Dividend Growth of SL Green Realty Corporation(SLG)

SL Green Realty Corporation(SLG) is having a Dividend Yield of 2.79% with the Annual cash Dividend per share of $2.94. The last quarter cash dividend per share pay out was $0.78. SL Green Realty Corporation has a 5 year average dividend yield of 1.94% and the stock has a Indicated annual dividend of $3.1. SL Green Realty Corporation(SLG) formally announced its most recent dividend on December 1, 2016 with a Dividend per share of $0.78. The new indicated annual dividend based on announced dividend per share is $3.1. The dividend yield based on the forward looking indicated annual dividend is 2.79%. SL Green Realty Corporation(SLG) has the most recent dividend payout ratio of 0.37 with a 5-year average payout ratio of 0.33. Companys change in pay out ratio when compared to the last 5 years average pay out ratio has been 0.05. The 5 year historical dividend growth of SL Green Realty Corporation(SLG) is at the rate of 29.17% while the R-Squared dividend growth is 0.93. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.

SL Green Realty Corporation (NYSE:SLG) witnessed a decline in the market cap on Thursday as its shares dropped 0.4% or 0.45 points. After the session commenced at $111.53, the stock reached the higher end at $112.94 while it hit a low of $110.395. With the volume soaring to 574,052 shares, the last trade was called at $110.71. The company has a 52-week high of $120.63. The company has a market cap of $11,133 million and there are 100,562,000 shares in outstanding. The 52-week low of the share price is $82.04. Shares of SL Green Realty Corp. rose by 1.58% in the last five trading days and 1.69% for the last 4 weeks. SL Green Realty Corp. is up 5.11% in the last 3-month period. Year-to-Date the stock performance stands at 2.94%.

Currently the company Insiders own 3.09% of SL Green Realty Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -73.39% . During last six month period, the net percent change held by insiders has seen a change of -73.39%. Company has reported several Insider transactions to the SEC, on Dec 23, 2016, Marc Holliday (Chief Executive Officer) sold 141,000 shares at 108.05 per share price.On Dec 19, 2016, Betsy S Atkins (director) sold 2,000 shares at 108.53 per share price.On Dec 14, 2016, Matthew J. Diliberto (Chief Financial Officer) sold 9,100 shares at 112.69 per share price.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.SL Green Realty Corp was Downgraded by Deutsche Bank on Jan 9, 2017 to Hold, Lowers Price Target to $ 112 from a previous price target of $126 .SL Green Realty Corp was Downgraded by Jefferies to Hold on Dec 8, 2016.

SL Green Realty Corp Last issued its quarterly earnings results on Jan 25, 2017. The company reported $1.43 EPS for the quarter. Analyst had a consensus estimate of $1.43. The company had revenue of $374.20 million for the quarter, compared to analysts expectations of $329.32 million. The companys revenue was down -12.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.62 EPS.

SL Green Realty Corporation is a fully-integrated, self administered and self-managed real estate investment trust and was formed for the purpose of continuing the commercial real estate business of SL Green. For more than 18 years, SL Green has been engaged in the business of owning, managing, leasing, acquiring and repositioning Class B office properties in Manhattan.


Share this post

Leave a Reply