American Century Companies Inc. Purchases 23,977 Shares of SL Green Realty Corp. (NYSE:SLG)

American Century Companies Inc. lifted its position in SL Green Realty Corp. (NYSE:SLG - Free Report) by 28.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 106,807 shares of the real estate investment trust's stock after acquiring an additional 23,977 shares during the quarter. American Century Companies Inc. owned 0.16% of SL Green Realty worth $7,254,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in SL Green Realty during the 3rd quarter valued at $35,000. Jones Financial Companies Lllp purchased a new position in shares of SL Green Realty during the fourth quarter valued at $39,000. Versant Capital Management Inc raised its holdings in shares of SL Green Realty by 17.7% in the fourth quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 157 shares in the last quarter. Blue Trust Inc. lifted its stake in SL Green Realty by 106.3% in the fourth quarter. Blue Trust Inc. now owns 1,663 shares of the real estate investment trust's stock worth $116,000 after acquiring an additional 857 shares during the period. Finally, Game Plan Financial Advisors LLC bought a new position in SL Green Realty during the 4th quarter worth about $149,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of the business's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $66.30, for a total value of $229,066.50. Following the transaction, the director now directly owns 2,052 shares in the company, valued at $136,047.60. The trade was a 62.74 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 5.08% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Morgan Stanley increased their price objective on shares of SL Green Realty from $52.00 to $55.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 12th. Jefferies Financial Group assumed coverage on SL Green Realty in a report on Monday, March 17th. They issued a "hold" rating and a $58.00 price target on the stock. Bank of America decreased their price objective on SL Green Realty from $80.00 to $73.00 and set a "neutral" rating for the company in a research note on Monday, January 27th. Compass Point lifted their target price on SL Green Realty from $65.00 to $75.00 and gave the company a "neutral" rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price target on shares of SL Green Realty from $76.00 to $69.00 and set an "equal weight" rating for the company in a research report on Monday, February 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $69.87.

Remove Ads

SL Green Realty Trading Down 9.8 %

Shares of SL Green Realty stock opened at $52.76 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.58 and a debt-to-equity ratio of 0.90. SL Green Realty Corp. has a twelve month low of $47.22 and a twelve month high of $82.81. The firm has a market capitalization of $3.76 billion, a PE ratio of 659.50, a P/E/G ratio of 5.30 and a beta of 1.82. The firm's 50-day moving average price is $61.97 and its 200 day moving average price is $68.56.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share for the quarter, topping the consensus estimate of ($0.45) by $1.90. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. On average, sell-side analysts predict that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.2575 per share. This is an increase from SL Green Realty's previous quarterly dividend of $0.25. The ex-dividend date is Monday, March 31st. This represents a $1.03 dividend on an annualized basis and a yield of 1.95%. SL Green Realty's dividend payout ratio (DPR) is presently 3,862.50%.

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.

Want to see what other hedge funds are holding SLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SL Green Realty Corp. (NYSE:SLG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.