Centiva Capital LP Sells 9,096 Shares of SL Green Realty Corp. (NYSE:SLG)

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

Several other large investors have also recently bought and sold shares of SLG. Balyasny Asset Management L.P. purchased a new position in shares of SL Green Realty in the 4th quarter worth about $29,000,000. BNP Paribas Financial Markets bought a new position in SL Green Realty in the 4th quarter worth $1,832,000. Ameriprise Financial Inc. raised its holdings in SL Green Realty by 49.2% during the fourth quarter. Ameriprise Financial Inc. now owns 300,721 shares of the real estate investment trust's stock valued at $20,437,000 after acquiring an additional 99,167 shares during the period. Algert Global LLC bought a new stake in shares of SL Green Realty in the fourth quarter worth about $399,000. Finally, Alyeska Investment Group L.P. grew its position in SL Green Realty by 30.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,493,208 shares of the real estate investment trust's stock worth $101,419,000 after acquiring an additional 347,608 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Scotiabank reduced 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 note on Friday, February 28th. Morgan Stanley raised their price target on shares of SL Green Realty from $52.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Piper Sandler dropped their price target on shares of SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Barclays lowered their target price on shares of SL Green Realty from $76.00 to $60.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 30th. Finally, Bank of America reduced their target price on shares of SL Green Realty from $80.00 to $73.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued 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 target price of $67.07.

SL Green Realty Stock Performance

Shares of NYSE:SLG traded up $0.83 during midday trading on Friday, reaching $58.84. 814,120 shares of the company's stock traded hands, compared to its average volume of 840,460. 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 50 day moving average of $54.84 and a 200 day moving average of $64.24. The company has a market cap of $4.20 billion, a price-to-earnings ratio of 735.53, a P/E/G ratio of 5.30 and a beta of 1.59. SL Green Realty Corp. has a one year low of $45.15 and a one year high of $82.81.

SL Green Realty (NYSE:SLG - Get Free Report) last released its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 EPS for the quarter, topping the consensus estimate of $1.27 by $0.13. The firm had revenue of $144.52 million during 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, equities research analysts anticipate that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were given a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 1.75%. The ex-dividend date was Wednesday, April 30th. SL Green Realty's dividend payout ratio (DPR) is presently -735.71%.

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.