Cwm LLC Has $119,000 Stock Position in SL Green Realty Corp. (NYSE:SLG)

Cwm LLC cut its holdings in SL Green Realty Corp. (NYSE:SLG) by 12.2% during the third quarter, Holdings Channel.com reports. The firm owned 1,704 shares of the real estate investment trust’s stock after selling 237 shares during the quarter. Cwm LLC’s holdings in SL Green Realty were worth $119,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC bought a new position in SL Green Realty in the second quarter valued at approximately $29,000. Rothschild Investment LLC bought a new position in shares of SL Green Realty in the second quarter valued at $55,000. Fidelis Capital Partners LLC acquired a new position in SL Green Realty during the first quarter worth $55,000. Miracle Mile Advisors LLC bought a new stake in SL Green Realty during the third quarter worth $209,000. Finally, Meeder Advisory Services Inc. acquired a new stake in SL Green Realty in the first quarter valued at $201,000. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

SLG has been the topic of several recent analyst reports. Bank of America boosted their price objective on shares of SL Green Realty from $59.00 to $62.00 and gave the stock a “neutral” rating in a research note on Thursday, August 22nd. Evercore ISI upped their price objective on SL Green Realty from $67.00 to $79.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Compass Point set a $65.00 target price on SL Green Realty and gave the stock a “neutral” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price target on SL Green Realty from $43.00 to $63.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 11th. Finally, Truist Financial lifted their price objective on shares of SL Green Realty from $47.00 to $55.00 and gave the stock a “hold” rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $65.57.

SL Green Realty Stock Down 1.1 %

Shares of SLG opened at $76.62 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.59 and a debt-to-equity ratio of 1.07. SL Green Realty Corp. has a 12 month low of $28.55 and a 12 month high of $79.08. The firm’s 50 day moving average is $68.97 and its 200-day moving average is $60.46. The stock has a market capitalization of $4.99 billion, a PE ratio of -30.65, a P/E/G ratio of 2.12 and a beta of 1.83.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing the consensus estimate of $1.21 by ($1.42). The company had revenue of $229.69 million during the quarter, compared to analyst estimates of $136.66 million. SL Green Realty had a negative net margin of 16.78% and a negative return on equity of 3.76%. During the same period in the prior year, the firm earned $1.27 earnings per share. Equities research analysts forecast that SL Green Realty Corp. will post 7.62 EPS for the current year.

SL Green Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $3.00 dividend on an annualized basis and a yield of 3.92%. SL Green Realty’s payout ratio is -120.00%.

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.