Investor Insights

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.

Consensus
Potential
Valuation
Fair Value
SELL

Great company, assets, and management. Biggest landlord in Manhattan, which has enjoyed greater return-to-work than any other city. Stock's fully priced, so he exited. Good growth ahead, but see his Top Picks.

REAL ESTATE
SELL

She sold it. Trades at 12x PE with very limited FFO growth and pays a 4.5% dividend. It's outpaced any of her REITs by a mile. She sold because she wanted to buy something else. This moved up a lot so she took profits.

REAL ESTATE
BUY

Manhattan's biggest office landlord. Since the cool CPI print on July 11, shares have popped 16%. Then, they reported a surprising good quarter with occupancy at 89.6% and FFO beating at $2.05, up 43% so far this year. They also raised their full-year forecast. The CEO dismissed claims of a weakening office sector, noting that Blackstone, Wells Fargo and other big companies are expanding their office needs in New York. Where is the office RE crash? It pays a 4.5% dividend yield, too.

REAL ESTATE
DON'T BUY

Is too exposed to office properties.

REAL ESTATE
WAIT

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.

REAL ESTATE
DON'T BUY

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.

REAL ESTATE
BUY
She bought this much higher. SLG is very undervalued now. They hold high-end office spaces, pays a 9% dividend yield and 94% occupancy rate.
REAL ESTATE
DON'T BUY
Businesses have adopted a hybrid work model with only part of the week spent in offices. This trend has obliterated the office REITs like SLG. SLG forecast a brutal 2023 where funds from operations will slide over 20% compared to 2022, and they cut their dividend.
REAL ESTATE
BUY

Properties in Manhattan. Sold off drastically recently and thinks there are neat opportunities here.

REAL ESTATE
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SL Green Realty Corp(SLG-N) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 3

Total Signals / Votes : 4

Stockchase rating for SL Green Realty Corp is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

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, 4 stock analysts published opinions about SLG-N. 1 analyst recommended to BUY the stock. 3 analysts 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?

4 stock analysts 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 2024-11-01, SL Green Realty Corp (SLG-N) stock closed at a price of $74.39.