With returns from assets performance at 0.70% ROA SL Green Realty Corp. performance does not seem to meet up against Financial sector, as per the most recent numbers its vital to note that low returns of assets does not indicate inefficiency .
Firm is now at its 10.51% above its 12M low . The company has seen some correction in its stock value indicative of buying interest at all dips . As of now total loss per stock of -8.60% indicate fall in earnings per share .
Company seem to offer better growth to investors, evident by its 103.17 Earning per share and Market value , as a result traders are bullish because of future growth prospects of the business and supported by investor interest present in this Financial sector as current share price are expensive relative to its PE .
So although SL Green Realty Corp. projected PE of 103.17 is tempting , when taken with Financial sector ratio of 19.37 the stocks are still overpriced . Prices might increase above the market returns during bull markets and decrease more than the markets in bear markets.
With boost in current upwards growth rate of -10.84%, 103.17 PE set for uptrend . Forward PE for company is projected at 57.69X below PE by 103.17. SL Green Realty Corp. price /earnings ratio over Next Fiscal calendar is 57.69.
End of the day Monday, Dec 18 market cap stood at $10189.06 M , however we prefer enterprise value against market cap for fair value, further financial performance of SL Green Realty Corp. in Financial sector has been stable and is supported by strong market capitalization .
Supported by a up-down ratio of 0.98x, total MFI closed at $-311.99mn. With Tick up down ratio robust at 0.89, MF saw a boost of $-579.32mnFinancials sector is currently positive by 45.63 , and is still relatively encouraging..
SL Green Realty Corp. has a strong resistance at $102.62 level, if you pay attention, based on where the SL Green Realty Corp. is trading today, SMA is at 1.13% higher than current trading range.
Business low ROE is not always an issue as slumping growth are likely to rebound in long term. Assessment of the SL Green Realty Corp. considering liquidity strength is positive with Price to Book at 1.54 but there might be scope for a positive analyst outlook.