8,197 Shares in SL Green Realty Corp. (NYSE:SLG) Purchased by 111 Capital

111 Capital purchased a new stake in SL Green Realty Corp. (NYSE:SLG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 8,197 shares of the real estate investment trust's stock, valued at approximately $557,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC increased its holdings in shares of SL Green Realty by 304.8% during the third quarter. Barclays PLC now owns 110,866 shares of the real estate investment trust's stock valued at $7,718,000 after acquiring an additional 83,478 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of SL Green Realty by 23.2% during the fourth quarter. Janney Montgomery Scott LLC now owns 65,933 shares of the real estate investment trust's stock valued at $4,478,000 after acquiring an additional 12,424 shares in the last quarter. 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 acquiring an additional 857 shares in the last quarter. KBC Group NV increased its holdings in shares of SL Green Realty by 49.5% during the fourth quarter. KBC Group NV now owns 2,763 shares of the real estate investment trust's stock valued at $188,000 after acquiring an additional 915 shares in the last quarter. Finally, Caprock Group LLC bought a new stake in SL Green Realty during the fourth quarter worth $319,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Piper Sandler decreased their price target on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Truist Financial decreased their price target on SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a report on Wednesday, April 23rd. Wall Street Zen downgraded SL Green Realty from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. 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 price target for the company. Finally, Wells Fargo & Company decreased their price target on SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, SL Green Realty has a consensus rating of "Hold" and a consensus price target of $66.33.

SL Green Realty Stock Performance

Shares of NYSE SLG traded up $0.55 during trading on Monday, reaching $57.32. 552,206 shares of the stock traded hands, compared to its average volume of 840,514. SL Green Realty Corp. has a 52-week low of $45.15 and a 52-week 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 company has a 50-day moving average of $54.58 and a 200-day moving average of $62.62. The stock has a market capitalization of $4.09 billion, a P/E ratio of 716.44, 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 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 analysts' expectations of $158.44 million. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. Analysts forecast that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be issued a dividend of $0.2575 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.03 dividend on an annualized basis and a yield of 1.80%. SL Green Realty's dividend payout ratio (DPR) is -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.