During the last three months, 11 analysts shared their evaluations of SL Green Realty SLG, revealing diverse outlooks from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 3 | 3 | 3 | 1 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 1 | 1 | 0 | 1 |
| 2M Ago | 2 | 1 | 1 | 1 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $44.91, a high estimate of $58.00, and a low estimate of $35.00. Witnessing a positive shift, the current average has risen by 10.07% from the previous average price target of $40.80.
Interpreting Analyst Ratings: A Closer Look
An in-depth analysis of recent analyst actions unveils how financial experts perceive SL Green Realty. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Omotayo Okusanya | Deutsche Bank | Announces | Hold | $50.00 | - |
| Alexander Goldfarb | Piper Sandler | Raises | Overweight | $58.00 | $56.00 |
| Michael Lewis | Truist Securities | Raises | Hold | $47.00 | $44.00 |
| 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 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to SL Green Realty. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of SL Green Realty compared to the broader market.
- Price Targets: Analysts explore the dynamics of price targets, providing estimates for the future value of SL Green Realty's stock. This examination reveals shifts in analysts' expectations over time.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of SL Green Realty's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on SL Green Realty analyst ratings.
Delving into SL Green Realty's Background
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.
SL Green Realty: Financial Performance Dissected
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Revenue Growth: SL Green Realty's revenue growth over a period of 3 months has been noteworthy. As of 31 December, 2023, the company achieved a revenue growth rate of approximately 22.23%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: SL Green Realty's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -73.5%, the company may face hurdles in effective cost management.
Return on Equity (ROE): SL Green Realty's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of -4.22%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): SL Green Realty's ROA falls below industry averages, indicating challenges in efficiently utilizing assets. With an ROA of -1.62%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: With a below-average debt-to-equity ratio of 1.24, SL Green Realty adopts a prudent financial strategy, indicating a balanced approach to debt management.
How Are Analyst Ratings Determined?
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.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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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