Jupiter Topco LLC Buys Shares of 30,043 SL Green Realty Corporation $SLG

Jupiter Topco LLC acquired a new stake in shares of SL Green Realty Corporation (NYSE:SLG - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 30,043 shares of the real estate investment trust's stock, valued at approximately $1,556,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new position in SL Green Realty in the 2nd quarter worth about $706,881,000. State Street Corp grew its position in shares of SL Green Realty by 1.0% in the 2nd quarter. State Street Corp now owns 4,257,874 shares of the real estate investment trust's stock valued at $264,636,000 after acquiring an additional 41,873 shares during the period. Alyeska Investment Group L.P. lifted its position in shares of SL Green Realty by 25.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,041,226 shares of the real estate investment trust's stock valued at $139,501,000 after buying an additional 617,488 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in SL Green Realty by 62.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust's stock valued at $133,862,000 after acquiring an additional 1,117,357 shares during the period. Finally, Cohen & Steers Inc. bought a new position in SL Green Realty during the 4th quarter worth $121,675,000. 89.96% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Harrison Sitomer sold 23,113 shares of the company's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total value of $1,333,851.23. Following the completion of the transaction, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 5.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. UBS Group set a $60.00 price target on SL Green Realty in a research note on Monday, July 27th. Weiss Ratings reiterated a "sell (d+)" rating on shares of SL Green Realty in a research note on Tuesday, August 25th. Wells Fargo & Company set a $56.50 target price on shares of SL Green Realty and gave the stock an "equal weight" rating in a research report on Tuesday. 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 note on Monday, July 6th. Finally, Piper Sandler set a $79.00 target price on SL Green Realty and gave the company an "overweight" rating in a research report on Friday, July 24th. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, SL Green Realty currently has a consensus rating of "Hold" and an average price target of $56.83.

SL Green Realty Stock Up 1.2%

Shares of NYSE:SLG opened at $55.56 on Friday. The firm's 50-day simple moving average is $54.07 and its 200-day simple moving average is $46.37. SL Green Realty Corporation has a fifty-two week low of $34.77 and a fifty-two week high of $66.29. The company has a market cap of $3.95 billion, a price-to-earnings ratio of -20.35, a PEG ratio of 2.37 and a beta of 1.60. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.05.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.38) EPS for the quarter, topping analysts' consensus estimates of ($0.59) by $0.21. SL Green Realty had a negative return on equity of 4.37% and a negative net margin of 16.92%.The company had revenue of $264.00 million for the quarter, compared to the consensus estimate of $179.01 million. During the same period in the previous year, the business earned $1.63 earnings per share. SL Green Realty's quarterly revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts predict that SL Green Realty Corporation will post 5.53 earnings per share for the current year.

SL Green Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, June 30th. SL Green Realty's dividend payout ratio (DPR) is currently -90.48%.

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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