SG Americas Securities LLC Buys Shares of 85,583 SL Green Realty Corp. (NYSE:SLG)

SG Americas Securities LLC acquired a new position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 85,583 shares of the real estate investment trust's stock, valued at approximately $4,938,000. SG Americas Securities LLC owned 0.12% of SL Green Realty as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norinchukin Bank The lifted its holdings in shares of SL Green Realty by 6.6% in the fourth quarter. Norinchukin Bank The now owns 3,117 shares of the real estate investment trust's stock worth $212,000 after acquiring an additional 192 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in SL Green Realty by 37.4% in the 4th 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 last quarter. Natixis Advisors LLC boosted its position in SL Green Realty by 1.3% in the fourth quarter. Natixis Advisors LLC now owns 21,820 shares of the real estate investment trust's stock valued at $1,482,000 after buying an additional 284 shares in the last quarter. Two Sigma Advisers LP increased its holdings in shares of SL Green Realty by 1.3% during the fourth quarter. Two Sigma Advisers LP now owns 24,316 shares of the real estate investment trust's stock worth $1,652,000 after buying an additional 301 shares in the last quarter. Finally, Mariner LLC increased its holdings in shares of SL Green Realty by 2.1% during the fourth quarter. Mariner LLC now owns 18,241 shares of the real estate investment trust's stock worth $1,239,000 after buying an additional 379 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SLG. Wells Fargo & Company dropped their price target on shares of SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating for the company in a research note on Monday, May 19th. Scotiabank lowered their target price on SL Green Realty from $81.00 to $75.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Morgan Stanley lifted their target price on SL Green Realty from $52.00 to $55.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 12th. Wall Street Zen cut SL Green Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating on shares of SL Green Realty in a research note on Friday, May 23rd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, SL Green Realty has an average rating of "Hold" and a consensus price target of $66.33.

SL Green Realty Stock Down 0.9%

Shares of SLG traded down $0.58 during trading hours on Friday, reaching $65.17. 1,123,195 shares of the stock traded hands, compared to its average volume of 845,528. SL Green Realty Corp. has a 52 week low of $45.15 and a 52 week high of $82.81. The company has a market cap of $4.65 billion, a price-to-earnings ratio of 814.63, a PEG ratio of 5.30 and a beta of 1.66. The stock has a fifty day simple moving average of $55.88 and a 200 day simple moving average of $62.03. The company has a current ratio of 2.89, a quick ratio of 2.58 and a debt-to-equity ratio of 0.90.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its 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 firm had revenue of $144.52 million for 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%. On average, equities analysts forecast that SL Green Realty Corp. will post 5.43 EPS for the current year.

SL Green Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 30th will be given a $0.2575 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.03 annualized dividend and a yield of 1.58%. SL Green Realty's dividend payout ratio is currently -735.71%.

SL Green Realty 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.