Amundi Has $8.04 Million Stake in SL Green Realty Corporation $SLG

Key Points

• Amundi has decreased its stock holdings in SL Green Realty Corporation by 3.6%, now owning 152,461 shares valued at approximately $8 million.
• Several hedge funds have recently increased or established their stakes in SL Green Realty, demonstrating notable interest from institutional investors.
• SL Green Realty has reported earnings of $1.63 per share for the last quarter, surpassing analysts' expectations, while expecting a fiscal year 2025 EPS guidance of 5.650-5.950.

Amundi lessened its position in SL Green Realty Corporation (NYSE:SLG - Free Report) by 3.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,461 shares of the real estate investment trust's stock after selling 5,724 shares during the quarter. Amundi owned about 0.21% of SL Green Realty worth $8,038,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of SLG. Fourth Dimension Wealth LLC bought a new position in shares of SL Green Realty during the 4th quarter worth about $75,000. GF Fund Management CO. LTD. bought a new position in shares of SL Green Realty during the 4th quarter worth about $80,000. State of Wyoming bought a new position in shares of SL Green Realty during the 1st quarter worth about $172,000. KBC Group NV increased its holdings in shares of SL Green Realty by 20.9% during the 1st quarter. KBC Group NV now owns 3,340 shares of the real estate investment trust's stock worth $193,000 after purchasing an additional 577 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its holdings in shares of SL Green Realty by 13.6% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,889 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 466 shares during the period. Institutional investors own 89.96% of the company's stock.

SL Green Realty Price Performance

NYSE:SLG traded down $0.68 on Monday, reaching $64.99. The stock had a trading volume of 1,102,183 shares, compared to its average volume of 884,558. The company has a market capitalization of $4.63 billion, a P/E ratio of -120.35 and a beta of 1.74. SL Green Realty Corporation has a 1-year low of $45.15 and a 1-year high of $82.81. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.98. The stock has a fifty day moving average price of $58.47 and a 200-day moving average price of $57.98.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The real estate investment trust reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.26. The business had revenue of $147.54 million during the quarter, compared to analyst estimates of $171.24 million. SL Green Realty had a negative net margin of 2.21% and a negative return on equity of 1.19%. SL Green Realty's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.05 earnings per share. SL Green Realty has set its FY 2025 guidance at 5.650-5.950 EPS. Research analysts forecast that SL Green Realty Corporation will post 5.43 EPS for the current year.

SL Green Realty Announces Dividend

The company also recently announced a aug 25 dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.2575 dividend. This represents a yield of 543.0%. The ex-dividend date of this dividend is Friday, August 29th. SL Green Realty's dividend payout ratio is presently -572.22%.

Insider Buying and Selling

In other SL Green Realty news, Director Carol N. Brown sold 937 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $63.09, for a total value of $59,115.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.04% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on SLG. Citigroup upgraded shares of SL Green Realty from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $65.00 to $70.00 in a report on Friday. Wells Fargo & Company lowered their target price on shares of SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Wall Street Zen cut shares of SL Green Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Truist Financial upped their target price on shares of SL Green Realty from $54.00 to $58.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of SL Green Realty in a research note on Friday, May 23rd. Five investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $67.79.

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.