With 0.61 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.9 million shares. The 52-week range on SLG shows that it touched its highest point at $82.81 and its lowest point at $45.15 during that stretch. It currently has a 1-year price target of $64.27. With its current market cap of 4.18 billion, SLG has annualized dividend of $3.04 while the current yield stands at 5.52%. Beta for the stock currently stands at 1.66.
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 4.62%, but this was up by 10.23% over a month. Three-month performance dropped to -16.71% while six-month performance fell -26.01%. The stock gained 6.94% in the past year, while it has lost -18.96% so far this year. A look at the trailing 12-month EPS for SLG yields -0.44 with Next year EPS estimates of -1.19. For the next quarter, that number is -0.24. This implies an EPS growth rate of -1560.10% for this year and -1.98% for next year.
Float and Shares Shorts:
At present, 71.02 million SLG shares are outstanding with a float of 70.96 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.
