Caxton Associates LLP Takes $365,000 Position in SL Green Realty Corporation $SLG

Caxton Associates LLP acquired a new stake in SL Green Realty Corporation (NYSE:SLG) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 9,869 shares of the real estate investment trust’s stock, valued at approximately $365,000.

Several other hedge funds have also added to or reduced their stakes in the business. State Street Corp grew its holdings in SL Green Realty by 1.0% during the 2nd quarter. State Street Corp now owns 4,257,874 shares of the real estate investment trust’s stock worth $264,636,000 after acquiring an additional 41,873 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of SL Green Realty by 25.5% during the fourth quarter. Alyeska Investment Group L.P. now owns 3,041,226 shares of the real estate investment trust’s stock valued at $139,501,000 after acquiring an additional 617,488 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of SL Green Realty by 62.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock valued at $133,862,000 after acquiring an additional 1,117,357 shares during the last quarter. Cohen & Steers Inc. acquired a new position in shares of SL Green Realty during the fourth quarter worth $121,675,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of SL Green Realty by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,561,121 shares of the real estate investment trust’s stock worth $71,609,000 after purchasing an additional 32,779 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Down 1.5%

Shares of NYSE SLG opened at $53.05 on Wednesday. The company’s 50 day moving average price is $49.37 and its 200-day moving average price is $44.20. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.03 and a current ratio of 3.10. SL Green Realty Corporation has a 52-week low of $34.77 and a 52-week high of $66.29. The company has a market capitalization of $3.79 billion, a P/E ratio of -19.43 and a beta of 1.58.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.21. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.43%. The company had revenue of $171.85 million during the quarter, compared to analysts’ expectations of $179.01 million. During the same period in the prior year, the company posted $1.63 earnings per share. SL Green Realty’s revenue for the quarter was up 16.5% compared to the same quarter last year. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Equities analysts forecast that SL Green Realty Corporation will post 5.15 earnings per share for the current year.

SL Green Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.6175 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a yield of 4.7%. SL Green Realty’s dividend payout ratio is -90.48%.

Analyst Upgrades and Downgrades

SLG has been the topic of several analyst reports. LADENBURG THALM/SH SH boosted their price objective on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Morgan Stanley set a $52.00 target price on SL Green Realty and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. Truist Financial lifted their target price on SL Green Realty from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Weiss Ratings upgraded SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Finally, Barclays set a $52.00 price target on SL Green Realty and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $54.95.

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.