SL Green Realty Corp (SLG) Releases Earnings Results, Beats Expectations By $0.19 EPS

SL Green Realty Corp (SLG) reported quarterly earnings results on Wednesday, Apr-20-2016. The company said it had a profit of $1.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.19. Analysts had a consensus of $1.66. The company posted revenue of $455.44 million in the period, compared to analysts expectations of $371.62 million. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on SL Green Realty Corp. SL Green Realty Corp was Upgraded by Credit Suisse to ” Neutral” on Apr 12, 2016. SL Green Realty Corp was Upgraded by Goldman to ” Neutral” on Feb 19, 2016. SL Green Realty Corp was Upgraded by Sun Trust Rbsn Humphrey to ” Buy” on Jan 22, 2016.

SL Green Realty Corp opened for trading at $99.85 and hit $101.22 on the upside on Monday, eventually ending the session at $101.21, with a gain of 0.74% or 0.74 points. The heightened volatility saw the trading volume jump to 9,15,127 shares. Company has a market cap of $10,127 M.

In a different news, on Feb 26, 2016, Craig M Hatkoff (director) sold 2,950 shares at $88.36 per share price. According to the SEC, on Dec 24, 2015, Marc Holliday (Chief Executive Officer) sold 69,356 shares at $110.74 per share price. On May 11, 2015, Edwin T Iii Burton (director) sold 3,500 shares at $121.01 per share price, according to the Form-4 filing with the securities and exchange commission.

SL Green Realty Corp. is a self-managed real estate investment trust or REIT with in-house capabilities in property management acquisitions and dispositions financing development and redevelopment construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area primarily in midtown Manhattan. The Company also manages an approximately 336201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

SL Green Realty Corp

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