Deutsche Bank AG Has $154.91 Million Stock Holdings in SL Green Realty Corp. (NYSE:SLG)

Deutsche Bank AG lessened its holdings in SL Green Realty Corp. (NYSE:SLG - Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,280,743 shares of the real estate investment trust's stock after selling 67,069 shares during the quarter. Deutsche Bank AG owned 3.46% of SL Green Realty worth $154,908,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norinchukin Bank The grew its holdings in shares of SL Green Realty by 6.6% in the 4th quarter. Norinchukin Bank The now owns 3,117 shares of the real estate investment trust's stock worth $212,000 after purchasing an additional 192 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in shares of SL Green Realty by 37.4% in the 4th quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 208 shares during the last quarter. Natixis Advisors LLC grew its holdings in shares of SL Green Realty by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 21,820 shares of the real estate investment trust's stock worth $1,482,000 after purchasing an additional 284 shares during the last quarter. Mariner LLC grew its holdings in shares of SL Green Realty by 2.1% in the 4th quarter. Mariner LLC now owns 18,241 shares of the real estate investment trust's stock worth $1,239,000 after purchasing an additional 379 shares during the last quarter. Finally, Ieq Capital LLC lifted its position in SL Green Realty by 9.3% during the 4th quarter. Ieq Capital LLC now owns 4,542 shares of the real estate investment trust's stock worth $308,000 after buying an additional 387 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on SLG shares. Morgan Stanley upped 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 research report on Wednesday, March 12th. Evercore ISI upgraded shares of SL Green Realty from an "in-line" rating to an "outperform" rating and cut their target price for the company from $74.00 to $73.00 in a research report on Monday, March 17th. Jefferies Financial Group assumed coverage on shares of SL Green Realty in a research report on Monday, March 17th. They set a "hold" rating and a $58.00 target price on the stock. Piper Sandler cut their target price on shares of SL Green Realty from $90.00 to $72.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Finally, Barclays cut their target price on shares of SL Green Realty from $76.00 to $60.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 30th. Two investment 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. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $67.07.

SL Green Realty Stock Up 4.3%

NYSE SLG traded up $2.44 during trading hours on Monday, reaching $59.10. 894,652 shares of the company's stock were exchanged, compared to its average volume of 848,737. The company's 50-day moving average is $54.99 and its two-hundred day moving average is $64.78. SL Green Realty Corp. has a one year low of $45.15 and a one year high of $82.81. 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 company has a market capitalization of $4.21 billion, a price-to-earnings ratio of 738.80, a price-to-earnings-growth ratio of 5.30 and a beta of 1.59.

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 for the quarter, topping the consensus estimate of $1.27 by $0.13. The company had revenue of $144.52 million during the quarter, compared to analysts' expectations of $158.44 million. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. On average, analysts forecast that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business 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 $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Wednesday, April 30th. SL Green Realty's payout ratio is presently -735.71%.

SL Green Realty Company 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.