SLG SL Green Realty Corp
- Price as of: Jan 30, 10:09 PM EST
- Real estate development
SLG Stock Dividend DataAdd SLG to Watchlist
SLG Daily Snapshot
- Quote Time:
- Jan 30, 10:09 PM
- Today's Volume:
- Open Price:
- Day's Range:
- $125.98 - $128.86
- Previous Close:
- 52 Week Low / High:
- $90.55 - $131.64
- Percent Off 52 Week High:
SLG Dividend Growth History
Last 5 Yrs
Last 3 Yrs
|Reveal More Dividend Growth History for SLG||71.0%||51.5%||3 years|
SLG Dividend History
|Payout Amount||Declared Date||Ex-Dividend Date||Record Date||Pay Date ▼||Qualified Dividend?||Payout Type||Frequency|
SLG Company Profile
SL Green- (SLG)- is a self-administered and self-managed real estate investment trust, or REIT, that predominantly acquires, owns, repositions and manages Manhattan office properties. The Company is the only publicly held REIT that specializes in this niche. As of March 31, 2008, the Company owned 31 New York City office properties totaling approximately 24,389,200 square feet, making it New York's largest office landlord. In addition, SL Green holds investment interests in, among other things, nine retail properties encompassing approximately 400,212 square feet, one development property encompassing approximately 85,000 square feet and two land interests, along with ownership interests in 36 suburban assets totaling 7,867,500 square feet in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey. As a REIT, capital gains are accounted for differently, so please consult with a tax advisor.
SL Green Realty Corp News
Wells Fargo Raises Price Target on SL Green Realty (SLG)Mar 22, 2013Late on Thursday, analysts at Wells Fargo boosted the price target on Manhattan-based REIT SL Green Realty Corp (SLG) . The analysts maintain a "Market Perform" rating on SLG and see shares reaching a range of $83 to $88. The previous target range was between $80 and $85. Thursday's closing price of $85.45 is about in-line with the analysts' new valuation average. A Wells Fargo analyst said, "SLG has the largest office portfolio in the NYC market. Its high quality portfolio, plus a positive long-term fundamental outlook for NYC and strong management team underscore the long-term upbeat outlook for SLG. Yet, leverage that is above peers and an investment philosophy that is geared towards asset recycling increases risk." SL Green shares were inactive during pre-market trading on Friday. The stock is up +8.77% over the past year. The Bottom Line Shares of SL Green Realty (SLG) have a dividend yield of 1.54% based on last night's closing price of $85.46 and the company's annualized dividend payout of $1.32 per share. SL Green Realty Corp (SLG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
SL Green Realty Sees Increased Profits; Beats Estimates (SLG)Jan 31, 2013Real estate investment trust (REIT), SL Green Realty Corp(SLG) saw an increase in earnings for the quarter, beating analysts estimates on Thursday. The New York, NY based company reported fourth quarter funds from operations (FFO) of $107 million, or $1.14 per share, up from $90 million, or $1.02 per share. Analysts expected to see EPS of $1.15. The company reported net income of $20 million, or 22 cents per share, up from $2.8 million, or 3 cents per share last year. Revenues for the quarter was $350.7 million, up from $329 million last year. SL Green Realty shares were mostly flat during Thursday morning trading. The stock has increased 9% in the past year. The Bottom Line Shares of SL Green Realty Corp(SLG) have a 1.65% yield, based on Thursday morning's price of $80.23 SL Green Realty Corp(SLG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
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SL Green Realty Upgraded to "Outperform" at FBR Capital (SLG)Jun 15, 2011Manhattan-based REIT SL Green Realty Corp. (SLG) on Wednesday saw its rating and price target boosted by analysts at FBR Capital Markets. The firm said it upgraded SLG from "Market Perform" to "Outperform" while raising its price target from $89 to $95. That new target suggests a 15% upside to the stock's Tuesday closing price of $82.44. An FBR analyst commented, "This report shows that (1) Manhattan office job growth can continue to be relatively higher than the U.S. average, (2) there is considerable friction in the search for "larger blocks of space" within Class A submarkets in Manhattan today despite 11% availability, (3) existing long lease terms prevalent in Manhattan significantly push out the rent roll-downs, and finally, (4) chasing of trophy core assets in Manhattan by global core real estate investors (in a low interest rate environment) results in lower cap rates. We conclude that lower capitalization rates can be justified by 10 bps to 20 bps for both Boston Properties, Inc. (NYSE: BXP) and SL Green Realty Corp. (NYSE: SLG)." SL Green shares rose 50 cents, or +0.6%, in premarket trading Wednesday. The Bottom Line Shares of SL Green Realty (SLG) have a .49% dividend yield, based on last night's closing stock price of $82.44. The stock has technical support in the $75-$77 price area. If the shares can firm up, we see overhead resistance around the $85-$90 price levels. SL Green Realty Corp. (SLG) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.Expand to read the full story
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