During the last three months, 16 analysts shared their evaluations of SL Green Realty SLG, revealing diverse outlooks from bullish to bearish.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 11 | 2 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 5 | 0 | 0 |
| 2M Ago | 0 | 0 | 1 | 1 | 0 |
| 3M Ago | 0 | 2 | 4 | 1 | 1 |
In the assessment of 12-month price targets, analysts unveil insights for SL Green Realty, presenting an average target of $59.88, a high estimate of $75.00, and a low estimate of $42.00. Surpassing the previous average price target of $49.38, the current average has increased by 21.26%.
Deciphering Analyst Ratings: An In-Depth Analysis
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 |
|---|---|---|---|---|---|
| Anthony Powell | Barclays | Raises | Equal-Weight | $66.00 | $58.00 |
| Ronald Josey | Morgan Stanley | Raises | Equal-Weight | $50.00 | $47.00 |
| Floris Van Dijkum | Compass Point | Raises | Neutral | $60.00 | $35.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $66.00 | $55.00 |
| Nicholas Joseph | Citigroup | Raises | Neutral | $66.00 | $44.00 |
| Blaine Heck | Wells Fargo | Raises | Equal-Weight | $63.00 | $43.00 |
| Steve Sakwa | Evercore ISI Group | Raises | Underperform | $55.00 | $54.00 |
| 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 |
Key Insights:
- Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to SL Green Realty. This insight gives a snapshot of analysts' perspectives on the current state of the company.
- Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of SL Green Realty compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of SL Green Realty's stock. This analysis reveals shifts in analysts' expectations over time.
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.
Delving into SL Green Realty's Background
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.
SL Green Realty: Delving into Financials
Market Capitalization: Surpassing industry standards, the company's market capitalization asserts its dominance in terms of size, suggesting a robust market position.
Revenue Challenges: SL Green Realty's revenue growth over 3 months faced difficulties. As of 30 June, 2024, the company experienced a decline of approximately -9.44%. This indicates a decrease in 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 standards, pointing towards difficulties in achieving strong profitability. With a net margin of -1.17%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): SL Green Realty's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -0.07%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): SL Green Realty's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of -0.03%, the company may face hurdles in achieving optimal financial returns.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 1.31.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
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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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