Eisler Capital Management Ltd. Buys New Stake in SL Green Realty Corporation $SLG

Key Points

• Eisler Capital Management Ltd. has made a new investment in SL Green Realty Corporation, acquiring 64,003 shares valued at approximately $3.69 million.
• Recent quarterly earnings for SL Green Realty showed $1.63 EPS, beating estimates by $0.26, but revenue fell short at $147.54 million.
• SL Green recently announced a dividend yield of 560.0%, with a payment of $0.2575 per share scheduled for September 15th.

Eisler Capital Management Ltd. bought a new position in shares of SL Green Realty Corporation (NYSE:SLG - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 64,003 shares of the real estate investment trust's stock, valued at approximately $3,692,000. Eisler Capital Management Ltd. owned about 0.09% of SL Green Realty at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp boosted its stake in shares of SL Green Realty by 4.7% in the 1st quarter. Mackenzie Financial Corp now owns 5,324 shares of the real estate investment trust's stock valued at $307,000 after purchasing an additional 240 shares during the last quarter. KLP Kapitalforvaltning AS boosted its stake in SL Green Realty by 2.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 13,874 shares of the real estate investment trust's stock valued at $804,000 after purchasing an additional 300 shares during the last quarter. Two Sigma Advisers LP boosted its stake in SL Green Realty by 1.3% during the 4th quarter. Two Sigma Advisers LP now owns 24,316 shares of the real estate investment trust's stock valued at $1,652,000 after purchasing an additional 301 shares during the last quarter. Xponance Inc. boosted its stake in SL Green Realty by 6.6% during the 1st quarter. Xponance Inc. now owns 5,745 shares of the real estate investment trust's stock valued at $331,000 after purchasing an additional 357 shares during the last quarter. Finally, M&T Bank Corp boosted its stake in shares of SL Green Realty by 6.6% in the 1st quarter. M&T Bank Corp now owns 5,921 shares of the real estate investment trust's stock worth $342,000 after buying an additional 366 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

SL Green Realty Price Performance

SLG stock traded down $0.02 during mid-day trading on Friday, hitting $56.86. The company had a trading volume of 867,688 shares, compared to its average volume of 813,286. The company has a 50-day moving average price of $58.64 and a 200 day moving average price of $58.31. 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 company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -105.30 and a beta of 1.69. SL Green Realty Corporation has a 12-month low of $45.15 and a 12-month high of $82.81.

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

SL Green Realty Announces Dividend

The business 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 is Friday, August 29th. SL Green Realty's dividend payout ratio is currently -572.22%.

Insider Buying and Selling

In other SL Green Realty news, Director Carol N. Brown sold 2,500 shares of the company's stock in a transaction dated Friday, July 18th. The shares were sold at an average price of $60.61, for a total value of $151,525.00. Following the transaction, the director directly owned 937 shares in the company, valued at $56,791.57. This represents a 72.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.04% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Scotiabank raised shares of SL Green Realty from a "sector perform" rating to a "sector outperform" rating and set a $71.00 price target on the stock in a report on Friday, July 25th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SL Green Realty in a research report on Friday, May 23rd. Truist Financial increased their target price on SL Green Realty from $54.00 to $58.00 and gave the company a "hold" rating in a research note on Friday, July 18th. Evercore ISI reduced their price objective on SL Green Realty from $74.00 to $73.00 and set an "outperform" rating on the stock in a research note on Monday, August 18th. Finally, Wall Street Zen lowered shares of SL Green Realty from a "hold" rating to a "sell" rating in a report on Saturday, May 24th. Four investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $67.29.

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.