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SL Green Realty Corp (SLG) is a leading reit-office business with stocks listed in the US. It opened the day at US$84.6 after a previous close of US$85.17. During the day the price has varied from a low of USD81.87 to a high of USD84.6. The latest price was USD82.65 (25 minute delay). SL Green Realty is listed on the NYSE. All prices are listed in US Dollars.
How to buy shares in SL Green Realty
- Compare share trading platforms. To buy shares in a US company from Australia you'll need to find a trading platform that offers access to US stock markets. If you're just starting out, look for a platform with low brokerage and foreign exchange fees.
- Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and tax file number. Fund your account with a bank transfer, credit card or debit card.
- Search for SL Green Realty. Find the share by name or ticker symbol: SLG. Research its history to confirm it's a solid investment against your financial goals.
- Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until SL Green Realty reaches your desired price. To spread out your risk, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
- Decide on how many to buy. At last close price of US$79.45, weigh your budget against a diversified portfolio that can minimise risk through the market's ups and downs. You may be able to buy a fractional share of SL Green Realty, depending on your broker.
- Check in on your investment. Congratulations, you own a part of SL Green Realty. Optimise your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.
What's in this guide?
- SL Green Realty key stats
- Compare share trading platforms
- Is SL Green Realty stock a buy or sell?
- SL Green Realty performance over time
- Can I short SL Green Realty shares?
- Is SL Green Realty suitable for ethical investing?
- Are SL Green Realty shares over-valued?
- SL Green Realty's financials
- How volatile are SL Green Realty shares?
- Does SL Green Realty pay a dividend?
- Have SL Green Realty shares ever split?
- Other common questions
SL Green Realty share priceUse our graph to track the performance of SLG stocks over time.
SL Green Realty shares at a glance
|52-week range||US$39.6509 - US$85.64|
|50-day moving average||US$75.0769|
|200-day moving average||US$68.6212|
|Dividend yield||US$3.651 (4.49%)|
|Earnings per share (TTM)||US$3.364|
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Is it a good time to buy SL Green Realty stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
SL Green Realty price performance over time
|1 week (2021-06-04)||4.03%|
|1 month (2021-05-12)||17.10%|
|3 months (2021-03-12)||6.29%|
|6 months (2020-12-11)||35.38%|
|1 year (2020-06-12)||58.33%|
|2 years (2019-06-12)||-5.67%|
|3 years (2018-06-12)||-15.19%|
|5 years (2016-06-10)||-17.33%|
Is SL Green Realty under- or over-valued?
Valuing SL Green Realty stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of SL Green Realty's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
SL Green Realty's P/E ratio
SL Green Realty's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 25x. In other words, SL Green Realty shares trade at around 25x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
SL Green Realty's PEG ratio
SL Green Realty's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.7368. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into SL Green Realty's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
SL Green Realty's EBITDA
SL Green Realty's EBITDA (earnings before interest, taxes, depreciation and amortisation) is US$476.2 million.
The EBITDA is a measure of a SL Green Realty's overall financial performance and is widely used to measure a its profitability.
SL Green Realty financials
|Revenue TTM||US$939.4 million|
|Operating margin TTM||24.04%|
|Gross profit TTM||US$639 million|
|Return on assets TTM||1.12%|
|Return on equity TTM||4.95%|
|Market capitalisation||US$5.8 billion|
TTM: trailing 12 months
Shorting SL Green Realty shares
There are currently 8.5 million SL Green Realty shares held short by investors – that's known as SL Green Realty's "short interest". This figure is 1.5% down from 8.7 million last month.
There are a few different ways that this level of interest in shorting SL Green Realty shares can be evaluated.
SL Green Realty's "short interest ratio" (SIR)
SL Green Realty's "short interest ratio" (SIR) is the quantity of SL Green Realty shares currently shorted divided by the average quantity of SL Green Realty shares traded daily (recently around 795178.33800187). SL Green Realty's SIR currently stands at 10.71. In other words for every 100,000 SL Green Realty shares traded daily on the market, roughly 10710 shares are currently held short.
However SL Green Realty's short interest can also be evaluated against the total number of SL Green Realty shares, or, against the total number of tradable SL Green Realty shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case SL Green Realty's short interest could be expressed as 0.12% of the outstanding shares (for every 100,000 SL Green Realty shares in existence, roughly 120 shares are currently held short) or 0.1733% of the tradable shares (for every 100,000 tradable SL Green Realty shares, roughly 173 shares are currently held short).
A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against SL Green Realty.
Find out more about how you can short SL Green Realty stock.
SL Green Realty's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like SL Green Realty.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
SL Green Realty's total ESG risk score
Total ESG risk: 18.53
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and SL Green Realty's overall score of 18.53 (as at 12/31/2018) is excellent – landing it in it in the 10th percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like SL Green Realty is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
SL Green Realty's environmental score
Environmental score: 7/100
SL Green Realty's environmental score of 7 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that SL Green Realty is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
SL Green Realty's social score
Social score: 8.92/100
SL Green Realty's social score of 8.92 puts it squarely in the 6th percentile of companies rated in the same sector. This could suggest that SL Green Realty is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
SL Green Realty's governance score
Governance score: 12.11/100
SL Green Realty's governance score puts it squarely in the 6th percentile of companies rated in the same sector. That could suggest that SL Green Realty is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
SL Green Realty's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. SL Green Realty scored a 1 out of 5 for controversy – the highest score possible, reflecting that SL Green Realty has managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
|Total ESG score||18.53|
|Total ESG percentile||9.82|
|Environmental score percentile||6|
|Social score percentile||6|
|Governance score percentile||6|
|Level of controversy||1|
SL Green Realty share dividends
Dividend payout ratio: 17.66% of net profits
Recently SL Green Realty has paid out, on average, around 17.66% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 4.48% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), SL Green Realty shareholders could enjoy a 4.48% return on their shares, in the form of dividend payments. In SL Green Realty's case, that would currently equate to about $3.651 per share.
While SL Green Realty's payout ratio might seem low, this can signify that SL Green Realty is investing more in its future growth.
SL Green Realty's most recent dividend payout was on 14 June 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 May 2021 (the "ex-dividend date").
Have SL Green Realty's shares ever split?
SL Green Realty's shares were split on 20 January 2021.
SL Green Realty share price volatility
Over the last 12 months, SL Green Realty's shares have ranged in value from as little as US$39.6509 up to US$85.64. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while SL Green Realty's is 1.6413. This would suggest that SL Green Realty's shares are more volatile than the average for this exchange and represent, relatively-speaking, a higher risk (but potentially also market-beating returns).
SL Green Realty overview
SL Green Realty Corp., an S&P 500 company and Manhattan's 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 December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.
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