SL Green Realty Corp (SLG) is scheduled to report 3rd quarter earnings on 10/18/2023, after the market closes.
Regarding Q3 estimates, Wall Street analysts expect SL Green Realty Corp to post earnings of -$0.41 per share. Revenue expectations are pegged at $156.96 million. Last quarter, SL Green Realty Corp missed earnings estimates, reporting EPS of -$5.63 on estimates of -$0.68. The stock fell by -6.48% the day after the last earnings release.
Year-to-date, SLG stock has risen by 10.71%.
Is SL Green Realty Corp Stock a Buy?
Wall Street’s consensus rating for SLG stock is a Hold, with an average analyst price target of $36.33, implying upside potential of 5.70% from current levels.
SLG shares have gained about 58.54% in the past six months.
About SL Green Realty Corp
SL Green Realty Corp. operates as a real estate investment trust. The firm engages in the acquisition, development, ownership, management and operation of commercial and residential real estate properties. It operates through the Real Estate, and Debt and Preferred Equity Investments business segments. The Real Estate segment consists of security, maintenance, utility costs, real estate taxes, and at certain properties ground rent expense. The Debt and Preferred Equity Investments segment includes cash flow from operations, cash on hand, and other forms of secured or unsecured financing. The company was founded by Stephen L. Green in June 1997 and is headquartered in New York, NY.
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