Do I sell all of my $SLG (+0.39%) shares to cop $ARCC (+0.73%) shares? Don’t think slg has much more upside
SL Green RealtyUS78440X8873SLGSLG
Why do I have $SLG (+0.39%) in the portfolio?
SL Green is a stock I found while looking for a Realty Income alternative. Office Reit is of course opposite to the home office trend and also the debt is opposite to good and bad. And there is a clear downward trend the last years. But the management is aware of all this. Offices in Manhattan will, in my opinion, always be in demand (after all, it is Manhattan) and as the largest landlord, they naturally profit from this. In terms of share prices, the interest rate hikes punished the company even more. Thereupon there was a bottoming and a recovery the last few weeks, is in my opinion now fairly valued and think that they will settle there now. Economically, the company is now slowly but surely doing better and especially the cooperation with the casino is a secure source of income in the long term. This makes the share still relatively risky, but even with the sideways run, one makes through the dividend still good yield. In addition, my long investment time equals in my eyes the risk for me to some extent. In my portfolio, SL Green is quite overrepresented and I will not expand the position in any case for the time being.
Would I $SLG (+0.39%) recommend it to anyone now? Not at the current prices, and anyone who can't cope with volatility and turn around, certainly not. In any case, the dividend is juicy and in the event of a correction below €25 (possibly at the next interest rate hike), everyone can consider an entry, because the support at €20 stubbornly holds. In general, there are currently much better opportunities. On the watch list, however, the share can certainly with some.
Can you get in now at this price or will it fall even further? What do you think? The yield would be just really nice ;-) Thank you.
Financials
Market Cap
$4.40B5Y beta
1.83EPS (TTM)
-$2.718Free Float
64.76MRevenue (TTM)
$879.77MEBITDA (TTM)
$283.00MFree Cashflow (TTM)
-$277.74MPricing
Analyst Ratings
The price target is $44.75 and the stock is covered by 17 analysts.
Buy
3
Hold
8
Sell
6
Information
SL Green Realty Corp. is a fully integrated real estate investment trust. The Company is engaged in the ownership, management, operation, acquisition, development, redevelopment and repositioning of commercial real estate properties, principally office properties, located in the New York metropolitan area, principally Manhattan. Its segments include real estate, debt and preferred equity investments, and SUMMIT. Its primary business objective is to maximize the total return to stockholders, through dividends, earnings and asset value appreciation. The Company holds interests in 55 buildings totaling 31.8 million square feet. This included ownership interests in 28.1 million square feet of Manhattan buildings and 2.8 million square feet securing debt and preferred equity investments. Its properties include 1185 Avenue of the Americas, 825 Eighth Avenue, 810 Seventh Avenue, and 555 West 57th Street, 1350 Avenue of the Americas, and 10 East 53rd Street.