JPMorgan Chase & Co. Sells 329,060 Shares of SL Green Realty Corp. (NYSE:SLG)

JPMorgan Chase & Co. decreased its position in shares of SL Green Realty Corp. ( NYSE:SLG – Free Report ) by 29.

0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 803,737 shares of the real estate investment trust’s stock after selling 329,060 shares during the period. JPMorgan Chase & Co.



owned 1.22% of SL Green Realty worth $54,590,000 at the end of the most recent quarter. Several other large investors have also added to or reduced their stakes in the company.

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of SL Green Realty by 12.

0% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd.

now owns 46,915 shares of the real estate investment trust’s stock valued at $3,194,000 after purchasing an additional 5,037 shares during the period. Prudential Financial Inc. raised its holdings in SL Green Realty by 14.

4% during the fourth quarter. Prudential Financial Inc. now owns 807,806 shares of the real estate investment trust’s stock valued at $54,866,000 after acquiring an additional 101,691 shares during the period.

Vanguard Group Inc. lifted its position in shares of SL Green Realty by 5.5% in the fourth quarter.

Vanguard Group Inc. now owns 10,830,293 shares of the real estate investment trust’s stock valued at $735,594,000 after acquiring an additional 564,822 shares in the last quarter. LPL Financial LLC boosted its stake in shares of SL Green Realty by 4.

7% in the fourth quarter. LPL Financial LLC now owns 18,613 shares of the real estate investment trust’s stock worth $1,264,000 after acquiring an additional 844 shares during the period. Finally, Fox Run Management L.

L.C. grew its position in shares of SL Green Realty by 70.

9% during the fourth quarter. Fox Run Management L.L.

C. now owns 24,296 shares of the real estate investment trust’s stock worth $1,650,000 after purchasing an additional 10,081 shares in the last quarter. Hedge funds and other institutional investors own 89.

96% of the company’s stock. Analysts Set New Price Targets A number of research firms recently commented on SLG. JPMorgan Chase & Co.

raised SL Green Realty from an “underweight” rating to a “neutral” rating and boosted their price target for the stock from $51.00 to $80.00 in a report on Tuesday, December 10th.

Wells Fargo & Company lowered their target price on SL Green Realty from $76.00 to $69.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd.

Scotiabank reduced their price target on shares of SL Green Realty from $81.00 to $75.00 and set a “sector perform” rating on the stock in a research report on Friday, February 28th.

Evercore ISI upgraded shares of SL Green Realty from an “in-line” rating to an “outperform” rating and lowered their price objective for the company from $74.00 to $73.00 in a research report on Monday, March 17th.

Finally, Morgan Stanley boosted their target price on shares of SL Green Realty from $52.00 to $55.00 and gave the stock an “equal weight” rating in a report on Wednesday, March 12th.

Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $69.

87. Insider Activity at SL Green Realty In related news, Director Craig M. Hatkoff sold 3,455 shares of SL Green Realty stock in a transaction that occurred on Friday, January 24th.

The shares were sold at an average price of $66.30, for a total value of $229,066.50.

Following the completion of the sale, the director now directly owns 2,052 shares in the company, valued at $136,047.60. This trade represents a 62.

74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link . 5.

08% of the stock is currently owned by corporate insiders. SL Green Realty Stock Down 4.0 % Shares of NYSE SLG opened at $50.

59 on Friday. SL Green Realty Corp. has a 52-week low of $47.

22 and a 52-week high of $82.81. The firm has a market capitalization of $3.

61 billion, a price-to-earnings ratio of 632.38, a PEG ratio of 5.30 and a beta of 1.

82. The stock has a 50 day moving average price of $61.66 and a 200 day moving average price of $68.

42. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.

58 and a current ratio of 2.89. SL Green Realty ( NYSE:SLG – Get Free Report ) last announced its quarterly earnings results on Wednesday, January 22nd.

The real estate investment trust reported $1.45 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $1.

90. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.

10%. Sell-side analysts expect that SL Green Realty Corp. will post 5.

43 earnings per share for the current year. SL Green Realty Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.

2575 dividend. This is a positive change from SL Green Realty’s previous quarterly dividend of $0.25.

This represents a $1.03 annualized dividend and a yield of 2.04%.

The ex-dividend date is Monday, March 31st. SL Green Realty’s payout ratio is currently 3,862.50%.

SL Green Realty Profile ( Free Report ) 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.

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