SL Green Realty
About: SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 32 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.
Employees: 1,188
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
76% more first-time investments, than exits
New positions opened: 58 | Existing positions closed: 33
15% more capital invested
Capital invested by funds: $3.47B [Q2] → $4B (+$532M) [Q3]
8% more funds holding
Funds holding: 297 [Q2] → 322 (+25) [Q3]
5.76% less ownership
Funds ownership: 94.66% [Q2] → 88.9% (-5.76%) [Q3]
24% less repeat investments, than reductions
Existing positions increased: 94 | Existing positions reduced: 123
33% less funds holding in top 10
Funds holding in top 10: 6 [Q2] → 4 (-2) [Q3]
62% less call options, than puts
Call options by funds: $105M | Put options by funds: $279M
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$50
26%
downside
Avg. target
$77
13%
upside
High target
$90
32%
upside
9 analyst ratings
2 positive
22%
7 neutral
78%
0 negative
0%
Compass Point Floris Van Dijkum 80% 1-year accuracy 16 / 20 met price target | 10%upside $75 | Neutral Maintained | 11 Dec 2024 |
Scotiabank Nicholas Yulico 43% 1-year accuracy 15 / 35 met price target | 19%upside $81 | Sector Perform Maintained | 10 Dec 2024 |
JP Morgan Anthony Paolone 39% 1-year accuracy 7 / 18 met price target | 18%upside $80 | Neutral Upgraded | 10 Dec 2024 |
Jefferies Jonathan Petersen 23% 1-year accuracy 3 / 13 met price target | 6%upside $72 | Hold Maintained | 22 Nov 2024 |
Barclays Anthony Powell 48% 1-year accuracy 14 / 29 met price target | 15%upside $78 | Equal-Weight Maintained | 22 Oct 2024 |
Financial journalist opinion
Based on 18 articles about SLG published over the past 30 days
Positive
Zacks Investment Research
2 days ago
Down -11.17% in 4 Weeks, Here's Why You Should You Buy the Dip in SL Green (SLG)
SL Green (SLG) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in revising earnings estimates higher, indicates a potential trend reversal for the stock in the near term.
Neutral
GlobeNewsWire
2 days ago
SL Green Realty Corp. to Release Fourth Quarter 2024 Financial Results After Market Close on January 22, 2025
NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that it will release its earnings for the fourth quarter of 2024 on Wednesday, January 22, 2025 after market close. The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, January 23, 2025 at 2:00pm ET to discuss the financial results.
Positive
Barrons
4 days ago
These Are the Best REITs to Own in 2025, KeyBanc Says
The typical U.S. REIT returned 9% this year, or 13% with dividends.
Positive
Zacks Investment Research
4 days ago
Key Reasons to Add SL Green to Your Portfolio Right Now
Healthy demand for SLG's premier office spaces, a solid tenant base and opportunistic investments bode well for long-term growth.
Positive
Zacks Investment Research
4 days ago
3 Financial Stocks to Secure Your Investments Before Year-End
Finance stocks are expected to reap the benefits of technology advancements, growing premiums and favorable consumer spending as they head into 2025. However, inflationary challenges might act as a partial offset.
Positive
Zacks Investment Research
5 days ago
4 Real Estate Stocks to Add to Your Portfolio for a Prosperous 2025
With the economy expected to thrive in 2025, focusing on REITs is a wise strategy as they offer crucial real estate infrastructure for physical and digital activities.
Positive
Zacks Investment Research
1 week ago
SLG Raises 2024 FFO Guidance, Announces Lease Renewal & Transactions
SL Green raises 2024 FFO per share guidance, secures lease renewal and announces a series of transactions at 100 Park Avenue building.
Positive
24/7 Wall Street
1 week ago
The Only 3 REITs You Need to Own In Your Lifetime
Investing in real estate investment trusts (REITs) is an excellent option for long-term investors looking to create meaningful passive income streams in retirement.
Positive
Zacks Investment Research
1 week ago
SL Green Rewards Investors With Dividend Hike: Is it Sustainable?
SLG's latest dividend hike reflects its ability to generate decent cash flows from its high-quality portfolio.
Neutral
GlobeNewsWire
1 week ago
SL Green Inks 123,000 Square Foot Lease With the Travelers Insurance Company at 485 Lexington Avenue
NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced that The Travelers Insurance Company has executed a 122,788 square foot renewal at 485 Lexington Avenue. The company will remain on a portion of the seventh floor and all of the eighth and ninth floors for an additional 10 years.
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