CIBC Asset Management Inc Increases Stock Holdings in SL Green Realty Corp. (NYSE:SLG)

CIBC Asset Management Inc boosted its stake in SL Green Realty Corp. (NYSE:SLGFree Report) by 6.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,093 shares of the real estate investment trust’s stock after acquiring an additional 414 shares during the quarter. CIBC Asset Management Inc’s holdings in SL Green Realty were worth $320,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SLG. Private Trust Co. NA acquired a new position in shares of SL Green Realty during the fourth quarter worth $33,000. Financial Gravity Asset Management Inc. lifted its holdings in SL Green Realty by 3,073.3% in the 3rd quarter. Financial Gravity Asset Management Inc. now owns 952 shares of the real estate investment trust’s stock worth $36,000 after buying an additional 922 shares in the last quarter. Rosenberg Matthew Hamilton boosted its position in SL Green Realty by 9.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 2,588 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 227 shares during the last quarter. GAMMA Investing LLC purchased a new position in SL Green Realty in the 4th quarter valued at about $140,000. Finally, Caprock Group LLC acquired a new stake in shares of SL Green Realty during the fourth quarter valued at about $203,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Price Performance

SLG opened at $53.41 on Tuesday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.01. The company’s 50-day moving average price is $51.78 and its 200 day moving average price is $48.15. SL Green Realty Corp. has a fifty-two week low of $23.22 and a fifty-two week high of $57.33. The firm has a market cap of $3.52 billion, a price-to-earnings ratio of -6.47, a price-to-earnings-growth ratio of 1.00 and a beta of 1.77.

SL Green Realty Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be issued a $0.25 dividend. This represents a $3.00 annualized dividend and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, May 30th. SL Green Realty’s dividend payout ratio (DPR) is -36.32%.

Analyst Ratings Changes

SLG has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their price target on SL Green Realty from $43.00 to $44.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Evercore ISI increased their target price on SL Green Realty from $46.00 to $47.00 and gave the company an “underperform” rating in a research note on Monday, April 22nd. Piper Sandler restated an “overweight” rating and issued a $58.00 price target on shares of SL Green Realty in a research note on Tuesday, March 26th. Scotiabank increased their price objective 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, Barclays raised shares of SL Green Realty from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $35.00 to $48.00 in a research report on Wednesday, March 27th. Six investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, SL Green Realty has a consensus rating of “Hold” and a consensus price target of $47.00.

View Our Latest Report on SL Green Realty

SL Green Realty 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.

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

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