SL Green Realty Corporation (SLG): Today's Featured Real Estate Winner

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

SL Green Realty Corporation ( SLG) pushed the Real Estate industry higher today making it today's featured real estate winner. The industry as a whole was unchanged today. By the end of trading, SL Green Realty Corporation rose 94 cents (1.1%) to $83.87 on average volume. Throughout the day, 585,681 shares of SL Green Realty Corporation exchanged hands as compared to its average daily volume of 607,300 shares. The stock ranged in a price between $82.48-$83.99 after having opened the day at $83 as compared to the previous trading day's close of $82.93. Other companies within the Real Estate industry that increased today were: Altisource Residential Corporation ( RESI), up 33.8%, Homex Development ( HXM), up 13.6%, China HGS Real Estate ( HGSH), up 13.3%, and IFM Investments ( CTC), up 6.5%.
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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 $7.55 billion and is part of the financial sector. The company has a P/E ratio of 70.7, above the S&P 500 P/E ratio of 17.7. Shares are up 8.2% year to date as of the close of trading on Tuesday. Currently there are seven analysts that rate SL Green Realty Corporation a buy, one analyst rates it a sell, and seven rate it a hold.

TheStreet Ratings rates SL Green Realty Corporation as a buy. The company's strengths can be seen in multiple areas, such as its increase in stock price during the past year, increase in net income, revenue growth and reasonable valuation levels. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity.

On the negative front, Income Opportunity Realty Investors ( IOT), down 7.8%, Elbit Imaging ( EMITF), down 7.5%, ZipRealty ( ZIPR), down 6.5%, and Walker & Dunlop ( WD), down 6.3%, were all laggards within the real estate industry with American Tower ( AMT) being today's real estate industry laggard.

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 ( IYR) while those bearish on the real estate industry could consider ProShares Short Real Estate Fund ( REK).

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