Strs Ohio Has $7.70 Million Position in SL Green Realty Corporation $SLG

Strs Ohio boosted its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 6.0% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 208,300 shares of the real estate investment trust’s stock after purchasing an additional 11,800 shares during the quarter. Strs Ohio owned about 0.29% of SL Green Realty worth $7,695,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Triumph Capital Management bought a new position in shares of SL Green Realty in the third quarter valued at approximately $45,000. Davis Capital Management acquired a new position in SL Green Realty in the 1st quarter valued at $46,000. Fourth Dimension Wealth LLC grew its stake in SL Green Realty by 45.5% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 500 shares during the last quarter. Hantz Financial Services Inc. raised its holdings in SL Green Realty by 30.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 378 shares during the period. Finally, Fifth Third Bancorp raised its holdings in SL Green Realty by 255.2% in the 4th quarter. Fifth Third Bancorp now owns 2,540 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 1,825 shares during the period. Institutional investors own 89.96% of the company’s stock.

SL Green Realty Trading Down 0.1%

Shares of SLG opened at $53.38 on Monday. The stock’s 50-day moving average price is $46.76 and its 200 day moving average price is $43.60. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of -21.26 and a beta of 1.58. SL Green Realty Corporation has a 12-month low of $34.77 and a 12-month high of $66.29.

SL Green Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, June 30th. SL Green Realty’s dividend payout ratio is presently -98.41%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Piper Sandler decreased their price target on shares of SL Green Realty from $60.00 to $50.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Wells Fargo & Company lifted their price objective on SL Green Realty from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. Citigroup decreased their target price on SL Green Realty from $55.00 to $45.00 and set a “buy” rating for the company in a research note on Tuesday, March 24th. Scotiabank reaffirmed an “outperform” rating on shares of SL Green Realty in a report on Thursday, May 21st. Finally, Weiss Ratings raised SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, SL Green Realty has a consensus rating of “Hold” and an average price target of $50.90.

SL Green Realty 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.