Centersquare Investment Management LLC Takes $30.75 Million Position in SL Green Realty Corporation $SLG

Centersquare Investment Management LLC acquired a new stake in SL Green Realty Corporation (NYSE:SLG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 670,360 shares of the real estate investment trust’s stock, valued at approximately $30,749,000. Centersquare Investment Management LLC owned 0.94% of SL Green Realty as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SLG. Triumph Capital Management acquired a new stake in shares of SL Green Realty during the 3rd quarter worth about $45,000. State of Wyoming acquired a new stake in shares of SL Green Realty during the 3rd quarter worth about $68,000. Fourth Dimension Wealth LLC raised its position in shares of SL Green Realty by 45.5% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 500 shares in the last quarter. Hantz Financial Services Inc. raised its position in shares of SL Green Realty by 252.9% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,235 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 885 shares in the last quarter. Finally, Jones Financial Companies Lllp raised its position in shares of SL Green Realty by 107.8% during the 3rd quarter. Jones Financial Companies Lllp now owns 1,644 shares of the real estate investment trust’s stock worth $98,000 after acquiring an additional 853 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Ratings Changes

SLG has been the topic of several research analyst reports. Scotiabank reissued an “outperform” rating on shares of SL Green Realty in a research report on Thursday, May 21st. Barclays cut their target price on SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Zacks Research raised SL Green Realty from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Citigroup cut their target price on SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Finally, Truist Financial raised their target price on SL Green Realty from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.90.

SL Green Realty Price Performance

Shares of NYSE SLG opened at $51.25 on Friday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty Corporation has a twelve month low of $34.77 and a twelve month high of $66.37. The stock has a 50 day moving average of $43.06 and a two-hundred day moving average of $42.92. The stock has a market cap of $3.66 billion, a P/E ratio of -20.42 and a beta of 1.61.

SL Green Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a dividend of $0.6175 per share. The ex-dividend date was Tuesday, March 31st. This represents a $2.47 dividend on an annualized basis and a yield of 4.8%. SL Green Realty’s dividend payout ratio is currently -98.41%.

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.