Asset Management One Co. Ltd. cut its stake in shares of SL Green Realty Corporation (NYSE:SLG – Free Report) by 0.8% during the 1st quarter, HoldingsChannel reports. The firm owned 102,925 shares of the real estate investment trust’s stock after selling 786 shares during the period. Asset Management One Co. Ltd.’s holdings in SL Green Realty were worth $5,939,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SLG. Walleye Capital LLC acquired a new stake in SL Green Realty in the fourth quarter valued at approximately $857,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of SL Green Realty by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,428,008 shares of the real estate investment trust’s stock valued at $96,990,000 after acquiring an additional 159,870 shares in the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of SL Green Realty during the 4th quarter valued at $1,832,000. Thrivent Financial for Lutherans grew its position in SL Green Realty by 13.5% during the 4th quarter. Thrivent Financial for Lutherans now owns 57,780 shares of the real estate investment trust’s stock worth $3,924,000 after acquiring an additional 6,882 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in SL Green Realty by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 10,830,293 shares of the real estate investment trust’s stock worth $735,594,000 after purchasing an additional 564,822 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.
SL Green Realty Price Performance
Shares of NYSE SLG opened at $61.88 on Friday. The company has a market capitalization of $4.41 billion, a PE ratio of -147.34 and a beta of 1.66. The company has a quick ratio of 2.85, a current ratio of 2.85 and a debt-to-equity ratio of 0.99. SL Green Realty Corporation has a twelve month low of $45.15 and a twelve month high of $82.81. The firm has a fifty day simple moving average of $58.60 and a 200 day simple moving average of $60.96.
SL Green Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.2575 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.03 annualized dividend and a yield of 1.66%. SL Green Realty’s dividend payout ratio is currently -735.71%.
Wall Street Analyst Weigh In
Several equities analysts have commented on the company. Wells Fargo & Company dropped their target price on SL Green Realty from $69.00 to $58.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of SL Green Realty in a report on Friday, May 23rd. Wall Street Zen cut shares of SL Green Realty from a “hold” rating to a “sell” rating in a research report on Saturday, May 24th. Evercore ISI raised shares of SL Green Realty from an “in-line” rating to an “outperform” rating and dropped their price target for the company from $74.00 to $73.00 in a research note on Monday, March 17th. Finally, Barclays reduced their price objective on shares of SL Green Realty from $76.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 30th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, SL Green Realty presently has an average rating of “Hold” and an average target price of $66.33.
Check Out Our Latest Stock Analysis on SL Green Realty
SL Green Realty Company Profile
3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.
Read More
- Five stocks we like better than SL Green Realty
- Where Do I Find 52-Week Highs and Lows?
- Apple: The Mag 7’s Dead Money Stock or AI Cash Cow in the Making?
- What Investors Must Know About Over-the-Counter (OTC) Stocks
- Value Alert: 3 High-Yield Stocks Trading at 52-Week Lows
- Diversification Can Smooth Returns And Mitigate Portfolio Risk
- Nektar Jumps 157% on Drug Trial Data—Can It Go Even Higher?
Want to see what other hedge funds are holding SLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SL Green Realty Corporation (NYSE:SLG – Free Report).
Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.