JTC Employer Solutions Trustee Ltd Has $1.26 Million Stock Holdings in SL Green Realty Corporation $SLG

Key Points

• JTC Employer Solutions Trustee Ltd reduced its holdings in SL Green Realty Corporation by 42.4%, resulting in ownership of 20,397 shares valued at $1.26 million.
• SL Green Realty reported $1.58 earnings per share (EPS) for the quarter, exceeding analysts' estimates, with quarterly revenue of $149.67 million, up 7.2% from the previous year.
• The company will pay a monthly dividend of $0.2575 on November 17th, indicating an annualized dividend yield of 5.9%.

JTC Employer Solutions Trustee Ltd reduced its holdings in SL Green Realty Corporation (NYSE:SLG - Free Report) by 42.4% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,397 shares of the real estate investment trust's stock after selling 15,000 shares during the quarter. JTC Employer Solutions Trustee Ltd's holdings in SL Green Realty were worth $1,262,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SLG. Fourth Dimension Wealth LLC increased its position in SL Green Realty by 54.5% in the 1st quarter. Fourth Dimension Wealth LLC now owns 1,700 shares of the real estate investment trust's stock valued at $98,000 after acquiring an additional 600 shares during the period. State of Wyoming acquired a new position in SL Green Realty in the 1st quarter valued at approximately $172,000. KBC Group NV increased its position in SL Green Realty by 20.9% in the 1st quarter. KBC Group NV now owns 3,340 shares of the real estate investment trust's stock valued at $193,000 after acquiring an additional 577 shares during the period. Envestnet Portfolio Solutions Inc. increased its position in SL Green Realty by 13.6% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 3,889 shares of the real estate investment trust's stock valued at $224,000 after acquiring an additional 466 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in SL Green Realty in the 2nd quarter valued at approximately $225,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

NYSE SLG opened at $52.45 on Friday. SL Green Realty Corporation has a 52-week low of $45.15 and a 52-week high of $82.81. The company has a 50-day simple moving average of $58.31 and a 200 day simple moving average of $58.03. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.72 and a current ratio of 3.22. The company has a market capitalization of $3.74 billion, a PE ratio of 5,250.35 and a beta of 1.77.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its quarterly earnings data on Wednesday, October 15th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.34 by $0.24. SL Green Realty had a net margin of 1.75% and a negative return on equity of 0.22%. The business had revenue of $149.67 million during the quarter, compared to the consensus estimate of $170.27 million. During the same quarter last year, the company posted $1.26 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. On average, research analysts predict that SL Green Realty Corporation will post 5.43 EPS for the current year.

SL Green Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, November 17th. Stockholders of record on Friday, October 31st will be given a $0.2575 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Friday, October 31st. SL Green Realty's dividend payout ratio (DPR) is 30,900.00%.

Insider Activity at SL Green Realty

In other news, Director Carol N. Brown sold 937 shares of the firm'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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on SLG shares. Evercore ISI decreased their price target on shares of SL Green Realty from $76.00 to $72.00 and set an "outperform" rating for the company in a research report on Thursday, October 9th. New Street Research set a $72.00 target price on shares of SL Green Realty in a research note on Thursday, October 9th. Truist Financial increased their target price on shares of SL Green Realty from $54.00 to $58.00 and gave the stock a "hold" rating in a research note on Friday, July 18th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of SL Green Realty in a research note on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH began coverage on shares of SL Green Realty in a research note on Monday, October 13th. They issued a "neutral" rating and a $63.00 price objective on the stock. Six investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $67.19.

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.

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