Atria Wealth Solutions Inc. Sells 295 Shares of SL Green Realty Corp. (NYSE:SLG)

Atria Wealth Solutions Inc. decreased its position in shares of SL Green Realty Corp. (NYSE:SLG) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,824 shares of the real estate investment trust’s stock after selling 295 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in SL Green Realty were worth $263,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC acquired a new position in SL Green Realty during the fourth quarter worth $140,000. New York State Common Retirement Fund increased its position in shares of SL Green Realty by 86.3% during the fourth quarter. New York State Common Retirement Fund now owns 51,430 shares of the real estate investment trust’s stock worth $2,323,000 after acquiring an additional 23,826 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of SL Green Realty in the 4th quarter worth about $1,534,000. Duality Advisers LP bought a new position in SL Green Realty in the 4th quarter valued at about $479,000. Finally, Handelsbanken Fonder AB boosted its stake in SL Green Realty by 21.4% during the 4th quarter. Handelsbanken Fonder AB now owns 14,165 shares of the real estate investment trust’s stock valued at $640,000 after purchasing an additional 2,500 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

NYSE:SLG opened at $50.93 on Thursday. SL Green Realty Corp. has a 1 year low of $20.51 and a 1 year high of $55.75. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.96 and a quick ratio of 2.23. The business has a fifty day simple moving average of $51.32 and a two-hundred day simple moving average of $44.76. The company has a market capitalization of $3.35 billion, a P/E ratio of -6.17, a P/E/G ratio of 1.39 and a beta of 1.72.

SL Green Realty Cuts Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be paid a $0.25 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 5.89%. The ex-dividend date is Monday, April 29th. SL Green Realty’s dividend payout ratio is currently -36.32%.

Insider Buying and Selling at SL Green Realty

In other news, Director Carol N. Brown sold 5,118 shares of SL Green Realty 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.08% of the company’s stock.

Analysts Set New Price Targets

SLG has been the subject of several analyst reports. Scotiabank increased their price objective on SL Green Realty from $40.00 to $43.00 and gave the stock a “sector underperform” rating in a research note on Tuesday, April 2nd. Barclays upgraded shares of SL Green Realty from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $35.00 to $48.00 in a research note on Wednesday, March 27th. Piper Sandler reissued an “overweight” rating and set a $58.00 price target on shares of SL Green Realty in a research report on Tuesday, March 26th. Truist Financial downgraded shares of SL Green Realty from a “buy” rating to a “hold” rating and upped their price objective for the stock from $44.00 to $47.00 in a research report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. lifted their target price on shares of SL Green Realty from $43.00 to $44.00 and gave the stock an “underweight” rating in a research report on Thursday, April 25th. Six research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.00.

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.