SL Green Realty Corp (SLG) EPS Estimated At $1.60

July 18, 2017 - By Peter Erickson

 SL Green Realty Corp (SLG) EPS Estimated At $1.60
Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.10, from 1.18 in 2016Q3. It dropped, as 45 investors sold SL Green Realty Corp shares while 109 reduced holdings. 39 funds opened positions while 127 raised stakes. 102.70 million shares or 0.29% less from 103.00 million shares in 2016Q3 were reported.
Blackrock owns 1.36 million shares. Comerica Bank invested in 0.02% or 27,723 shares. Alpine Woods Cap Ltd Llc holds 0.31% or 51,371 shares in its portfolio. Pacad Invest owns 16,300 shares. Guggenheim holds 0.1% or 311,691 shares in its portfolio. Moreover, Lenox Wealth Advisors has 0.06% invested in SL Green Realty Corp (NYSE:SLG) for 1,636 shares. Highbridge Capital Management Ltd Liability Co accumulated 77,368 shares. Cbre Clarion Limited Liability invested in 4.40M shares. United Kingdom-based Lombard Odier Asset Management (Europe) Limited has invested 0.08% in SL Green Realty Corp (NYSE:SLG). Jpmorgan Chase holds 0.06% in SL Green Realty Corp (NYSE:SLG) or 2.29 million shares. Forward Limited Liability accumulated 27,345 shares. Schwab Charles Inv Management holds 0.14% of its portfolio in SL Green Realty Corp (NYSE:SLG) for 1.22 million shares. Apg Asset Management Nv owns 0.01% invested in SL Green Realty Corp (NYSE:SLG) for 48,251 shares. State Of Alaska Department Of Revenue reported 0.47% of its portfolio in SL Green Realty Corp (NYSE:SLG). Thompson Davis has 64 shares.

Since February 22, 2017, it had 0 insider purchases, and 6 selling transactions for $19.80 million activity. $1.11 million worth of SL Green Realty Corp (NYSE:SLG) was sold by BURTON EDWIN T III on Wednesday, February 22. 30,000 shares valued at $3.44M were sold by DiLiberto Matthew J. on Wednesday, March 1. LEVY JOHN S had sold 6,000 shares worth $643,500 on Tuesday, March 21. Shares for $10.56M were sold by GREEN STEPHEN L. The insider LEVINE ANDREW S sold $3.73M. HATKOFF CRAIG M sold $310,940 worth of SL Green Realty Corp (NYSE:SLG) on Monday, February 27.

Analysts await SL Green Realty Corp (NYSE:SLG) to report earnings on July, 19. They expect $1.60 earnings per share, down 53.08 % or $1.81 from last year’s $3.41 per share. SLG’s profit will be $163.08M for 16.39 P/E if the $1.60 EPS becomes a reality. After $1.57 actual earnings per share reported by SL Green Realty Corp for the previous quarter, Wall Street now forecasts 1.91 % EPS growth. It closed at $104.88 lastly. It is down 3.99% since July 18, 2016 and is uptrending. It has underperformed by 12.71% the S&P500.

SL Green Realty Corp (NYSE:SLG) Ratings Coverage

Among 19 analysts covering SL Green Realty Corp. (NYSE:SLG), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. SL Green Realty Corp. had 51 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of SL Green Realty Corp (NYSE:SLG) earned “Hold” rating by Evercore on Tuesday, September 8. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, February 19 report. Goldman Sachs maintained it with “Neutral” rating and $121 target in Thursday, June 22 report. SunTrust maintained SL Green Realty Corp (NYSE:SLG) on Wednesday, August 12 with “Neutral” rating. Barclays Capital maintained SL Green Realty Corp (NYSE:SLG) on Thursday, February 11 with “Equal-Weight” rating. The rating was initiated by BTIG Research with “Neutral” on Thursday, August 25. As per Tuesday, June 13, the company rating was downgraded by Morgan Stanley. The stock of SL Green Realty Corp (NYSE:SLG) earned “Buy” rating by Suntrust Robinson on Friday, January 22. The firm has “Buy” rating by Jefferies given on Tuesday, August 23. The rating was downgraded by Jefferies to “Hold” on Thursday, December 8.

SL Green Realty Corp. is a self-managed real estate investment trust , with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The company has market cap of $10.69 billion. The Firm operates through two divisions: real estate, and debt and preferred equity investments. It has a 47.34 P/E ratio. It acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area.

More notable recent SL Green Realty Corp (NYSE:SLG) news were published by: Nypost.com which released: “SL Green eyes new downtown tower near WTC” on June 21, 2017, also Businesswire.com with their article: “SL Green Realty Corp. to Release Second Quarter 2017 Financial Results after …” published on June 27, 2017, Prnewswire.com published: “Daily Technical Summary Reports on REIT Stocks — Realty Income, SL Green …” on July 12, 2017. More interesting news about SL Green Realty Corp (NYSE:SLG) were released by: Nasdaq.com and their article: “Agree To Purchase SL Green Realty Corp At $95, Earn 5.4% Annualized Using Options” published on June 20, 2017 as well as Crainsnewyork.com‘s news article titled: “SL Green fills Times Square retail vacancy, nabs higher rent” with publication date: June 21, 2017.

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