SL Green Realty Corporation (NYSE:SLG) Stock Holdings Increased by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC raised its stake in shares of SL Green Realty Corporation (NYSE:SLG - Free Report) by 149.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,845 shares of the real estate investment trust's stock after buying an additional 10,695 shares during the quarter. Summit Place Financial Advisors LLC's holdings in SL Green Realty were worth $1,030,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp acquired a new stake in SL Green Realty during the 4th quarter valued at $39,000. Quadrant Capital Group LLC lifted its stake in shares of SL Green Realty by 37.4% during the 4th quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 208 shares during the period. Fourth Dimension Wealth LLC purchased a new position in shares of SL Green Realty during the 4th quarter worth $75,000. GF Fund Management CO. LTD. purchased a new position in shares of SL Green Realty during the 4th quarter worth $80,000. Finally, Summit Securities Group LLC purchased a new position in shares of SL Green Realty during the 4th quarter worth $88,000. Institutional investors and hedge funds own 89.96% of the company's stock.

SL Green Realty Stock Down 0.8%

NYSE:SLG traded down $0.48 during mid-day trading on Friday, hitting $61.83. The company had a trading volume of 687,346 shares, compared to its average volume of 875,865. The business has a fifty day simple moving average of $59.49 and a 200-day simple moving average of $60.63. The company has a current ratio of 2.85, a quick ratio of 2.85 and a debt-to-equity ratio of 0.99. SL Green Realty Corporation has a 1 year low of $45.15 and a 1 year high of $82.81. The firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of -147.20 and a beta of 1.65.

SL Green Realty (NYSE:SLG - Get Free Report) last released 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. SL Green Realty had a negative return on equity of 0.98% and a negative net margin of 1.30%. The business had revenue of $144.52 million for the quarter, compared to analysts' expectations of $158.44 million. Equities analysts forecast that SL Green Realty Corporation will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.2575 dividend. This represents a $1.03 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Monday, June 30th. SL Green Realty's dividend payout ratio (DPR) is -735.71%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Truist Financial reduced their price target on SL Green Realty from $62.00 to $54.00 and set a "hold" rating on the stock in a research note on Wednesday, April 23rd. Wells Fargo & Company reduced their price target on SL Green Realty from $69.00 to $58.00 and set an "equal weight" rating on the stock in a research note on Monday, May 19th. Wall Street Zen lowered SL Green Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Piper Sandler reduced their price target on 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. Finally, Jefferies Financial Group initiated coverage on SL Green Realty in a research report on Monday, March 17th. They issued a "hold" rating and a $58.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, SL Green Realty has a consensus rating of "Hold" and an average target price of $66.33.

SL Green Realty Company 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.