SL Green Realty Corporation $SLG Shares Acquired by Northwestern Mutual Wealth Management Co.

Northwestern Mutual Wealth Management Co. grew its holdings in SL Green Realty Corporation (NYSE:SLG) by 26,799.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 33,624 shares of the real estate investment trust’s stock after buying an additional 33,499 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SL Green Realty were worth $1,542,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of SLG. M&T Bank Corp acquired a new stake in shares of SL Green Realty in the fourth quarter valued at about $43,201,000. Hudson Bay Capital Management LP raised its position in shares of SL Green Realty by 51.6% in the third quarter. Hudson Bay Capital Management LP now owns 1,460,373 shares of the real estate investment trust’s stock valued at $87,345,000 after buying an additional 497,040 shares during the last quarter. Balyasny Asset Management L.P. raised its position in shares of SL Green Realty by 663.4% in the second quarter. Balyasny Asset Management L.P. now owns 513,556 shares of the real estate investment trust’s stock valued at $31,789,000 after buying an additional 446,283 shares during the last quarter. BROOKFIELD Corp ON acquired a new stake in shares of SL Green Realty in the second quarter valued at about $18,695,000. Finally, Clough Capital Partners L P acquired a new stake in SL Green Realty during the second quarter worth about $11,146,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Trading Up 2.9%

NYSE SLG opened at $45.39 on Thursday. The firm has a 50 day simple moving average of $40.85 and a 200-day simple moving average of $42.90. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.03 and a current ratio of 3.03. SL Green Realty Corporation has a one year low of $34.77 and a one year high of $66.91. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of -18.08 and a beta of 1.60.

SL Green Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.6175 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.47 annualized dividend and a dividend yield of 5.4%. SL Green Realty’s dividend payout ratio (DPR) is presently -98.41%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SLG shares. Zacks Research upgraded shares of SL Green Realty from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Morgan Stanley cut their price objective on shares of SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Barclays cut their price objective on shares of SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. JPMorgan Chase & Co. raised their price objective on shares of SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Raymond James Financial set a $44.00 price objective on shares of SL Green Realty in a research report on Tuesday, February 3rd. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, SL Green Realty currently has an average rating of “Hold” and an average target price of $51.20.

SL Green Realty Company Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.