4,977 Shares in SL Green Realty Corporation (NYSE:SLG) Acquired by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. purchased a new position in SL Green Realty Corporation (NYSE:SLG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,977 shares of the real estate investment trust's stock, valued at approximately $287,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Jones Financial Companies Lllp bought a new stake in shares of SL Green Realty in the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC lifted its holdings in shares of SL Green Realty by 37.4% in the fourth quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock valued at $52,000 after buying an additional 208 shares during the period. Fourth Dimension Wealth LLC acquired a new position in shares of SL Green Realty in the 4th quarter worth approximately $75,000. GF Fund Management CO. LTD. bought a new stake in shares of SL Green Realty during the 4th quarter worth $80,000. Finally, Summit Securities Group LLC acquired a new stake in SL Green Realty during the 4th quarter worth about $88,000. Institutional investors own 89.96% of the company's stock.

SL Green Realty Price Performance

SLG stock traded down $0.61 during midday trading on Tuesday, reaching $63.00. 130,334 shares of the stock were exchanged, compared to its average volume of 897,874. The company has a fifty day moving average price of $60.55 and a 200 day moving average price of $60.32. SL Green Realty Corporation 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 0.99, a current ratio of 2.85 and a quick ratio of 2.85. The stock has a market capitalization of $4.49 billion, a PE ratio of -149.79 and a beta of 1.65.

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 (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.13. SL Green Realty had a negative net margin of 1.30% and a negative return on equity of 0.98%. The firm had revenue of $144.52 million for the quarter, compared to the consensus estimate of $158.44 million. As a group, analysts expect that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date is Monday, June 30th. SL Green Realty's payout ratio is -735.71%.

Analyst Ratings Changes

SLG has been the subject of several research reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SL Green Realty in a report on Friday, May 23rd. Piper Sandler cut their price objective on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Wells Fargo & Company cut their target price on shares of SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating for the company in a research report on Monday, May 19th. Jefferies Financial Group started coverage on SL Green Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $58.00 price objective for the company. Finally, Wall Street Zen lowered SL Green Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, SL Green Realty presently has an average rating of "Hold" and a consensus target price of $65.33.

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.