SL Green Realty Corporation $SLG Shares Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. increased its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 91.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 188,458 shares of the real estate investment trust’s stock after purchasing an additional 89,825 shares during the period. Daiwa Securities Group Inc. owned 0.26% of SL Green Realty worth $11,666,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of SLG. Louisiana State Employees Retirement System increased its stake in SL Green Realty by 0.6% during the 2nd quarter. Louisiana State Employees Retirement System now owns 33,200 shares of the real estate investment trust’s stock worth $2,055,000 after buying an additional 200 shares in the last quarter. MAI Capital Management increased its position in shares of SL Green Realty by 25.9% during the second quarter. MAI Capital Management now owns 988 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 203 shares in the last quarter. Amalgamated Bank raised its stake in SL Green Realty by 1.2% in the 2nd quarter. Amalgamated Bank now owns 20,245 shares of the real estate investment trust’s stock valued at $1,253,000 after purchasing an additional 235 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in SL Green Realty by 2.5% in 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 in the last quarter. Finally, Bessemer Group Inc. boosted its stake in SL Green Realty by 67.8% during the 2nd quarter. Bessemer Group Inc. now owns 626 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 253 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on SLG. Barclays set a $59.00 target price on shares of SL Green Realty in a research report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $46.00 price objective (down previously from $60.00) on shares of SL Green Realty in a report on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of SL Green Realty in a report on Wednesday, October 8th. UBS Group set a $47.00 price target on SL Green Realty in a research report on Monday. Finally, BMO Capital Markets reduced their price objective on SL Green Realty from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $59.82.

SL Green Realty Stock Performance

NYSE:SLG opened at $44.20 on Thursday. The company’s 50-day moving average is $50.27 and its two-hundred day moving average is $56.57. SL Green Realty Corporation has a 1-year low of $40.26 and a 1-year high of $76.49. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.22 and a quick ratio of 3.22. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 4,424.52 and a beta of 1.61.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Thursday, October 16th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.24. SL Green Realty had a net margin of 1.75% and a negative return on equity of 0.22%. The business had revenue of $244.82 million during the quarter, compared to the consensus estimate of $170.27 million. During the same quarter last year, the firm earned $1.26 EPS. The business’s revenue was up 7.2% compared to the same quarter last year. Analysts forecast that SL Green Realty Corporation will post 5.43 EPS for the current year.

SL Green Realty Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, December 15th. Shareholders of record on Friday, November 28th will be given a $0.2575 dividend. The ex-dividend date is Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 7.0%. SL Green Realty’s payout ratio is currently 30,900.00%.

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.