How Have SL Green Realty Corp. (SLG) Insiders Been Trading?

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SL Green Realty Corp. (NYSE:SLG) finished Wednesday with a subtraction of -$1.19 to close at $33.01, a downside of -3.48 percent. An average of 1,174,160 shares of common stock have been traded in the last five days. There was a gain of $0.05 in the past week, and it reached a new high 10 times over the past 12 months. The last 20 days have seen an average of 1,612,990 shares traded, while the 50-day average volume stands at 1,278,712.

SLG stock has decreased by -18.93% in the last month. The company shares reached their 1-month lowest point of $32.15 on 12/22/22. With the stock rallying to its 52-week high on 03/29/22, shares of the company touched a low of $32.15 and a high of $85.15 in 52 weeks. It has reached a new high 8 times so far this year and lost -55.33% or -$38.69 in price. In spite of this, the price is down -61.23% from the 52-week high.


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Insider Transactions

SLG stock investors should be aware that SL Green Realty Corp. (SLG) stock had its last reported insider trading activity 315 days ago on Feb 17. In this transaction, the insider spent $282,946. Director, HATKOFF CRAIG M, disposed of 3,560 shares at a price of $77.31 on Feb 14. The insider now owns more than $275,224 worth of shares.

Valuation Metrics

SL Green Realty Corp. (SLG) stock’s beta is 1.41. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.66, the price-to-book (PB) ratio at 0.47.

The company’s most recent quarterly dividend payment was $0.2710 a share, representing a down of -12.86% from $0.3110 last year. Its latest decrease dividend $0.04 reported on Monday December 5 2022.

Financial Health

Further, the company has a long term debt to equity ratio of 1.28 and a total debt to equity ratio of 1.28 for the quarter ending September 29. Its gross profit as reported stood at $167.54 million compared to revenue of $843.99 million.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, SL Green Realty Corp.’s return on assets was -0.20%.

Earnings Surprise

For the three-month period that ended September 29, SL Green Realty Corp. had $680.52 million in cash and short-term investments compared to $3.23 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $7.38 million in the quarter, while revenues of -$43.88 million were shrunk -5160.3%. The analyst consensus anticipated SL Green Realty Corp.’s latest quarter earnings to come in at $0.08 per share, but it turned out to be $0.11, a 37.50% surprise. For the quarter, EBITDA amounted to $103.38 million. At the end of the quarter ending September 29, SL Green Realty Corp.’s stock balance sheet showed total debt was $6.63 billion. Shareholders own equity worth $64.32 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at SL Green Realty Corp. (SLG) price momentum. RSI 9-day as of the close on 28 December was 30.92%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.02%.

As of today, SLG’s price is $33.54 +0.15% or $0.05 from its 5-day moving average. SLG is currently trading -20.69% lower than its 20-day SMA and -29.45% lower than its 100-day SMA. However, the stock’s current price level is -16.83% below the SMA50 and -58.02% below the SMA200.

The stochastic %K and %D were 24.93% and 26.57%, respectively, and the average true range (ATR) was 1.34. With the 14-day stochastic at 13.98% and the average true range at 1.41, the RSI (14) stands at 33.42%. The stock has reached -0.05 on the 9-day MACD Oscillator while the 14-day reading was at -0.83.

Analyst Ratings

Citigroup downgraded SL Green Realty Corp. (NYSE: SLG) to a a Sell rating in its most recent analyst report. Previously, the stock was rated as a Neutral. The consensus rating for SL Green Realty Corp. (SLG) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell SLG, while 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 3 others rate it as a “buy”.

What is SLG’s price target for the next 12 months?

Analysts predict a range of price targets between $30.00 and $84.00, with a median target of $41.00. Taking a look at these predictions, the average price target given by analysts for SL Green Realty Corp. (SLG) stock is $43.65.

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