SLG Stock Summary and Trading Ideas (SL Green Realty | NYSE:SLG)

SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 32 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.

SL Green Realty trades on the NYSE stock market under the symbol SLG.

As of December 4, 2024, SLG stock price climbed to $74.39 with 722,585 million shares trading.

SLG has a beta of 1.45, meaning it tends to be more sensitive to market movements. SLG has a correlation of 0.21 to the broad based SPY ETF.

SLG has a market cap of $5.34 billion. This is considered a Mid Cap stock.

Last quarter SL Green Realty reported $140 million in Revenue and $1.13 earnings per share. This beat revenue expectation by $3 million and missed earnings estimates by -$.07.

In the last 3 years, SLG traded as high as $83.96 and as low as $19.06.

The top ETF exchange traded funds that SLG belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VB.

SLG has outperformed the market in the last year with a return of +92.5%, while the SPY ETF gained +33.9%. In the last 3 month period, SLG beat the market returning +16.7%, while SPY returned +10.4%. However, in the most recent 2 weeks SLG has underperformed the stock market by returning -3.8%, while SPY returned +2.9%.

SLG support price is $72.15 and resistance is $75.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLG shares will trade within this expected range on the day.