Across the recent three months, 17 analysts have shared their insights on SL Green Realty SLG, expressing a variety of opinions spanning 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 | 0 | 4 | 10 | 2 | 1 |
| Last 30D | 0 | 2 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 2 | 0 | 0 |
| 2M Ago | 0 | 0 | 5 | 1 | 0 |
| 3M Ago | 0 | 2 | 2 | 1 | 1 |
Insights from analysts' 12-month price targets are revealed, presenting an average target of $65.29, a high estimate of $90.00, and a low estimate of $42.00. Marking an increase of 22.11%, the current average surpasses the previous average price target of $53.47.
Understanding Analyst Ratings: A Comprehensive Breakdown
In examining recent analyst actions, we gain insights into 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 |
|---|---|---|---|---|---|
| Alexander Goldfarb | Piper Sandler | Raises | Overweight | $90.00 | $75.00 |
| Steve Sakwa | Evercore ISI Group | Raises | In-Line | $79.00 | $67.00 |
| John Kim | BMO Capital | Raises | Outperform | $87.00 | $72.00 |
| 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 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SL Green Realty. This information provides a snapshot of how analysts perceive 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.
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into SL Green Realty's market standing. Stay informed and make well-considered 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: A Financial Overview
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: SL Green Realty displayed positive results in 3 months. As of 30 September, 2024, the company achieved a solid revenue growth rate of approximately 3.08%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the company achieved a growth rate higher than the average among peers in 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 -5.78%, the company may encounter challenges in effective cost control.
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 -0.39%, 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 -0.13%, the company may face hurdles in generating optimal returns from its assets.
Debt Management: SL Green Realty's debt-to-equity ratio stands notably higher than the industry average, reaching 1.6. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
The Basics of Analyst Ratings
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.
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.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. Click here to stay ahead of the market.
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.
Comments
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
