SL Green Realty Corporation (SLG): Today's Featured Real Estate Laggard
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 or Stephanie Link.
(
) pushed the Real Estate industry lower today making it today's featured Real Estate laggard. The industry as a whole closed the day down 0.2%. By the end of trading, SL Green Realty Corporation fell $0.87 (-1.0%) to $86.52 on average volume. Throughout the day, 728,247 shares of SL Green Realty Corporation exchanged hands as compared to its average daily volume of 807,900 shares. The stock ranged in price between $86.10-$88.24 after having opened the day at $87.32 as compared to the previous trading day's close of $87.39. Other companies within the Real Estate industry that declined today were:
Income Opportunity Realty Investors
(
), down 12.5%,
(
), down 4.7%,
(
TheStreet Recommends
), down 4.6% and
(
), down 4.4%.
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. SL Green Realty Corporation has a market cap of $7.9 billion and is part of the financial sector. Shares are up 14.0% year to date as of the close of trading on Tuesday. Currently there are 8 analysts that rate SL Green Realty Corporation a buy, no analysts rate it a sell, and 7 rate it a hold.
TheStreet Ratings rates
SL Green Realty Corporation
as a
. The company's strongest point has been its very decent return on equity which we feel should persist. At the same time, however, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and poor profit margins.
- You can view the full SL Green Realty Corporation Ratings Report.
On the positive front,
(
), up 19.4%,
(
), up 14.7%,
(
), up 7.6% and
(
), up 7.1% , were all gainers within the real estate industry with
(
) being today's featured real estate industry leader.
- Use our real estate section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the real estate industry could consider
iShares Dow Jones US Real Estate
(
) while those bearish on the real estate industry could consider
ProShares Short Real Estate Fund
(
).
- Find other investment ideas from our top rated ETFs lists.
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