Amundi Purchases 27,212 Shares of SL Green Realty Corp. (NYSE:SLG)

Amundi grew its holdings in SL Green Realty Corp. (NYSE:SLG - Free Report) by 20.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 158,185 shares of the real estate investment trust's stock after purchasing an additional 27,212 shares during the period. Amundi owned about 0.24% of SL Green Realty worth $10,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. 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 purchasing an additional 157 shares during the last quarter. MML Investors Services LLC raised its holdings in shares of SL Green Realty by 2.7% in the third quarter. MML Investors Services LLC now owns 6,138 shares of the real estate investment trust's stock valued at $427,000 after purchasing an additional 161 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of SL Green Realty by 5.1% in the fourth quarter. GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust's stock valued at $285,000 after purchasing an additional 203 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in shares of SL Green Realty by 272.0% in the third quarter. Venturi Wealth Management LLC now owns 372 shares of the real estate investment trust's stock valued at $26,000 after purchasing an additional 272 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of SL Green Realty by 9.3% in the fourth quarter. Ieq Capital LLC now owns 4,542 shares of the real estate investment trust's stock valued at $308,000 after purchasing an additional 387 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of SL Green Realty in a research note on Monday. They issued a "hold" rating and a $58.00 target price for the company. JPMorgan Chase & Co. raised shares of SL Green Realty from an "underweight" rating to a "neutral" rating and raised their target price for the company from $51.00 to $80.00 in a research note on Tuesday, December 10th. Evercore ISI raised shares of SL Green Realty from an "in-line" rating to an "outperform" rating and reduced their price objective for the stock from $74.00 to $73.00 in a research report on Monday. Scotiabank reduced their price objective on shares of SL Green Realty from $81.00 to $75.00 and set a "sector perform" rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company reduced their price objective 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 analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $69.87.

SL Green Realty Price Performance

SLG stock traded down $0.40 during midday trading on Tuesday, reaching $57.84. The company had a trading volume of 556,580 shares, compared to its average volume of 844,873. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 722.98, a price-to-earnings-growth ratio of 5.30 and a beta of 1.82. The stock has a 50 day moving average price of $63.81 and a 200-day moving average price of $69.30. SL Green Realty Corp. has a 1-year low of $47.22 and a 1-year high of $82.81. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.89 and a quick ratio of 2.58.

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 EPS for the quarter, beating analysts' consensus estimates of ($0.45) by $1.90. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. Equities research analysts expect that SL Green Realty Corp. will post 5.43 earnings per share for the current year.

SL Green Realty Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $0.2575 dividend. This represents a $3.09 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date was Friday, February 28th. SL Green Realty's dividend payout ratio (DPR) is presently 3,862.50%.

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 stock was sold at an average price of $66.30, for a total transaction of $229,066.50. Following the completion of the transaction, the director now owns 2,052 shares of the company's stock, valued at approximately $136,047.60. The trade was a 62.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.08% of the company's stock.

SL Green Realty 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.