SG Americas Securities LLC Purchases 31,505 Shares of SL Green Realty Corporation $SLG

Key Points

• SG Americas Securities LLC boosted its stake in SL Green by 63.8%, buying 31,505 shares to hold 80,888 shares valued at about $3.71 million, and institutional investors now own roughly 89.96% of the company.
• SL Green declared a quarterly dividend of $0.6175 (annualized $2.47) for a ~6.9% yield, with an ex-dividend date of March 31 and payment on April 15.
• SL Green reported Q4 EPS of $1.13 (beating by $0.03) while revenue of $159.8M missed estimates; the stock has a ~$2.57B market cap and a consensus analyst rating of "Hold" with a $51.45 price target.

SG Americas Securities LLC boosted its position in SL Green Realty Corporation (NYSE:SLG - Free Report) by 63.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 80,888 shares of the real estate investment trust's stock after acquiring an additional 31,505 shares during the period. SG Americas Securities LLC owned 0.11% of SL Green Realty worth $3,710,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in SLG. Ethic Inc. raised its stake in shares of SL Green Realty by 2.4% during the third quarter. Ethic Inc. now owns 8,132 shares of the real estate investment trust's stock valued at $486,000 after acquiring an additional 193 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of SL Green Realty by 5.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,489 shares of the real estate investment trust's stock worth $328,000 after purchasing an additional 267 shares during the last quarter. Arizona State Retirement System increased its holdings in SL Green Realty by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 21,014 shares of the real estate investment trust's stock valued at $1,257,000 after purchasing an additional 292 shares during the period. Xponance Inc. increased its holdings in SL Green Realty by 5.2% during the 3rd quarter. Xponance Inc. now owns 6,264 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 308 shares during the period. Finally, Summit Place Financial Advisors LLC raised its position in SL Green Realty by 1.6% during the 3rd quarter. Summit Place Financial Advisors LLC now owns 21,560 shares of the real estate investment trust's stock valued at $1,290,000 after purchasing an additional 345 shares during the last quarter. Institutional investors own 89.96% of the company's stock.

SL Green Realty Stock Down 1.7%

NYSE:SLG opened at $36.05 on Friday. The company has a debt-to-equity ratio of 1.05, a current ratio of 2.66 and a quick ratio of 2.66. The firm's 50-day moving average price is $39.61 and its 200-day moving average price is $46.81. The company has a market capitalization of $2.57 billion, a PE ratio of -22.39 and a beta of 1.61. SL Green Realty Corporation has a 1-year low of $34.77 and a 1-year high of $66.91.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.03. The company had revenue of $159.82 million during the quarter, compared to analysts' expectations of $162.73 million. SL Green Realty had a negative net margin of 9.66% and a negative return on equity of 2.44%. SL Green Realty's revenue was up 14.5% on a year-over-year basis. During the same period last year, the company posted $1.81 EPS. On average, equities analysts predict that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend is Tuesday, March 31st. SL Green Realty's payout ratio is currently -153.42%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on SLG. LADENBURG THALM/SH SH cut their price objective on SL Green Realty from $60.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, December 18th. BTIG Research decreased their target price on SL Green Realty from $75.00 to $70.00 and set a "buy" rating for the company in a report on Thursday, February 5th. Citigroup dropped their price target on SL Green Realty from $55.00 to $45.00 and set a "buy" rating for the company in a research note on Tuesday, March 24th. UBS Group set a $61.00 price target on shares of SL Green Realty in a report on Wednesday, January 14th. Finally, Piper Sandler reduced their price objective on shares of SL Green Realty from $60.00 to $50.00 and set an "overweight" rating on the stock in a research report on Wednesday. Eight equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $51.45.

SL Green Realty Profile

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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