Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Truist Securities lowered its price target on SL Green Realty (NYSE:SLG) to $54.00 from $58.00 on Tuesday, while maintaining a Hold rating on the stock. The REIT’s stock has experienced significant volatility, with a -28% return over the past year and current market capitalization of $4 billion.
The firm cited declining funds from operations (FFO) estimates for the New York-focused real estate investment trust, noting that SLG’s funds available for distribution per share (FADps) has "significantly declined every year since 2020." According to InvestingPro data, the company’s revenue declined 28% in the last twelve months, with analysts expecting continued challenges ahead.
Truist Securities highlighted that SLG’s FADps is currently "significantly below the dividend payment," which yields approximately 6.0% at current prices. Despite these challenges, InvestingPro analysis shows the company has maintained dividend payments for 29 consecutive years, with the current dividend at $3.09 per share.
The research firm acknowledged management’s strategy of monetizing value by selling full or partial interests in assets after stabilization, as discussed in last week’s conference call.
Truist Securities projects that earnings should improve in 2026 before potential refinancing headwinds weigh on the company in 2027, and noted that consensus net asset value (NAV) has been volatile but has trended downward over the past decade despite a year-to-date increase.
In other recent news, SL Green Realty Corp. reported its third-quarter 2025 earnings, delivering results that exceeded Wall Street expectations. The company achieved an earnings per share (EPS) of $0.34, which was notably higher than the anticipated -$0.34. Additionally, SL Green’s revenue reached $244.82 million, surpassing forecasts of $156.92 million and reflecting a surprise increase of 56.02%. These results highlight a strong financial performance for the quarter. Despite these robust earnings, SL Green’s stock experienced a decline in post-market trading. Investors may find these developments significant as they consider their positions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.