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85,583 Shares in SL Green Realty Corp. (NYSE:SLG) Acquired by SG Americas Securities LLC

SL Green Realty logo with Finance background

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

A number of other large investors have also added to or reduced their stakes in SLG. Norges Bank acquired a new position in shares of SL Green Realty in the 4th quarter valued at $48,050,000. Northern Trust Corp increased its holdings in shares of SL Green Realty by 79.9% in the fourth quarter. Northern Trust Corp now owns 1,429,636 shares of the real estate investment trust's stock valued at $97,101,000 after purchasing an additional 634,788 shares during the period. Vanguard Group Inc. increased its holdings in shares of SL Green Realty by 5.5% in the fourth quarter. Vanguard Group Inc. now owns 10,830,293 shares of the real estate investment trust's stock valued at $735,594,000 after purchasing an additional 564,822 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of SL Green Realty in the fourth quarter valued at about $29,000,000. Finally, Alyeska Investment Group L.P. increased its holdings in shares of SL Green Realty by 30.3% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,493,208 shares of the real estate investment trust's stock valued at $101,419,000 after purchasing an additional 347,608 shares during the period. 89.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on SLG. Piper Sandler cut their price objective on shares of SL Green Realty from $90.00 to $72.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Evercore ISI raised SL Green Realty from an "in-line" rating to an "outperform" rating and cut their price target for the stock from $74.00 to $73.00 in a research report on Monday, March 17th. Scotiabank cut their price target on SL Green Realty from $81.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Barclays dropped their target price on SL Green Realty from $76.00 to $60.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 30th. Finally, Truist Financial dropped their target price on SL Green Realty from $62.00 to $54.00 and set a "hold" rating on the stock in a report on Wednesday, April 23rd. Two research 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. Based on data from MarketBeat.com, SL Green Realty has a consensus rating of "Hold" and an average price target of $66.33.

Check Out Our Latest Stock Report on SL Green Realty

SL Green Realty Stock Performance

SLG traded up $0.67 during trading on Monday, hitting $65.87. The stock had a trading volume of 807,426 shares, compared to its average volume of 846,300. The company's 50-day moving average price is $56.59 and its 200 day moving average price is $61.62. SL Green Realty Corp. has a twelve month low of $45.15 and a twelve month high of $82.81. The firm has a market capitalization of $4.70 billion, a P/E ratio of 823.36, a PEG ratio of 5.30 and a beta of 1.66. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.58 and a current ratio of 2.89.

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 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.13. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. The company had revenue of $144.52 million for the quarter, compared to analyst estimates of $158.44 million. On average, equities research analysts forecast that SL Green Realty Corp. will post 5.43 EPS 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 $0.2575 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.03 annualized dividend and a dividend yield of 1.56%. SL Green Realty's dividend payout ratio is presently -735.71%.

About SL Green Realty

(Free Report)

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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Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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