Walleye Capital LLC Makes New $857,000 Investment in SL Green Realty Corp. (NYSE:SLG)

Walleye Capital LLC acquired a new stake in SL Green Realty Corp. (NYSE:SLG - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 12,611 shares of the real estate investment trust's stock, valued at approximately $857,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp purchased a new stake in SL Green Realty in the 4th quarter worth approximately $39,000. Quadrant Capital Group LLC grew 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 buying an additional 208 shares in the last quarter. Versant Capital Management Inc increased its stake in SL Green Realty by 17.7% in the 4th quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 157 shares during the last quarter. Summit Securities Group LLC purchased a new stake in shares of SL Green Realty in the 4th quarter valued at about $88,000. Finally, FIL Ltd grew its holdings in shares of SL Green Realty by 53.3% during the fourth quarter. FIL Ltd now owns 1,582 shares of the real estate investment trust's stock worth $107,000 after purchasing an additional 550 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SLG. Jefferies Financial Group started coverage on shares of SL Green Realty in a report on Monday, March 17th. They issued a "hold" rating and a $58.00 price target on the stock. Morgan Stanley raised their price target on SL Green Realty from $52.00 to $55.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 12th. Piper Sandler cut their price objective on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Barclays dropped their target price on SL Green Realty from $78.00 to $76.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Finally, Scotiabank reduced their price target on shares of SL Green Realty from $81.00 to $75.00 and set a "sector perform" rating on the stock in a research report on Friday, February 28th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $68.13.

SL Green Realty Stock Performance

Shares of SL Green Realty stock traded down $0.11 during trading hours on Friday, reaching $54.37. 678,043 shares of the stock traded hands, compared to its average volume of 850,194. 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 capitalization of $3.88 billion, a price-to-earnings ratio of 679.63, a P/E/G ratio of 5.30 and a beta of 1.61. The company has a quick ratio of 2.58, a current ratio of 2.89 and a debt-to-equity ratio of 0.90. The company has a 50 day moving average price of $56.93 and a 200 day moving average price of $66.28.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $144.52 million during the quarter, compared to analyst estimates of $158.44 million. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. On average, equities research analysts expect 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 Thursday, May 15th. Investors of record on Wednesday, April 30th will be paid a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, April 30th. SL Green Realty's dividend payout ratio (DPR) is -735.71%.

SL Green Realty 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.