SL Green Realty Corp ($SLG) Stock Forecast: Down 5.2% Today

What is SL Green Realty Corp?

SL Green Realty Corp. (NYSE: SLG) is Manhattan's largest office landlord.

Why is SL Green Realty Corp going down?

SLG stock is down 5.2% on Dec 11, 2024 15:38

• A significant anchor commitment for their Opportunistic Debt Fund was recently announced by SL Green Realty Corp., suggesting a positive long-term outlook for the company.
• Despite this development, the stock saw a notable bearish trend today, which could be attributed to broader market conditions or profit-taking following recent gains.
• It is possible that the announcement's impact was not enough to counterbalance overall market sentiment or external factors affecting the stock's performance.

SLG Price Chart

SLG Technical Analysis

SLG News

This General Motors Analyst Is No Longer Bearish; Here Are Top 5 Upgrades For Tuesday - Ball ( NYSE:BALL ) , General Motors ( NYSE:GM )

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. BMO Capital analyst Fadi Chamoun upgraded the rating for United Parcel Service, Inc.

https://www.benzinga.com/24/12/42410333/this-general-motors-analyst-is-no-longer-bearish-here-are-top-5-upgrades-for-tuesday

SL Green Announces Anchor Commitment for SLG Opportunistic Debt Fund

NEW YORK, Dec. 05, 2024 ( GLOBE NEWSWIRE ) -- SL Green Realty Corp. ( NYSE: SLG ) , Manhattan's largest office landlord, today announced that a Canadian institutional investor has committed to anchor the SLG Opportunistic Debt Fund with a $250.0 million commitment.

https://www.globenewswire.com/news-release/2024/12/05/2992248/0/en/SL-Green-Announces-Anchor-Commitment-for-SLG-Opportunistic-Debt-Fund.html

Trending Today

Binance Coin ($BNB) Crypto Forecast: Up 5.6% Today

Aave ($AAVE) Crypto Forecast: Up 30.1% Today

Chainlink ($LINK) Crypto Forecast: Up 28.4% Today

Solana ($SOL) Crypto Forecast: Up 5.1% Today

XRP ($XRP) Crypto Forecast: Up 5.1% Today

Decentraland ($MANA) Crypto Forecast: Up 13.3% Today

Ondo ($ONDO) Crypto Forecast: Up 12.7% Today

Shiba Inu ($SHIB) Crypto Forecast: Up 8.7% Today

Cardano ($ADA) Crypto Forecast: Up 15.4% Today

Dogecoin ($DOGE) Crypto Forecast: Up 6.6% Today

SL Green Realty Corp Price History

12.08.2024 - SLG Stock was up 7.7%

• The stock of SLG exhibited a strong bullish movement today.
• The anticipation surrounding SLG Green Realty Corp.'s third-quarter financial results could be fueling investor optimism.
• Investors might be looking forward to positive earnings or strategic updates during the scheduled conference call on October 17, 2024.
• The market's response could reflect confidence in the company's capacity to navigate the current real estate environment effectively.

18.08.2024 - SLG Stock was up 5.3%

• SLG exhibited a bullish trend today, possibly influenced by investors seeking reliable income from dividends.
• Monthly dividend stocks list might have enticed investors in search of steady income sources, resulting in heightened interest in SLG stocks.
• The reliable payment of profits to investors via monthly dividends likely enhanced investor trust in SLG's financial robustness and future growth potential.

18.09.2024 - SLG Stock was up 4.0%

• SL Green's Q3 Funds From Operations (FFO) did not meet expectations, although revenues showed improvement compared to the previous year.
• The lower FFO was linked to increased interest expenses, despite positive leasing activity and higher rental property revenues.
• The rise in SLG's stock price today may be a reflection of investors' emphasis on revenue growth rather than the FFO miss, indicating confidence in the company's resilience amidst current market conditions.

11.11.2024 - SLG Stock was down 5.2%

• A significant anchor commitment for their Opportunistic Debt Fund was recently announced by SL Green Realty Corp., suggesting a positive long-term outlook for the company.
• Despite this development, the stock saw a notable bearish trend today, which could be attributed to broader market conditions or profit-taking following recent gains.
• It is possible that the announcement's impact was not enough to counterbalance overall market sentiment or external factors affecting the stock's performance.

