In the preceding three months, 12 analysts have released ratings for SL Green Realty SLG, presenting a wide array of perspectives from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 6 | 2 | 2 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 2 | 2 | 1 | 1 |
| 2M Ago | 0 | 0 | 3 | 1 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 1 |
Analysts have recently evaluated SL Green Realty and provided 12-month price targets. The average target is $55.92, accompanied by a high estimate of $75.00 and a low estimate of $37.00. This current average has increased by 16.69% from the previous average price target of $47.92.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of SL Green Realty by financial experts is analyzed through recent analyst actions. 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 |
|---|---|---|---|---|---|
| James Feldman | B of A Securities | Raises | Neutral | $62.00 | $59.00 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $68.00 | $53.00 |
| Anthony Paolone | JP Morgan | Raises | Underweight | $51.00 | $44.00 |
| Caitlin Burrows | Goldman Sachs | Raises | Sell | $42.00 | $38.00 |
| John Kim | BMO Capital | Raises | Outperform | $72.00 | $58.00 |
| Anthony Powell | Barclays | Raises | Equal-Weight | $58.00 | $49.00 |
| Alexander Goldfarb | Piper Sandler | Raises | Overweight | $75.00 | $58.00 |
| Michael Lewis | Truist Securities | Raises | Hold | $55.00 | $47.00 |
| Anthony Powell | Barclays | Raises | Equal-Weight | $49.00 | $48.00 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $53.00 | $43.00 |
| Steve Sakwa | Evercore ISI Group | Raises | Underperform | $49.00 | $47.00 |
| Nicholas Joseph | Citigroup | Raises | Sell | $37.00 | $31.00 |
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 gauge the dynamics of price targets, providing estimates for the future value of SL Green Realty's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of SL Green Realty's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on SL Green Realty analyst ratings.
About SL Green Realty
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.
Unraveling the Financial Story of SL Green Realty
Market Capitalization Analysis: With a profound presence, the company's market capitalization is above industry averages. This reflects substantial size and strong market recognition.
Decline in Revenue: Over the 3 months period, SL Green Realty faced challenges, resulting in a decline of approximately -9.44% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Real Estate sector.
Net Margin: SL Green Realty's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -1.17%, 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 -0.07%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): SL Green Realty's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -0.03%, the company may face hurdles in achieving optimal financial performance.
Debt Management: SL Green Realty's debt-to-equity ratio is below the industry average. With a ratio of 1.31, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analyst Ratings: Simplified
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
If you want to keep track of which analysts are outperforming others, you can view updated analyst ratings along withanalyst success scores in Benzinga Pro.
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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