SL Green Realty Corp. (NYSE:SLG) Shares Purchased by Natixis Advisors LLC

Natixis Advisors LLC increased its stake in SL Green Realty Corp. (NYSE:SLG) by 1.3% in the fourth quarter, Holdings Channel reports. The firm owned 21,820 shares of the real estate investment trust’s stock after purchasing an additional 284 shares during the period. Natixis Advisors LLC’s holdings in SL Green Realty were worth $1,482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Versant Capital Management Inc grew its holdings in shares of SL Green Realty by 17.7% during the fourth quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust’s stock valued at $71,000 after buying an additional 157 shares during the last quarter. MML Investors Services LLC grew its stake in SL Green Realty by 2.7% during the 3rd quarter. MML Investors Services LLC now owns 6,138 shares of the real estate investment trust’s stock valued at $427,000 after purchasing an additional 161 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of SL Green Realty by 5.1% in the fourth quarter. GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust’s stock worth $285,000 after purchasing an additional 203 shares during the last quarter. Ieq Capital LLC lifted its holdings in shares of SL Green Realty by 9.3% during the fourth quarter. Ieq Capital LLC now owns 4,542 shares of the real estate investment trust’s stock worth $308,000 after purchasing an additional 387 shares during the period. Finally, New York State Teachers Retirement System boosted its position in SL Green Realty by 0.5% in the fourth quarter. New York State Teachers Retirement System now owns 85,692 shares of the real estate investment trust’s stock valued at $5,820,000 after buying an additional 400 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Transactions at SL Green Realty

In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $66.30, for a total value of $229,066.50. Following the transaction, the director now directly owns 2,052 shares of the company’s stock, valued at $136,047.60. This trade represents a 62.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 5.08% of the company’s stock.

Analyst Upgrades and Downgrades

SLG has been the subject of several research reports. Scotiabank decreased their price objective on shares of SL Green Realty from $81.00 to $75.00 and set a “sector perform” rating for the company in a research note on Friday, February 28th. Evercore ISI raised shares of SL Green Realty from an “in-line” rating to an “outperform” rating and lowered their price target for the company from $74.00 to $73.00 in a report on Monday, March 17th. Compass Point lifted their price objective on SL Green Realty from $65.00 to $75.00 and gave the company a “neutral” rating in a research note on Wednesday, December 11th. Morgan Stanley boosted their price objective on SL Green Realty from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday, March 12th. Finally, Truist Financial raised their target price on SL Green Realty from $61.00 to $62.00 and gave the stock a “hold” rating in a report on Monday, January 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $69.87.

SL Green Realty Trading Up 3.7 %

SLG stock opened at $59.49 on Tuesday. SL Green Realty Corp. has a 12-month low of $47.22 and a 12-month high of $82.81. The business’s 50-day moving average is $63.27 and its 200 day moving average is $69.06. The company has a current ratio of 2.89, a quick ratio of 2.58 and a debt-to-equity ratio of 0.90. The stock has a market cap of $4.24 billion, a price-to-earnings ratio of 743.59, a PEG ratio of 5.30 and a beta of 1.82.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.45) by $1.90. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. On average, sell-side analysts anticipate that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.2575 dividend. This represents a $1.03 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from SL Green Realty’s previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. SL Green Realty’s dividend payout ratio is 3,862.50%.

About SL Green Realty

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.