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SL Green Realty Corp (SLG-N)
NYSE:SLG
52.41
1.63
(3.21%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
This summary was created by AI, based on 2 opinions in the last 12 months.
The expert reviews highlight that SL Green Realty Corp (SLG-N) is heavily exposed to office properties and faces high volatility. However, there is praise for the management's ability to handle buy, fix, lease up, and sell strategies. The consensus is that while the sector may be oversold, being selective in entry points due to volatility could offer potential opportunities. Overall, the stock is viewed as having potential but requiring careful market timing and strategy.
$34.630
Unknown
High volatility. Thinks highly of management. In office, buy and hold is not a good strategy. What is good is buy, fix, lease up, sell, recycle capital, develop. And SLG is good at that. Oversold. Hard to be positive on the sector. Be selective on entry point, volatility might help you out.
Office REITs haven't recovered from Covid as workers resist returning to the office and rising interest rates are eating into revenues. SLG is down 33% YTD as it suffered two downgrades and price targets slashed yesterday: ugly balance sheet and many older buildings with little demand. Debt to EBITDA is the worst int his group. SLG plans to sell over $2 billion in properties, but who wants to buy an office building now? Paying 15% now, a dividend cut in inevitable. This is ugly all around.
Properties in Manhattan. Sold off drastically recently and thinks there are neat opportunities here.
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SL Green Realty Corp(SLG-N) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 1
Total Signals / Votes : 1
SL Green Realty Corp(SLG-N) Frequently Asked Questions
What is SL Green Realty Corp stock symbol?
SL Green Realty Corp is a American stock, trading under the symbol SLG-N on the New York Stock Exchange (SLG). It is usually referred to as NYSE:SLG or SLG-N
Is SL Green Realty Corp a buy or a sell?
In the last year, 1 stock analyst published opinions about SLG-N. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for SL Green Realty Corp.
Is SL Green Realty Corp a good investment or a top pick?
SL Green Realty Corp was never recommended as a Top Pick on Stockchase. Read the latest stock experts ratings for SL Green Realty Corp.
Why is SL Green Realty Corp stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is SL Green Realty Corp worth watching?
1 stock analyst on Stockchase covered SL Green Realty Corp In the last year. It is a trending stock that is worth watching.
What is SL Green Realty Corp stock price?
On 2024-04-23, SL Green Realty Corp (SLG-N) stock closed at a price of $52.41.
Is too exposed to office properties.