SL Green Realty Corp. (NYSE:SLG) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in SL Green Realty Corp. (NYSE:SLG - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 473,801 shares of the real estate investment trust's stock after buying an additional 27,631 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.72% of SL Green Realty worth $32,181,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Zimmer Partners LP purchased a new stake in shares of SL Green Realty in the 4th quarter worth about $11,192,000. Two Sigma Advisers LP lifted its holdings in shares of SL Green Realty by 1.3% during the 4th quarter. Two Sigma Advisers LP now owns 24,316 shares of the real estate investment trust's stock worth $1,652,000 after acquiring an additional 301 shares during the period. ProShare Advisors LLC raised its stake in SL Green Realty by 55.9% during the fourth quarter. ProShare Advisors LLC now owns 21,247 shares of the real estate investment trust's stock worth $1,443,000 after purchasing an additional 7,617 shares during the period. Nissay Asset Management Corp Japan ADV lifted its stake in shares of SL Green Realty by 12.0% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 10,010 shares of the real estate investment trust's stock valued at $663,000 after purchasing an additional 1,072 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of SL Green Realty by 3.0% during the 4th quarter. Nuveen Asset Management LLC now owns 1,636,907 shares of the real estate investment trust's stock valued at $111,179,000 after acquiring an additional 46,988 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

SL Green Realty Stock Performance

Shares of SL Green Realty stock traded down $1.36 during trading hours on Friday, reaching $56.75. The company had a trading volume of 1,348,502 shares, compared to its average volume of 841,671. The business has a fifty day simple moving average of $54.61 and a 200 day simple moving average of $62.84. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.89 and a quick ratio of 2.58. SL Green Realty Corp. has a one year low of $45.15 and a one year high of $82.81. The firm has a market cap of $4.05 billion, a PE ratio of 709.38, a price-to-earnings-growth ratio of 5.30 and a beta of 1.59.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.13. The company had revenue of $144.52 million during the quarter, compared to the consensus estimate 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, analysts anticipate that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a dividend of $0.2575 per share. The ex-dividend date is Friday, May 30th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.81%. SL Green Realty's dividend payout ratio is currently -735.71%.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Wall Street Zen cut SL Green Realty from a "hold" rating to a "sell" rating in a research note on Saturday, May 24th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of SL Green Realty in a research note on Friday, May 23rd. Truist Financial decreased their target price on shares of SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Wednesday, April 23rd. Evercore ISI raised SL Green Realty from an "in-line" rating to an "outperform" rating and decreased their target price for the company from $74.00 to $73.00 in a research note on Monday, March 17th. Finally, Morgan Stanley raised their price objective on SL Green Realty from $52.00 to $55.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 12th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $66.33.

About SL Green Realty

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.