SL Green (SLG) has been on a downward spiral lately with significant selling pressure. After declining 12.3% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.How to Determine if a Stock is OversoldWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock i ...

The U.S. office real estate market is likely poised for a turnaround story in 2025. With the U.S. economy on a strong footing and interest rates easing though lower than anticipated, the demand for premium office spaces is on the rise. Return-to-office mandates are influencing this trend all the more. The downtick in prime office supply is ever-welcoming.The above conducive factors draw our attention to two office REITs — SL Green Realty (SLG) and Vornado Realty Trust (VNO) . Before diving deep into the fun ...

A downtrend has been apparent in SL Green (SLG) lately with too much selling pressure. The stock has declined 11.2% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Here is How to Spot Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spottin ...

NEW YORK, Dec. 19, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan’s largest office landlord, today announced that it will release its earnings for the fourth quarter of 2024 on Wednesday, January 22, 2025 after market close. The Company's executive management team, led by Marc Holliday, Chairman and Chief Executive Officer, will host a conference call and audio webcast on Thursday, January 23, 2025 at 2:00pm ET to discuss the financial results. Simultaneous with the earnings release, ...

SL Green Realty Corp. (SLG) has a portfolio of high-quality and well-amenitized office properties in New York City, which positions it well for growth.This office real estate investment trust (REIT) primarily acquires, manages, develops and leases commercial (mainly office) and residential real estate properties. It has been witnessing healthy demand for its properties amid the growing need for premier office spaces.Shares of this Zacks Rank #2 (Buy) company have rallied 31.3% over the past six months, outp ...

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. The investor has been ranked among the world’s largest institutional investors that manages public and parapublic pension plans and insurance programs. “A world class investor and the ideal anchor has been secured for the SLG Opportunistic Debt Fund,” ...

SL Green Realty Corp. (SLG) , Manhattan’s largest office landlord, has reinforced its dominance in New York City’s premium office market by entering into a contract to acquire 500 Park Avenue for $130 million. This iconic 11-story Class A office building, designed by Skidmore, Owings & Merrill (SOM), is a strategic addition to SL Green’s portfolio in the highly coveted Park Avenue corridor.Located at the corner of 59th Street and Park Avenue, 500 Park Avenue is steeped in history, originally serving as Peps ...

I analyze oil and gas companies, related companies, and SL Green in my service, Oil & Gas Value Research, where I look for undervalued names in the oil and gas space. I break down everything you need to know about these companies -- the balance sheet, competitive position and development prospects. This article is an example of what I do. But for Oil & Gas Value Research members, they get it first and they get analysis on some companies that is not published on the free site. Interested? Sign up here for a ...

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (the “Company”) (NYSE: SLG) announced today that it priced an underwritten public offering of 5,063,291 shares of its common stock, par value $0.01 per share (the “Common Stock”), at a price to the public of $79.00 per share. In connection with the offering, the Company has granted the underwriters an option to purchase up to an additional 759,493 shares of Common Stock during the next 30 days. The offering is expected to close on November 25 ...

NEW YORK, Nov. 21, 2024 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (the “Company”) (NYSE: SLG) announced today the commencement of an underwritten public offering of $400,000,000.00 of shares of its common stock, par value $0.01 per share (the “Common Stock”). In connection with the offering, the Company intends to grant the underwriters an option for 30 days to purchase up to an additional $60,000,000.00 of shares of Common Stock. The Company intends to use net proceeds from the offering for general corpora ...