With 0.6 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. The 52-week range on SLG shows that it touched its highest point at $82.81 and its lowest point at $45.96 during that stretch. It currently has a 1-year price target of $71.19. With its current market cap of 4.88 billion, SLG has annualized dividend of $3.02 while the current yield stands at 4.67%. Beta for the stock currently stands at 1.82.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of SLG was up-trending over the past week, with a rise of 0.20%, but this was up by 0.56% over a month. Three-month performance dropped to -18.91% while six-month performance fell -1.78%. The stock gained 37.65% in the past year, while it has lost -4.93% so far this year. A look at the trailing 12-month EPS for SLG yields 0.05 with Next year EPS estimates of -1.20. For the next quarter, that number is -0.44. This implies an EPS growth rate of -1787.91% for this year and 10.88% for next year.
Float and Shares Shorts:
At present, 71.10 million SLG shares are outstanding with a float of 70.94 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for SLG since 10 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.2924 being high and -$0.30641 being low. For SLG, this leads to a yearly average estimate of -$0.30291. Based on analyst estimates, the high estimate for the next quarter is -$0.26 and the low estimate is -$0.26. The average estimate for the next quarter is thus -$0.26.
