Marshall Wace LLP Has $10.73 Million Stock Holdings in SL Green Realty Corp. (NYSE:SLG)

Marshall Wace LLP lowered its position in SL Green Realty Corp. (NYSE:SLG - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,972 shares of the real estate investment trust's stock after selling 118,510 shares during the period. Marshall Wace LLP owned approximately 0.24% of SL Green Realty worth $10,729,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of SLG. Versant Capital Management Inc lifted its holdings in shares of SL Green Realty by 17.7% in the fourth quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 157 shares in the last quarter. MML Investors Services LLC grew its position in shares of SL Green Realty by 2.7% in the third quarter. MML Investors Services LLC now owns 6,138 shares of the real estate investment trust's stock valued at $427,000 after purchasing an additional 161 shares during the period. GAMMA Investing LLC boosted its stake in SL Green Realty by 5.1% in the 4th quarter. GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust's stock worth $285,000 after buying an additional 203 shares during the last quarter. Quadrant Capital Group LLC increased its position in SL Green Realty by 37.4% during the fourth 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 last quarter. Finally, Natixis Advisors LLC raised its position in shares of SL Green Realty by 1.3% in the 4th quarter. Natixis Advisors LLC now owns 21,820 shares of the real estate investment trust's stock worth $1,482,000 after buying an additional 284 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

SL Green Realty Trading Down 0.2 %

Shares of NYSE:SLG traded down $0.11 during midday trading on Friday, reaching $54.37. The company had a trading volume of 678,043 shares, compared to its average volume of 850,194. SL Green Realty Corp. has a 1-year low of $45.15 and a 1-year high of $82.81. The company has a fifty day simple moving average of $56.93 and a two-hundred day simple moving average of $66.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.58 and a current ratio of 2.89. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 679.63, a price-to-earnings-growth ratio of 5.30 and a beta of 1.61.

SL Green Realty (NYSE:SLG - Get Free Report) last posted 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. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. The business had revenue of $144.52 million during the quarter, compared to analyst estimates of $158.44 million. Research analysts predict that SL Green Realty Corp. will post 5.43 earnings per share for the current year.

SL Green Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, April 30th. SL Green Realty's dividend payout ratio (DPR) is presently -735.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on SLG shares. Truist Financial lowered their price target on SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a report on Wednesday. Piper Sandler lowered their target price on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Mizuho raised their price objective on SL Green Realty from $45.00 to $67.00 and gave the company a "neutral" rating in a research note on Tuesday, January 7th. Morgan Stanley increased their target price on SL Green Realty from $52.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Finally, Barclays reduced their price objective on shares of SL Green Realty from $78.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, SL Green Realty presently has an average rating of "Hold" and a consensus target price of $68.13.

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.