SL Green Realty Corporation $SLG Shares Purchased by Strs Ohio

Key Points

• Strs Ohio boosted its stake in SL Green by 41.6% to 196,500 shares (about $9.01M), and institutional investors collectively own roughly 89.96% of the company.
• Analysts are mixed: the consensus rating is "Hold" with an average price target of $51.15, while individual targets range from $36 to $55 and opinions span Buy to Sell.
• SL Green declared a quarterly dividend of $0.6175 (paid April 15), implying an annualized $2.47 and a 5.9% yield.

Strs Ohio increased its holdings in shares of SL Green Realty Corporation (NYSE:SLG - Free Report) by 41.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,500 shares of the real estate investment trust's stock after acquiring an additional 57,700 shares during the period. Strs Ohio owned approximately 0.28% of SL Green Realty worth $9,013,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. M&T Bank Corp purchased a new position in SL Green Realty during the fourth quarter worth about $43,201,000. Hudson Bay Capital Management LP grew its stake in SL Green Realty by 51.6% during the 3rd quarter. Hudson Bay Capital Management LP now owns 1,460,373 shares of the real estate investment trust's stock valued at $87,345,000 after purchasing an additional 497,040 shares in the last quarter. Balyasny Asset Management L.P. grew its stake in SL Green Realty by 663.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 513,556 shares of the real estate investment trust's stock valued at $31,789,000 after purchasing an additional 446,283 shares in the last quarter. BROOKFIELD Corp ON acquired a new stake in SL Green Realty during the 2nd quarter valued at approximately $18,695,000. Finally, Clough Capital Partners L P acquired a new position in shares of SL Green Realty in the 2nd quarter worth approximately $11,146,000. Institutional investors and hedge funds own 89.96% of the company's stock.

Analysts Set New Price Targets

SLG has been the subject of a number of analyst reports. Morgan Stanley reduced their price objective on SL Green Realty from $43.00 to $36.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 31st. Citigroup reduced their price objective on shares of SL Green Realty from $55.00 to $45.00 and set a "buy" rating for the company in a research report on Tuesday, March 24th. The Goldman Sachs Group set a $37.00 target price on SL Green Realty and gave the stock a "sell" rating in a research report on Friday, February 6th. Raymond James Financial set a $44.00 price target on SL Green Realty in a report on Tuesday, February 3rd. Finally, Zacks Research upgraded SL Green Realty from a "strong sell" rating to a "hold" rating in a research note on Wednesday, February 25th. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, SL Green Realty has an average rating of "Hold" and an average target price of $51.15.

SL Green Realty Price Performance

NYSE SLG opened at $41.99 on Tuesday. SL Green Realty Corporation has a twelve month low of $34.77 and a twelve month high of $66.91. The company has a debt-to-equity ratio of 1.19, a quick ratio of 2.66 and a current ratio of 3.03. The stock has a market capitalization of $3.00 billion, a PE ratio of -16.73 and a beta of 1.60. The stock has a 50-day simple moving average of $39.02 and a 200 day simple moving average of $43.93.

SL Green Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.6175 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.47 annualized dividend and a yield of 5.9%. SL Green Realty's dividend payout ratio is -98.41%.

SL Green Realty Company 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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