Centiva Capital LP Trims Holdings in SL Green Realty Corp. (NYSE:SLG)

Centiva Capital LP trimmed its position in SL Green Realty Corp. (NYSE:SLG - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,516 shares of the real estate investment trust's stock after selling 9,096 shares during the period. Centiva Capital LP's holdings in SL Green Realty were worth $307,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of SL Green Realty during the fourth quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its stake in SL Green Realty by 37.4% in the fourth quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 208 shares during the last quarter. Summit Securities Group LLC bought a new position in SL Green Realty in the 4th quarter worth approximately $88,000. FIL Ltd increased its holdings in shares of SL Green Realty by 53.3% during the fourth quarter. FIL Ltd now owns 1,582 shares of the real estate investment trust's stock valued at $107,000 after purchasing an additional 550 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of SL Green Realty by 106.3% during the fourth 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. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

SL Green Realty Stock Performance

SL Green Realty stock opened at $59.10 on Tuesday. The business's 50-day moving average price is $54.99 and its two-hundred day moving average price is $64.78. SL Green Realty Corp. has a 12-month low of $45.15 and a 12-month high of $82.81. The stock has a market cap of $4.21 billion, a PE ratio of 738.80, a P/E/G ratio of 5.30 and a beta of 1.59. The company has a quick ratio of 2.58, a current ratio of 2.89 and a debt-to-equity ratio of 0.90.

SL Green Realty (NYSE:SLG - Get Free Report) last announced its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.27 by $0.13. The firm had revenue of $144.52 million for the quarter, compared to analyst estimates of $158.44 million. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. As a group, analysts expect 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 disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a dividend of $0.2575 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.03 annualized dividend and a dividend yield of 1.74%. SL Green Realty's dividend payout ratio is -735.71%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SLG shares. Bank of America lowered their target price 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. 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 report on Monday, February 3rd. Morgan Stanley boosted their price target 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. Truist Financial lowered their price target on SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Finally, Piper Sandler decreased their target price on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Two equities research 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $67.07.

About SL Green Realty

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.

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