Wells Fargo & Company MN Grows Stock Position in SL Green Realty Corp. (NYSE:SLG)

Wells Fargo & Company MN grew its holdings in SL Green Realty Corp. ( NYSE:SLG – Free Report ) by 5.9% in the 4th quarter, according to the company in its most recent filing with the SEC.

The firm owned 156,047 shares of the real estate investment trust’s stock after buying an additional 8,664 shares during the quarter. Wells Fargo & Company MN’s holdings in SL Green Realty were worth $10,599,000 at the end of the most recent quarter. A number of other hedge funds have also added to or reduced their stakes in the stock.



Jones Financial Companies Lllp purchased a new position in SL Green Realty during the fourth quarter valued at $39,000. Versant Capital Management Inc raised its position in SL Green Realty by 17.7% in the fourth quarter.

Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 157 shares during the period. Summit Securities Group LLC purchased a new position in shares of SL Green Realty during the 4th quarter valued at about $88,000. Blue Trust Inc.

raised its position in shares of SL Green Realty by 106.3% during the 4th quarter. Blue Trust Inc.

now owns 1,663 shares of the real estate investment trust’s stock valued at $116,000 after purchasing an additional 857 shares during the period. Finally, Game Plan Financial Advisors LLC purchased a new stake in shares of SL Green Realty during the fourth quarter worth about $149,000. 89.

96% of the stock is owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several equities analysts have weighed in on the company. Evercore ISI upgraded SL Green Realty from an “in-line” rating to an “outperform” rating and cut their price target for the company from $74.

00 to $73.00 in a report on Monday, March 17th. Barclays lowered their target price on SL Green Realty from $78.

00 to $76.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price objective on SL Green Realty from $76.

00 to $69.00 and set an “equal weight” rating for the company in a research note on Monday, February 3rd. Scotiabank cut 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 report on Friday, February 28th. Finally, Morgan Stanley increased their price objective on shares of SL Green Realty from $52.

00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company.

According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.87.

SL Green Realty Price Performance Shares of NYSE SLG opened at $52.40 on Thursday. SL Green Realty Corp.

has a 12 month low of $45.15 and a 12 month high of $82.81.

The company has a debt-to-equity ratio of 0.90, a current ratio of 2.89 and a quick ratio of 2.

58. The firm’s 50 day simple moving average is $58.57 and its 200-day simple moving average is $67.

03. The stock has a market capitalization of $3.74 billion, a price-to-earnings ratio of 655.

00, a PEG ratio of 5.30 and a beta of 1.61.

SL Green Realty ( NYSE:SLG – Get Free Report ) last issued its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that SL Green Realty Corp.

will post 5.43 EPS for the current year. SL Green Realty Increases Dividend The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th.

Shareholders of record on Monday, March 31st were paid a dividend of $0.2575 per share. The ex-dividend date of this dividend was Monday, March 31st.

This is an increase from SL Green Realty’s previous quarterly dividend of $0.25. This represents a $1.

03 dividend on an annualized basis and a yield of 1.97%. SL Green Realty’s payout ratio is 3,862.

50%. Insider Activity In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of the firm’s stock in a transaction on Friday, January 24th.

The stock was sold at an average price of $66.30, for a total value 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink . Corporate insiders own 5.

08% of the company’s stock. 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 34.4 million square feet. Read More 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.

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