SL Green Realty Corp. (NYSE:SLG) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 21.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 204,752 shares of the real estate investment trust's stock after selling 55,297 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.32% of SL Green Realty worth $9,249,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP bought a new position in shares of SL Green Realty during the 3rd quarter valued at approximately $38,666,000. Cyndeo Wealth Partners LLC bought a new position in SL Green Realty in the 4th quarter worth approximately $4,593,000. Charles Schwab Investment Management Inc. grew its holdings in SL Green Realty by 2.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 994,094 shares of the real estate investment trust's stock valued at $37,080,000 after buying an additional 26,465 shares in the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of SL Green Realty by 893.8% during the third quarter. DekaBank Deutsche Girozentrale now owns 52,959 shares of the real estate investment trust's stock valued at $1,926,000 after buying an additional 47,630 shares during the last quarter. Finally, Hosking Partners LLP raised its position in shares of SL Green Realty by 10.1% during the third quarter. Hosking Partners LLP now owns 335,931 shares of the real estate investment trust's stock valued at $12,530,000 after buying an additional 30,783 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company's stock.

SL Green Realty Trading Down 3.1 %

Shares of SLG stock traded down $1.64 on Friday, reaching $51.19. 864,073 shares of the company's stock were exchanged, compared to its average volume of 1,120,432. The company's fifty day simple moving average is $49.39 and its 200 day simple moving average is $42.72. The stock has a market capitalization of $3.32 billion, a PE ratio of -5.63, a P/E/G ratio of 1.77 and a beta of 1.71. The company has a current ratio of 2.23, a quick ratio of 2.23 and a debt-to-equity ratio of 0.93. SL Green Realty Corp. has a 52 week low of $20.51 and a 52 week high of $55.75.

SL Green Realty Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, April 15th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend is Wednesday, March 27th. SL Green Realty's dividend payout ratio is currently -33.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TheStreet raised shares of SL Green Realty from a "d+" rating to a "c-" rating in a research note on Wednesday, January 10th. Piper Sandler reiterated an "overweight" rating and issued a $58.00 target price on shares of SL Green Realty in a research report on Tuesday, March 26th. Truist Financial lowered SL Green Realty from a "buy" rating to a "hold" rating and increased their price target for the company from $44.00 to $47.00 in a research note on Tuesday, January 16th. StockNews.com raised SL Green Realty to a "sell" rating in a research note on Saturday, February 3rd. Finally, Scotiabank upped their price objective on SL Green Realty from $40.00 to $43.00 and gave the stock a "sector underperform" rating in a report on Tuesday, April 2nd. Five equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, SL Green Realty currently has an average rating of "Hold" and a consensus target price of $45.83.

Insider Transactions at SL Green Realty

In other SL Green Realty news, Director Carol N. Brown sold 5,118 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $44.37, for a total value of $227,085.66. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Director Carol N. Brown sold 5,118 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $44.37, for a total transaction of $227,085.66. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Betsy S. Atkins sold 9,894 shares of the company's stock in a transaction dated Friday, January 26th. The stock was sold at an average price of $47.25, for a total transaction of $467,491.50. Following the completion of the sale, the director now directly owns 6,886 shares of the company's stock, valued at $325,363.50. The disclosure for this sale can be found here. Company insiders own 5.60% of the company's stock.

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.