SL Green Realty Corporation $SLG Stock Holdings Lifted by SG Americas Securities LLC

SG Americas Securities LLC boosted its holdings in SL Green Realty Corporation (NYSE:SLG) by 1,927.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,383 shares of the real estate investment trust’s stock after acquiring an additional 46,947 shares during the period. SG Americas Securities LLC’s holdings in SL Green Realty were worth $2,954,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in SLG. Ethic Inc. boosted its position in SL Green Realty by 2.4% during the 3rd quarter. Ethic Inc. now owns 8,132 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 193 shares during the period. Louisiana State Employees Retirement System lifted its stake in SL Green Realty by 0.6% in the second quarter. Louisiana State Employees Retirement System now owns 33,200 shares of the real estate investment trust’s stock valued at $2,055,000 after buying an additional 200 shares during the last quarter. MAI Capital Management lifted its stake in SL Green Realty by 25.9% in the second quarter. MAI Capital Management now owns 988 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 203 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of SL Green Realty by 1.2% during the second quarter. Amalgamated Bank now owns 20,245 shares of the real estate investment trust’s stock valued at $1,253,000 after acquiring an additional 235 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of SL Green Realty by 67.8% during the second quarter. Bessemer Group Inc. now owns 626 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 253 shares during the last quarter. 89.96% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other SL Green Realty news, CEO Marc Holliday sold 22,223 shares of the company’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $44.40, for a total value of $986,701.20. Following the transaction, the chief executive officer directly owned 9,698 shares of the company’s stock, valued at $430,591.20. This represents a 69.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Andrew S. Levine sold 1,493 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $45.27, for a total transaction of $67,588.11. Following the transaction, the insider directly owned 7,045 shares in the company, valued at approximately $318,927.15. The trade was a 17.49% decrease in their position. The disclosure for this sale is available in the SEC filing. 5.04% of the stock is currently owned by company insiders.

SL Green Realty Stock Performance

SLG opened at $48.65 on Tuesday. The company has a quick ratio of 3.22, a current ratio of 3.22 and a debt-to-equity ratio of 1.03. The firm has a market cap of $3.47 billion, a PE ratio of 4,869.87 and a beta of 1.60. The business has a fifty day simple moving average of $46.43 and a 200-day simple moving average of $54.00. SL Green Realty Corporation has a fifty-two week low of $40.26 and a fifty-two week high of $68.14.

SL Green Realty (NYSE:SLG) last announced its earnings results on Thursday, October 16th. 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 net margin of 1.75% and a negative return on equity of 0.22%. The company had revenue of $244.82 million during the quarter, compared to analysts’ expectations of $170.27 million. During the same period last year, the company posted $1.26 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. As a group, equities analysts predict that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Investors of record on Friday, November 28th were issued a dividend of $0.2575 per share. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date was Friday, November 28th. SL Green Realty’s dividend payout ratio (DPR) is currently 30,900.00%.

Wall Street Analysts Forecast Growth

SLG has been the subject of a number of analyst reports. Truist Financial set a $47.00 target price on shares of SL Green Realty and gave the company a “hold” rating in a research note on Monday, December 8th. Evercore ISI set a $54.00 price target on SL Green Realty and gave the company an “outperform” rating in a report on Monday, December 8th. BMO Capital Markets decreased their price objective on SL Green Realty from $63.00 to $60.00 and set an “outperform” rating for the company in a report on Monday, December 8th. JPMorgan Chase & Co. raised their target price on SL Green Realty from $69.00 to $71.00 and gave the company a “neutral” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company reduced their price target on SL Green Realty from $58.00 to $54.00 and set an “equal weight” rating for the company in a research report on Monday, October 27th. Six investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $56.83.

SL Green Realty Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.