Trade-Ideas: SL Green Realty (SLG) Is Today's Post-Market Leader Stock
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.
Trade-Ideas LLC identified
(
) as a post-market leader candidate. In addition to specific proprietary factors, Trade-Ideas identified SL Green Realty as such a stock due to the following factors:
- SLG has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $77.7 million.
- SLG is up 2% today from today's close.
EXCLUSIVE OFFER: Get the inside scoop on opportunities in SLG with the Ticky from Trade-Ideas. See the FREE profile for SLG NOW at Trade-Ideas
More details on SLG:
SL Green Realty Corp. is a real estate investment trust (REIT). The firm engages in the property management, acquisitions, financing, development, construction, and leasing. It also provides tenant services to its clients. The firm invests in real estate markets of the United States. The stock currently has a dividend yield of 1.9%. SLG has a PE ratio of 57.1. Currently there are 6 analysts that rate SL Green Realty a buy, no analysts rate it a sell, and 8 rate it a hold.
The average volume for SL Green Realty has been 620,100 shares per day over the past 30 days. SL Green has a market cap of $12.2 billion and is part of the financial sector and real estate industry. The stock has a beta of 0.77 and a short float of 5.9% with 7.04 days to cover. Shares are up 7% year-to-date as of the close of trading on Thursday.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
Analysis:
rates SL Green Realty as a
. The company's strengths can be seen in multiple areas, such as its solid stock price performance, compelling growth in net income, revenue growth, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
Highlights from the ratings report include:
- Compared to its closing price of one year ago, SLG's share price has jumped by 27.98%, exceeding the performance of the broader market during that same time frame. Turning to the future, naturally, any stock can fall in a major bear market. However, in almost any other environment, the stock should continue to move higher despite the fact that it has already enjoyed nice gains in the past year.
- The net income growth from the same quarter one year ago has greatly exceeded that of the S&P 500, but is less than that of the Real Estate Investment Trusts (REITs) industry average. The net income increased by 48.0% when compared to the same quarter one year prior, rising from $41.43 million to $61.32 million.
- Despite its growing revenue, the company underperformed as compared with the industry average of 9.9%. Since the same quarter one year prior, revenues slightly increased by 3.0%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
- The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Real Estate Investment Trusts (REITs) industry and the overall market on the basis of return on equity, SL GREEN REALTY CORP underperformed against that of the industry average and is significantly less than that of the S&P 500.
- You can view the full SL Green Realty Ratings Report.
EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he thinks could be potential winners. Click here to see his holdings for 14-days FREE.
null