B&I Capital AG Invests $3.86 Million in SL Green Realty Corporation $SLG

Key Points

• B&I Capital AG disclosed a new first-quarter stake in SL Green Realty, buying 104,500 shares worth about $3.86 million. The position represents roughly 1.3% of B&I Capital’s portfolio.
• SL Green Realty continues to attract institutional interest, with several firms increasing or initiating positions; about 89.96% of the stock is owned by institutions.
• Analyst sentiment remains mixed but leans cautious: SLG has a Hold consensus rating and an average price target of $50.75, while the stock recently traded at $51.73 and offers a quarterly dividend yielding about 4.8%.

B&I Capital AG bought a new stake in SL Green Realty Corporation (NYSE:SLG - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 104,500 shares of the real estate investment trust's stock, valued at approximately $3,860,000. SL Green Realty makes up approximately 1.3% of B&I Capital AG's holdings, making the stock its 21st biggest holding. B&I Capital AG owned approximately 0.15% of SL Green Realty at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Triumph Capital Management acquired a new stake in SL Green Realty in the 3rd quarter valued at about $45,000. Davis Capital Management acquired a new position in shares of SL Green Realty during the first quarter worth approximately $46,000. Fourth Dimension Wealth LLC grew its stake in shares of SL Green Realty by 45.5% during the fourth quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust's stock valued at $73,000 after purchasing an additional 500 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of SL Green Realty by 30.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust's stock valued at $74,000 after purchasing an additional 378 shares during the last quarter. Finally, Leonteq Securities AG increased its holdings in shares of SL Green Realty by 4,194.0% in the first quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust's stock valued at $79,000 after purchasing an additional 2,097 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Analyst Ratings Changes

SLG has been the subject of several research reports. LADENBURG THALM/SH SH lifted their target price on SL Green Realty from $42.00 to $46.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Weiss Ratings raised SL Green Realty from a "sell (d)" rating to a "sell (d+)" rating in a research note on Thursday, May 28th. Citigroup cut their price target on SL Green Realty from $55.00 to $45.00 and set a "buy" rating on the stock in a research note on Tuesday, March 24th. Wells Fargo & Company raised their price target on SL Green Realty from $40.00 to $44.00 and gave the company an "equal weight" rating in a report on Monday, June 1st. Finally, Evercore lowered SL Green Realty from an "outperform" rating to an "in-line" rating and set a $56.00 price objective for the company. in a research report on Monday, July 6th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $50.75.

SL Green Realty Stock Up 1.9%

NYSE:SLG opened at $51.73 on Friday. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty Corporation has a 12-month low of $34.77 and a 12-month high of $66.29. The stock's fifty day simple moving average is $47.93 and its 200-day simple moving average is $43.89. The firm has a market capitalization of $3.70 billion, a P/E ratio of -20.61 and a beta of 1.58.

SL Green Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.6175 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.47 annualized dividend and a yield of 4.8%. SL Green Realty's dividend payout ratio is presently -98.41%.

About SL Green Realty

SL Green Realty Corp. NYSE: SLG is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City's largest office landlords, the company's portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.

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