SL Green Realty Corporation $SLG Shares Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd raised its holdings in SL Green Realty Corporation (NYSE:SLG) by 77.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,851 shares of the real estate investment trust’s stock after purchasing an additional 6,030 shares during the period. Y Intercept Hong Kong Ltd’s holdings in SL Green Realty were worth $857,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of SLG. Bessemer Group Inc. grew its holdings in SL Green Realty by 67.8% in the second quarter. Bessemer Group Inc. now owns 626 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 253 shares during the period. State of Wyoming acquired a new stake in shares of SL Green Realty in the first quarter worth approximately $172,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of SL Green Realty in the second quarter worth approximately $225,000. United Services Automobile Association acquired a new stake in shares of SL Green Realty in the first quarter worth approximately $253,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in shares of SL Green Realty in the first quarter worth approximately $287,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SL Green Realty news, Director Carol N. Brown sold 937 shares of SL Green Realty stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $63.09, for a total value of $59,115.33. The transaction was disclosed in a filing with the SEC, which is available at this link. 5.04% of the stock is owned by corporate insiders.

SL Green Realty Stock Down 0.4%

NYSE SLG opened at $50.19 on Wednesday. SL Green Realty Corporation has a 52 week low of $45.15 and a 52 week high of $82.81. The company has a quick ratio of 2.72, a current ratio of 3.22 and a debt-to-equity ratio of 1.04. The business’s fifty day simple moving average is $57.60 and its 200-day simple moving average is $58.21. The firm has a market cap of $3.58 billion, a PE ratio of 5,024.12 and a beta of 1.77.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, October 15th. The real estate investment trust reported $1.58 EPS for the quarter, topping the consensus estimate of $1.34 by $0.24. SL Green Realty had a negative return on equity of 0.22% and a net margin of 1.75%.The business had revenue of $149.67 million for the quarter, compared to analyst estimates of $170.27 million. During the same quarter in the previous year, the firm earned $1.26 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. As a group, equities analysts anticipate that SL Green Realty Corporation will post 5.43 earnings per share for the current year.

SL Green Realty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Monday, November 17th. Shareholders of record on Friday, October 31st will be given a $0.2575 dividend. The ex-dividend date is Friday, October 31st. This represents a c) dividend on an annualized basis and a yield of 6.2%. SL Green Realty’s payout ratio is currently 30,900.00%.

Wall Street Analysts Forecast Growth

SLG has been the topic of a number of research analyst reports. Citigroup raised SL Green Realty from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $65.00 to $70.00 in a research note on Friday, September 12th. Bank of America lowered their price target on SL Green Realty from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Wells Fargo & Company lowered their price target on SL Green Realty from $58.00 to $54.00 and set an “equal weight” rating on the stock in a research note on Monday, October 27th. LADENBURG THALM/SH SH initiated coverage on SL Green Realty in a research note on Monday, October 13th. They issued a “neutral” rating and a $63.00 price target on the stock. Finally, Truist Financial set a $54.00 price target on SL Green Realty and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $64.33.

SL Green Realty Company 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.