SL Green Stock To Go Ex-dividend Tomorrow (SLG)

NEW YORK ( TheStreet) -- The ex-dividend date for SL Green Realty Corporation (NYSE: SLG) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $77.75 as of 9:30 a.m. ET, the dividend yield is 1.3%.

The average volume for SL Green has been 841,400 shares per day over the past 30 days. SL Green has a market cap of $6.33 billion and is part of the financial sector and real estate industry. Shares are up 16.5% year to date as of the close of trading on Monday.

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 company has a P/E ratio of 11.4, above the average real estate industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates SL Green as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, reasonable valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and feeble growth in the company's earnings per share. You can view the full SL Green Ratings Report.

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