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 33 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 April 18, 2024, SLG stock price declined to $48.52 with 2,079,140 million shares trading.

SLG has a beta of 2.73, meaning it tends to be more sensitive to market movements. SLG has a correlation of 0.33 to the broad based SPY ETF.

SLG has a market cap of $3.14 billion. This is considered a Mid Cap stock.

Last quarter SL Green Realty reported $128 million in Revenue and $3.07 earnings per share. This fell short of revenue expectation by $-24 million and exceeded earnings estimates by $.91.

In the last 3 years, SLG stock traded as high as $85.65 and as low as $19.06.

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

SLG has outperformed the market in the last year with a return of +111.3%, while the SPY ETF gained +22.3%. In the last 3 month period, SLG beat the market returning +14.6%, while SPY returned +6.1%. However, in the most recent 2 weeks SLG has underperformed the stock market by returning -6.2%, while SPY returned -3.8%.

SLG support price is $48.09 and resistance is $51.25 (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 stock will trade within this expected range on the day.