1 day Ago By ABMN Staff
Sei Investments Co. boosted its stake in shares of SL Green Realty Corp. ( NYSE:SLG – Free Report ) by 69.
4% during the fourth quarter, Holdings Channel.com reports. The firm owned 84,155 shares of the real estate investment trust’s stock after purchasing an additional 34,483 shares during the quarter.
Sei Investments Co.’s holdings in SL Green Realty were worth $5,716,000 as of its most recent SEC filing. Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLG.
Charles Schwab Investment Management Inc. lifted its position in shares of SL Green Realty by 12.6% during the fourth 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 buying an additional 159,870 shares during the last quarter. Wolverine Asset Management LLC purchased a new stake in SL Green Realty during the fourth quarter valued at approximately $337,000.
Sumitomo Mitsui Trust Group Inc. boosted its stake in SL Green Realty by 8.8% in the fourth quarter.
Sumitomo Mitsui Trust Group Inc. now owns 76,367 shares of the real estate investment trust’s stock valued at $5,187,000 after acquiring an additional 6,158 shares in the last quarter. Asset Management One Co.
Ltd. boosted its stake in SL Green Realty by 10.4% in the fourth quarter.
Asset Management One Co. Ltd. now owns 103,711 shares of the real estate investment trust’s stock valued at $6,870,000 after acquiring an additional 9,753 shares in the last quarter.
Finally, FMR LLC increased its position in shares of SL Green Realty by 69.1% during the third quarter. FMR LLC now owns 58,185 shares of the real estate investment trust’s stock worth $4,050,000 after purchasing an additional 23,780 shares in the last quarter.
Hedge funds and other institutional investors own 89.96% of the company’s stock. Analyst Ratings Changes A number of analysts have recently weighed in on the company.
Mizuho raised their price objective on SL Green Realty from $45.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th.
Bank of America dropped their price target on SL Green Realty from $80.00 to $73.00 and set a “neutral” rating on the stock in a research note on Monday, January 27th.
JPMorgan Chase & Co. upgraded shares of SL Green Realty from an “underweight” rating to a “neutral” rating and upped their price objective for the company from $51.00 to $80.
00 in a report on Tuesday, December 10th. Evercore ISI upgraded shares of SL Green Realty from an “in-line” rating to an “outperform” rating and lowered their target price for the stock from $74.00 to $73.
00 in a research note on Monday, March 17th. Finally, Barclays cut their price target on shares of SL Green Realty from $78.00 to $76.
00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, SL Green Realty currently has an average rating of “Hold” and a consensus price target of $69.
87. SL Green Realty Trading Up 0.5 % NYSE SLG opened at $57.
96 on Wednesday. The company has a fifty day moving average of $62.41 and a 200 day moving average of $68.
75. The company has a market capitalization of $4.13 billion, a PE ratio of 724.
55, a P/E/G ratio of 5.30 and a beta of 1.82.
The company has a debt-to-equity ratio of 0.90, a current ratio of 2.89 and a quick ratio of 2.
58. SL Green Realty Corp. has a 1 year low of $47.
22 and a 1 year high of $82.81. SL Green Realty ( NYSE:SLG – Get Free Report ) last issued its earnings results on Wednesday, January 22nd.
The real estate investment trust reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $1.
90. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.
48%. Research analysts forecast 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. Investors of record on Monday, March 31st will be given a dividend of $0.
2575 per share. This represents a $1.03 annualized dividend and a yield of 1.
78%. The ex-dividend date is Monday, March 31st. This is a positive change from SL Green Realty’s previous quarterly dividend of $0.
25. SL Green Realty’s dividend payout ratio (DPR) is currently 3,862.50%.
Insider Buying and Selling at SL Green Realty In other news, Director Craig M. Hatkoff sold 3,455 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $66.
30, for a total transaction of $229,066.50. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website . 5.08% of the stock is owned by corporate insiders.
SL Green Realty Company 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.
4 million square feet. Featured Stories 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 Corp.
( 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 .
.
_8.jpg?itok=wp-xhXRB)
