1 week Ago By ABMN Staff
California Public Employees Retirement System grew its holdings in shares of SL Green Realty Corp. ( NYSE:SLG – Free Report ) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission.
The fund owned 127,159 shares of the real estate investment trust’s stock after buying an additional 2,834 shares during the period. California Public Employees Retirement System owned 0.19% of SL Green Realty worth $8,637,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of SL Green Realty by 17.7% during the fourth quarter.
Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 157 shares during the period. MML Investors Services LLC increased its stake in SL Green Realty by 2.7% in the 3rd quarter.
MML Investors Services LLC now owns 6,138 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 161 shares in the last quarter. GAMMA Investing LLC increased its position in shares of SL Green Realty by 5.1% in the fourth quarter.
GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust’s stock worth $285,000 after acquiring an additional 203 shares in the last quarter. Natixis Advisors LLC raised its stake in SL Green Realty by 1.3% during the 4th quarter.
Natixis Advisors LLC now owns 21,820 shares of the real estate investment trust’s stock valued at $1,482,000 after purchasing an additional 284 shares during the period. Finally, Ieq Capital LLC increased its holdings in shares of SL Green Realty by 9.3% in the 4th quarter.
Ieq Capital LLC now owns 4,542 shares of the real estate investment trust’s stock valued at $308,000 after purchasing an additional 387 shares during the period. Institutional investors own 89.96% of the company’s stock.
SL Green Realty Stock Down 4.0 % NYSE SLG opened at $50.59 on Monday.
The stock has a fifty day moving average of $61.66 and a 200-day moving average of $68.39.
The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.58 and a current ratio of 2.
89. The stock has a market capitalization of $3.61 billion, a P/E ratio of 632.
38, a price-to-earnings-growth ratio of 5.30 and a beta of 1.61.
SL Green Realty Corp. has a 52 week low of $47.22 and a 52 week high of $82.
81. SL Green Realty Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.
2575 per share. This is a boost from SL Green Realty’s previous quarterly dividend of $0.25.
The ex-dividend date is Monday, March 31st. This represents a $1.03 annualized dividend and a dividend yield of 2.
04%. SL Green Realty’s payout ratio is presently 3,862.50%.
Wall Street Analysts Forecast Growth SLG has been the topic of a number of recent research reports. Morgan Stanley boosted their target price on SL Green Realty from $52.00 to $55.
00 and gave the company an “equal weight” rating in a research note on Wednesday, March 12th. Jefferies Financial Group initiated coverage on shares of SL Green Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $58.
00 target price on the stock. Mizuho lifted their price target 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. Scotiabank cut their price objective on shares of SL Green Realty from $81.00 to $75.
00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Truist Financial lifted their price objective on SL Green Realty from $61.00 to $62.
00 and gave the company a “hold” rating in a report on Monday, January 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.
com, SL Green Realty currently has a consensus rating of “Hold” and an average price target of $69.87. View Our Latest Research Report on SLG Insider Activity In other SL Green Realty news, Director Craig M.
Hatkoff sold 3,455 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $66.30, for a total value of $229,066.
50. Following the transaction, the director now owns 2,052 shares of the company’s stock, valued at approximately $136,047.60.
This represents a 62.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website .
5.08% of the stock is currently owned by company insiders. About SL Green Realty ( 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 Articles 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 ).
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