During the last three months, 13 analysts shared their evaluations of SL Green Realty SLG, revealing diverse outlooks from bullish to bearish.
In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 0 | 2 | 7 | 3 | 1 |
| Last 30D | 0 | 0 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 1 | 0 |
| 2M Ago | 0 | 2 | 4 | 1 | 1 |
| 3M Ago | 0 | 0 | 1 | 1 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $57.85, along with a high estimate of $75.00 and a low estimate of $42.00. Witnessing a positive shift, the current average has risen by 17.32% from the previous average price target of $49.31.
Investigating Analyst Ratings: An Elaborate Study
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 |
|---|---|---|---|---|---|
| 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 |
| Nicholas Yulico | Scotiabank | Raises | Sector Perform | $53.00 | $43.00 |
| Steve Sakwa | Evercore ISI Group | Raises | Underperform | $49.00 | $47.00 |
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: 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 set price targets as an estimate of a stock's future value. Comparing the current and prior price targets provides insight into how analysts' expectations have changed over time. This information can be valuable for investors seeking to understand consensus views on the stock's potential future performance.
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of SL Green Realty's market standing. Stay informed and make data-driven decisions with our Ratings Table.
Stay up to date on SL Green Realty analyst ratings.
Unveiling the Story Behind 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 Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Revenue Growth: SL Green Realty's revenue growth over a period of 3 months has faced challenges. As of 30 June, 2024, the company experienced a revenue decline of approximately -9.44%. This indicates a decrease 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 falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of -1.17%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -0.07%, the company may need to address challenges in generating satisfactory 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: SL Green Realty's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.31.
The Core of Analyst Ratings: What Every Investor Should Know
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.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
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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