Throughout the last three months, 10 analysts have evaluated SL Green Realty SLG, offering a diverse set of opinions from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 3 | 1 | 1 | 1 |
| Last 30D | 0 | 0 | 0 | 0 | 1 |
| 1M Ago | 0 | 1 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 1 | 1 | 0 |
| 3M Ago | 2 | 2 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $42.7, a high estimate of $56.00, and a low estimate of $35.00. This upward trend is apparent, with the current average reflecting a 5.96% increase from the previous average price target of $40.30.
Exploring Analyst Ratings: An In-Depth Overview
The analysis of recent analyst actions sheds light on the perception of SL Green Realty by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Caitlin Burrows | Goldman Sachs | Raises | Sell | $36.00 | $30.00 |
| Alexander Goldfarb | Piper Sandler | Raises | Overweight | $56.00 | $47.00 |
| Anthony Powell | Barclays | Raises | Underweight | $35.00 | $26.00 |
| John Kim | BMO Capital | Raises | Market Perform | $44.00 | $34.00 |
| Michael Lewis | Truist Securities | Raises | Buy | $44.00 | $42.00 |
| Michael Lewis | Truist Securities | Raises | Buy | $42.00 | $41.00 |
| Alexander Goldfarb | Piper Sandler | Lowers | Overweight | $41.00 | $46.00 |
| Michael Lewis | Truist Securities | Lowers | Buy | $41.00 | $42.00 |
| Michael Lewis | Truist Securities | Lowers | Buy | $42.00 | $47.00 |
| Alexander Goldfarb | Piper Sandler | Lowers | Overweight | $46.00 | $48.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to SL Green Realty. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of SL Green Realty compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for SL Green Realty's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Capture valuable insights into SL Green Realty's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.
Stay up to date on SL Green Realty analyst ratings.
Unveiling the Story Behind SL Green Realty
SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 35 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.
Understanding the Numbers: SL Green Realty's Finances
Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.
Negative Revenue Trend: Examining SL Green Realty's financials over 3 months reveals challenges. As of 30 September, 2023, the company experienced a decline of approximately -18.47% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: SL Green Realty's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -13.84% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): SL Green Realty's ROE stands out, surpassing industry averages. With an impressive ROE of -0.62%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): SL Green Realty's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -0.24% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: SL Green Realty's debt-to-equity ratio is below the industry average. With a ratio of 1.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Significance of Analyst Ratings Explained
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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