Public Employees Retirement System of Ohio Buys 7,566 Shares of SL Green Realty Corp. (NYSE:SLG)

Public Employees Retirement System of Ohio boosted its holdings in SL Green Realty Corp. (NYSE:SLG - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 100,068 shares of the real estate investment trust's stock after purchasing an additional 7,566 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.15% of SL Green Realty worth $6,797,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in SL Green Realty in the fourth quarter worth about $39,000. Quadrant Capital Group LLC lifted its position in SL Green Realty by 37.4% during the fourth quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 208 shares during the period. Fourth Dimension Wealth LLC bought a new position in SL Green Realty during the fourth quarter valued at approximately $75,000. Summit Securities Group LLC bought a new position in SL Green Realty during the fourth quarter valued at approximately $88,000. Finally, FIL Ltd raised its position in SL Green Realty by 53.3% in the fourth quarter. FIL Ltd now owns 1,582 shares of the real estate investment trust's stock worth $107,000 after acquiring an additional 550 shares during the period. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on SLG. Jefferies Financial Group initiated coverage on shares of SL Green Realty in a report on Monday, March 17th. They set a "hold" rating and a $58.00 price objective for the company. Wall Street Zen lowered shares of SL Green Realty from a "hold" rating to a "sell" rating in a research report on Saturday, May 24th. Piper Sandler reduced their target price on shares of SL Green Realty from $90.00 to $72.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Scotiabank cut their price objective on shares of SL Green Realty from $81.00 to $75.00 and set a "sector perform" rating on the stock in a report on Friday, February 28th. Finally, Morgan Stanley raised their target price on shares of SL Green Realty from $52.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Two equities research 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's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $66.33.

SL Green Realty Price Performance

SL Green Realty stock traded down $1.36 during trading hours on Friday, hitting $56.75. 1,348,502 shares of the company traded hands, compared to its average volume of 841,671. The firm's 50-day simple moving average is $54.61 and its two-hundred day simple moving average is $62.75. The firm has a market cap of $4.05 billion, a P/E ratio of 709.38, a P/E/G ratio of 5.30 and a beta of 1.59. The company has a quick ratio of 2.58, a current ratio of 2.89 and a debt-to-equity ratio of 0.90. SL Green Realty Corp. has a 1-year low of $45.15 and a 1-year high of $82.81.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 EPS for the quarter, topping the consensus estimate of $1.27 by $0.13. The business had revenue of $144.52 million during the quarter, compared to analysts' expectations of $158.44 million. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. As a group, analysts forecast that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Friday, May 30th will be given a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date is Friday, May 30th. SL Green Realty's dividend payout ratio (DPR) is currently -735.71%.

About SL Green Realty

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.