M&T Bank Corp Has $384,000 Stock Position in SL Green Realty Corp. (NYSE:SLG)

M&T Bank Corp cut its holdings in shares of SL Green Realty Corp. (NYSE:SLGFree Report) by 3.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 8,512 shares of the real estate investment trust’s stock after selling 336 shares during the quarter. M&T Bank Corp’s holdings in SL Green Realty were worth $384,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Natixis Advisors L.P. raised its stake in shares of SL Green Realty by 9.5% during the fourth quarter. Natixis Advisors L.P. now owns 18,482 shares of the real estate investment trust’s stock worth $834,000 after buying an additional 1,599 shares during the last quarter. Essex Financial Services Inc. grew its holdings in SL Green Realty by 6.7% during the 4th quarter. Essex Financial Services Inc. now owns 13,774 shares of the real estate investment trust’s stock worth $622,000 after acquiring an additional 860 shares during the period. Victory Capital Management Inc. grew its holdings in SL Green Realty by 3.6% during the 4th quarter. Victory Capital Management Inc. now owns 24,223 shares of the real estate investment trust’s stock worth $1,094,000 after acquiring an additional 851 shares during the period. Van ECK Associates Corp raised its position in shares of SL Green Realty by 15.9% during the 4th quarter. Van ECK Associates Corp now owns 27,517 shares of the real estate investment trust’s stock valued at $1,243,000 after acquiring an additional 3,770 shares during the last quarter. Finally, Opinicus Capital Inc. acquired a new position in shares of SL Green Realty in the 4th quarter valued at $553,000. Institutional investors own 89.96% of the company’s stock.

Analysts Set New Price Targets

SLG has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on SL Green Realty from $46.00 to $47.00 and gave the stock an “underperform” rating in a research note on Monday, April 22nd. Deutsche Bank Aktiengesellschaft initiated coverage on SL Green Realty in a research note on Tuesday, January 30th. They issued a “hold” rating and a $50.00 price target for the company. Barclays raised shares of SL Green Realty from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $35.00 to $48.00 in a research note on Wednesday, March 27th. Scotiabank upped their target price on shares of SL Green Realty from $40.00 to $43.00 and gave the company a “sector underperform” rating in a research note on Tuesday, April 2nd. Finally, BMO Capital Markets raised shares of SL Green Realty from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $56.00 to $58.00 in a research report on Thursday, April 18th. Six analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, SL Green Realty currently has an average rating of “Hold” and an average price target of $47.00.

Get Our Latest Analysis on SL Green Realty

SL Green Realty Stock Performance

Shares of SLG opened at $54.00 on Thursday. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of -6.54, a PEG ratio of 1.43 and a beta of 1.72. SL Green Realty Corp. has a 12 month low of $20.51 and a 12 month high of $57.33. The firm has a fifty day simple moving average of $51.67 and a 200 day simple moving average of $45.51. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.01.

SL Green Realty Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th were paid a $0.25 dividend. The ex-dividend date was Monday, April 29th. This represents a $3.00 dividend on an annualized basis and a yield of 5.56%. SL Green Realty’s dividend payout ratio is -36.32%.

SL Green Realty Company Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SL Green Realty Corp. (NYSE:SLGFree Report).

Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.