SL Green Realty Corp (NYSE:SLG) is reporting third quarter earnings results on Wednesday 21st October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.22 per share.
For the full year, analysts predict revenues of $ 828.81 million, while looking forward to income of $ 1.53 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 6.60 ~ $ 7.10 per share
Click Here For More Historical Outlooks Of SL Green Realty Corp
Previous Quarter Performance
SL Green Realty Corp unveiled income for the second quarter of $ 1.70 per share, from the revenue of $ 174.14 million. The quarterly earnings shrunk 12.37 percent while revenues reduced 28.91 percent compared with the same quarter last year. The top line results fell short of analysts by $ 34.46 million or 16.52 percent.
Stock Performance
Shares of SL Green Realty Corp traded up $ 0.86 or 1.89 percent on Tuesday, reaching $ 46.47 with volume of 987.00 thousand shares. SL Green Realty Corp has traded high as $ 47.35 and has cracked $ 46.15 on the downward trend
The closing price of $ 46.47, representing a 29.72 % increase from the 52 week low of $ 35.16 and a 52.68 % decrease over the 52 week high of $ 96.39.
The company has a market capital of $ 3.40 billion and is part of the Real Estate sector and REIT – Office industry.
Recent Analyst recommendations
- On 23rd September 2020, maintained by Wells Fargo & Co at Equal-Weight rating, with $ 59.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.295 per share on October 20, 2020. The dividend were payable on November 16, 2020 to holders of record as of the close of business on October 30, 2020 and ex-dividend date on October 29, 2020.
Conference Call
SL Green Realty Corp will be hosting a conference call at 2:00 PM eastern time on 22nd October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.slgreen.com
SL Green Realty Corp., an S&P 500 company and New York Citys largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet. This included ownership interests in 27.7 million square feet of Manhattan buildings and 18.7 million square feet of buildings securing debt and preferred equity investments.
