$1.60 EPS Expected for SL Green Realty Corp (SLG)

July 18, 2017 - By Migdalia James

 $1.60 EPS Expected for SL Green Realty Corp (SLG)
Investors sentiment decreased to 1.08 in Q4 2016. Its down 0.10, from 1.18 in 2016Q3. It fall, 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.
Aperio Gp Ltd, California-based fund reported 36,988 shares. Amica Mutual Insur invested in 27,375 shares or 0.26% of the stock. Boston owns 2.67 million shares or 0.38% of their US portfolio. Wetherby Asset Management, a California-based fund reported 2,348 shares. Louisiana State Employees Retirement System holds 0.04% in SL Green Realty Corp (NYSE:SLG) or 6,400 shares. Wellington Mngmt Grp Incorporated Limited Liability Partnership has 0% invested in SL Green Realty Corp (NYSE:SLG) for 44,343 shares. Artemis Inv Llp, a United Kingdom-based fund reported 137,835 shares. Nomura Holding, a Japan-based fund reported 5,605 shares. Axa accumulated 10,372 shares. Meiji Yasuda Asset Management Com Limited invested 0.05% in SL Green Realty Corp (NYSE:SLG). Tower Rech Ltd Liability Company (Trc) holds 2,228 shares. Reilly Financial Advsr Ltd Liability Corp accumulated 72 shares. Evercore Wealth Management stated it has 132 shares or 0% of all its holdings. Japan-based Asset Mngmt One has invested 0.11% in SL Green Realty Corp (NYSE:SLG). Systematic Finance Limited Partnership has invested 1.14% in SL Green Realty Corp (NYSE:SLG).

Since February 22, 2017, it had 0 insider buys, and 6 sales for $19.80 million activity. LEVY JOHN S sold $643,500 worth of stock. Another trade for 30,000 shares valued at $3.44M was sold by DiLiberto Matthew J.. Another trade for 32,700 shares valued at $3.73 million was sold by LEVINE ANDREW S. HATKOFF CRAIG M had sold 2,800 shares worth $310,940. BURTON EDWIN T III also sold $1.11 million worth of SL Green Realty Corp (NYSE:SLG) on Wednesday, February 22. 95,000 SL Green Realty Corp (NYSE:SLG) shares with value of $10.56 million were sold by GREEN STEPHEN L.

Wall Street await SL Green Realty Corp (NYSE:SLG) to release earnings on July, 19. Analysts forecast EPS of $1.60, down exactly $1.81 or 53.08 % from 2014’s $3.41 EPS. The expected SLG’s profit could reach $163.08M giving the stock 16.39 P/E in the case that $1.60 earnings per share is reported. After posting $1.57 EPS for the previous quarter, SL Green Realty Corp’s analysts now forecast 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 has “Equal-Weight” rating by Barclays Capital on Thursday, February 11. As per Monday, October 24, the company rating was downgraded by Stifel Nicolaus. The stock of SL Green Realty Corp (NYSE:SLG) earned “Buy” rating by Zacks on Friday, August 14. Barclays Capital maintained it with “Equalweight” rating and $113 target in Tuesday, July 19 report. The rating was upgraded by UBS to “Buy” on Thursday, July 13. The firm earned “Hold” rating on Monday, September 7 by Zacks. The stock of SL Green Realty Corp (NYSE:SLG) has “Buy” rating given on Friday, January 22 by Sandler O’Neill. The stock of SL Green Realty Corp (NYSE:SLG) earned “Buy” rating by BB&T Capital on Friday, November 13. Stifel Nicolaus upgraded the stock to “Buy” rating in Wednesday, September 9 report. Jefferies downgraded the stock to “Hold” rating in Thursday, December 8 report.

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: Crainsnewyork.com which released: “SL Green fills Times Square retail vacancy, nabs higher rent” on June 21, 2017, also Crainsnewyork.com with their article: “SL Green to build a tower near the World Trade Center” published on June 21, 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: Businesswire.com and their article: “SL Green Realty Corp. to Release Second Quarter 2017 Financial Results after …” published on June 27, 2017 as well as Benzinga.com‘s news article titled: “Goldman On REITs: Buy SL Green, Sell Paramount Group” with publication date: June 22, 2017.

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