Barclays PLC Has $8.52 Million Stock Position in SL Green Realty Corp. (NYSE:SLG)

Barclays PLC increased its stake in SL Green Realty Corp. (NYSE:SLG - Free Report) by 13.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 125,478 shares of the real estate investment trust's stock after buying an additional 14,612 shares during the period. Barclays PLC owned 0.19% of SL Green Realty worth $8,522,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SLG. Jones Financial Companies Lllp purchased a new position in SL Green Realty during the fourth quarter valued at approximately $39,000. Quadrant Capital Group LLC boosted its position in SL Green Realty by 37.4% during the fourth quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 208 shares in the last quarter. Versant Capital Management Inc raised its holdings 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 purchasing an additional 157 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of SL Green Realty in the 4th quarter valued at about $88,000. Finally, FIL Ltd grew its position in shares of SL Green Realty by 53.3% in the 4th quarter. FIL Ltd now owns 1,582 shares of the real estate investment trust's stock worth $107,000 after buying an additional 550 shares during the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on SLG. Mizuho increased their price objective on shares of SL Green Realty from $45.00 to $67.00 and gave the company a "neutral" rating in a research report on Tuesday, January 7th. Bank of America cut their price objective on SL Green Realty from $80.00 to $73.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Jefferies Financial Group assumed coverage on SL Green Realty in a report on Monday, March 17th. They set a "hold" rating and a $58.00 target price for the company. 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, Piper Sandler dropped their price objective on shares of SL Green Realty from $90.00 to $72.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $68.13.

SL Green Realty Price Performance

Shares of NYSE SLG traded down $1.35 during midday trading on Tuesday, reaching $52.92. 76,166 shares of the company traded hands, compared to its average volume of 847,395. The stock's 50-day simple moving average is $56.70 and its 200-day simple moving average is $66.19. 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 Corp. has a 12 month low of $45.15 and a 12 month high of $82.81. The firm has a market cap of $3.77 billion, a PE ratio of 661.75, 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, April 16th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.13. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. The business had revenue of $144.52 million for the quarter, compared to analyst estimates of $158.44 million. As a group, equities analysts anticipate that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a $0.2575 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.03 annualized dividend and a dividend yield of 1.95%. SL Green Realty's dividend payout ratio is presently -735.71%.

SL Green Realty Profile

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.