10.03.2024 - SLG Stock was down 5.0%

• Large investors have shown a lack of confidence in SL Green Realty, as seen through significant bets on SLG options, indicating a bearish stance on the company's future performance.
• Today's bearish movement in SLG stock may be linked to actions by these major investors who anticipate a decline in the company's value.
• The negative sentiment from institutional or wealthy individual investors likely influenced other market participants to sell off their SLG positions, contributing to the overall bearish trend in the stock.

29.01.2024 - SLG Stock was up 5.8%

• SL Green Realty's stock exhibited a positive movement today, likely influenced by investors anticipating the forthcoming dividend distribution.
• The declaration of a monthly dividend of 25 cents per share by SL Green Realty may have enticed more investors to purchase the stock before the ex-dividend date.
• With the ex-dividend date scheduled for tomorrow, some investors may have hurried to acquire SLG shares today in order to benefit from the dividend payment, leading to the stock's upward movement.
• The dividend announcement underscores SL Green Realty's attractiveness as an investment opportunity for individuals seeking regular dividend payouts from a reputable player in the commercial real estate sector.

17.03.2024 - SLG Stock was up 5.5%

• The bullish movement in SLG's stock price can be attributed to the positive news of the mortgage loan refinancing and mezzanine loan repayment for 280 Park Avenue, showing financial stability and strategic planning by the company.
• The successful modification and extension of loans reflect positively on SLG's financial health and management's ability to navigate complex financial transactions.
• The market's reaction indicates investor confidence in SLG's future prospects and the company's ability to sustain growth in the competitive real estate market.
• The bearish stance taken by some investors on SLG options may be a short-term sentiment that contrasts with the positive long-term outlook portrayed by the recent financial moves, possibly driven by differing investment strategies or risk perceptions.

23.03.2024 - SLG Stock was up 5.2%

• SL Green Realty's stock had a strong bullish movement recently.
• The announcement of a monthly dividend of $0.25 per share of common stock contributed to the positive market sentiment, signaling stability and potential returns for investors.
• The Q1 2024 earnings call transcript highlighted robust leasing activity, potentially boosting investor confidence in the company's performance and future prospects.
• The CEO's remarks on the return of people to offices and the state of the commercial real estate market likely also influenced the bullish movement, showcasing optimism about the company's market position.

28.02.2024 - SLG Stock was up 5.0%

• SL Green Realty Corp. experienced a surprising 17% stock rally today, driven by several factors:
• The unusual options activity, with significant bearish positions taken by investors, indicating a mixed sentiment among large-scale traders.
• The overall positive momentum in the REIT sector, with investors seeking out stocks that have shown strong gains over both short and longer time frames.
• The specific coverage highlighting the stock rally also contributed to increased investor interest and buying activity in SL Green Realty Corp.

14.02.2024 - SLG Stock was down 5.5%

• Despite its strong portfolio and healthy demand for office spaces, SL Green Realty Corp (SLG) experienced a bearish movement today.
• The bearish trend could be attributed to weaker-than-expected results for the fourth quarter, with sales missing market expectations.
• The missed sales figures may have prompted investors to react negatively, resulting in a sell-off of SLG stock.
• SL Green Realty Corp's 6% dividend yield may not have sufficiently offset the disappointment from the earnings report, leading to a decline in the stock price.

11.06.2024 - SLG Stock was up 5.8%

• SL Green (SLG) saw a 24.9% increase year to date due to robust demand for its office properties and diversified tenant base.
• Despite worries about office space oversupply and high interest rates, SL Green has performed well.
• Emphasis on monthly dividend stocks by income-oriented investors may have fueled the positive momentum, as steady cash flow and compound interest attract those seeking regular returns.
• Favorable outlooks from analysts, like a shift in stance from a Bank of America analyst, might have further encouraged investors and influenced SL Green's upward trend.

05.07.2024 - SLG Stock was up 6.3%

• SL Green Realty Corp. extends mortgage on 220 East 42nd Street.
• The extension of the mortgage indicates confidence in the property and potential future returns.
• This news likely boosted investor sentiment, leading to the bullish movement in SLG stock.
• The market is reacting positively to the company's strategic real estate decisions, driving the stock price higher.