How Much Would It Take To Earn $100 A Month From SL Green Realty Stock

SL Green Realty Corp. SLG is one of the largest Manhattan property owners and landlords, holding about 32 million square feet of wholly owned and joint-venture office space.

It will report its Q3 2024 earnings on October 16. Wall Street analysts expect the company to post an EPS of $1.24, down from $1.27 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $135.76 million, up from $131.52 million in the year-ago period.

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The 52-week range of SL Green Realty’s stock price was $28.55 to $73.80.

SL Green Realty’s dividend yield is 4.15%. Over the last 12 months, it paid $3 per share in dividends.

The Latest On SL Green Realty

On July 17, SL Green Realty reported its Q2 2024 earnings, posting an adjusted EPS of ($0.04), compared to the consensus estimate of $ (0.13) and revenues of $222.82 million, compared to the consensus of $149.28 million, as reported by Benzinga.

The company raised its fiscal 2024 earnings guidance range to FFO per share of $7.45 to $7.75, an increase of $0.10 per share at the midpoint, to reflect the outperformance of the real estate portfolio, SUMMIT One Vanderbilt and incremental fee generation. It maintained its 2024 net income guidance range of $2.73 to $3.03 per share.

Check out this article by Benzinga for 13 analyst takes on SL Green Realty stock.

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How Can You Earn $100 Per Month As An (SL Green Realty) Investor?

If you want to make $100 per month –$1,200 annually – from SL Green Realty dividends, your investment would need to be about $28,916 or approximately 400 shares at $72.21 each. 

Understanding the dividend yield calculations: To estimate, use two key variables – the desired annual income ($1,200) and the dividend yield (4.15% in this case). So, $1,200 / 0.0415 = $28,916 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yields can fluctuate as stock prices and dividend payments change over time.

For example, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find SL Green Realty stock an attractive option for earning a steady $100 per month by owning 400 shares. 

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