SL Green Realty Corporation $SLG Stock Holdings Lessened by IFM Investors Pty Ltd

IFM Investors Pty Ltd lowered its stake in SL Green Realty Corporation (NYSE:SLG) by 11.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,394 shares of the real estate investment trust’s stock after selling 1,916 shares during the period. IFM Investors Pty Ltd’s holdings in SL Green Realty were worth $831,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in SL Green Realty by 4.7% during the 1st quarter. Mackenzie Financial Corp now owns 5,324 shares of the real estate investment trust’s stock valued at $307,000 after purchasing an additional 240 shares during the period. Nissay Asset Management Corp Japan ADV raised its stake in SL Green Realty by 2.5% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 10,257 shares of the real estate investment trust’s stock valued at $592,000 after purchasing an additional 247 shares during the period. KLP Kapitalforvaltning AS raised its stake in SL Green Realty by 2.2% during the 1st quarter. KLP Kapitalforvaltning AS now owns 13,874 shares of the real estate investment trust’s stock valued at $804,000 after purchasing an additional 300 shares during the period. Two Sigma Advisers LP raised its stake in SL Green Realty by 1.3% during the 4th quarter. Two Sigma Advisers LP now owns 24,316 shares of the real estate investment trust’s stock valued at $1,652,000 after purchasing an additional 301 shares during the period. Finally, Xponance Inc. raised its stake in SL Green Realty by 6.6% during the 1st quarter. Xponance Inc. now owns 5,745 shares of the real estate investment trust’s stock valued at $331,000 after purchasing an additional 357 shares during the period. Institutional investors own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SLG. Truist Financial boosted their target price on shares of SL Green Realty from $54.00 to $58.00 and gave the company a “hold” rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of SL Green Realty in a report on Friday, May 23rd. Evercore ISI lowered their price target on shares of SL Green Realty from $74.00 to $73.00 and set an “outperform” rating on the stock in a report on Monday, August 18th. JPMorgan Chase & Co. lowered their price target on shares of SL Green Realty from $70.00 to $69.00 and set a “neutral” rating on the stock in a report on Wednesday, July 9th. Finally, Wells Fargo & Company lowered their price target on shares of SL Green Realty from $69.00 to $58.00 and set an “equal weight” rating on the stock in a report on Monday, May 19th. Five equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $67.57.

Insider Transactions at SL Green Realty

In related news, Director Carol N. Brown sold 937 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $63.09, for a total value of $59,115.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 5.04% of the company’s stock.

SL Green Realty Trading Up 3.8%

Shares of NYSE:SLG opened at $65.71 on Friday. The stock has a market capitalization of $4.69 billion, a PE ratio of -121.68 and a beta of 1.74. SL Green Realty Corporation has a 1 year low of $45.15 and a 1 year high of $82.81. The firm has a fifty day moving average price of $58.39 and a 200 day moving average price of $58.02. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.98.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings data on Wednesday, July 16th. The real estate investment trust reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.26. The firm had revenue of $147.54 million during the quarter, compared to analysts’ expectations of $171.24 million. SL Green Realty had a negative net margin of 2.21% and a negative return on equity of 1.19%. SL Green Realty’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.05 earnings per share. SL Green Realty has set its FY 2025 guidance at 5.650-5.950 EPS. Analysts expect that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The firm also recently disclosed a aug 25 dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.2575 dividend. The ex-dividend date is Friday, August 29th. This represents a yield of 543.0%. SL Green Realty’s dividend payout ratio is currently -572.22%.

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.