Strs Ohio Has $7.70 Million Stock Position in SL Green Realty Corporation $SLG

Strs Ohio raised its position in SL Green Realty Corporation (NYSE:SLG) by 6.0% during the first quarter, Holdings Channel.com reports. The institutional investor owned 208,300 shares of the real estate investment trust’s stock after purchasing an additional 11,800 shares during the quarter. Strs Ohio’s holdings in SL Green Realty were worth $7,695,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in SL Green Realty by 74.8% during the 1st quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust’s stock valued at $1,519,000 after purchasing an additional 11,506 shares in the last quarter. United Services Automobile Association bought a new stake in shares of SL Green Realty during the first quarter worth $253,000. Empowered Funds LLC grew its holdings in shares of SL Green Realty by 10.9% during the first quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 722 shares during the last quarter. Creative Planning acquired a new stake in shares of SL Green Realty in the second quarter valued at $421,000. Finally, California Public Employees Retirement System increased its stake in shares of SL Green Realty by 4.6% in the second quarter. California Public Employees Retirement System now owns 131,528 shares of the real estate investment trust’s stock valued at $8,142,000 after buying an additional 5,789 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

SL Green Realty Price Performance

Shares of SLG opened at $53.38 on Monday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty Corporation has a 1 year low of $34.77 and a 1 year high of $66.29. The stock has a market cap of $3.81 billion, a P/E ratio of -21.26 and a beta of 1.58. The stock’s 50-day moving average price is $46.76 and its two-hundred day moving average price is $43.60.

SL Green Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date is Tuesday, June 30th. SL Green Realty’s dividend payout ratio (DPR) is currently -98.41%.

Analyst Ratings Changes

A number of brokerages have commented on SLG. Deutsche Bank Aktiengesellschaft raised shares of SL Green Realty from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $45.00 to $44.00 in a report on Wednesday, March 18th. Citigroup reduced their target price on shares of SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. Wells Fargo & Company increased their price target on shares of SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Truist Financial raised their price target on shares of SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Finally, Morgan Stanley dropped their price objective on shares of SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Eight 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $50.90.

About SL Green Realty

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.