13,612 Shares in SL Green Realty Corp. (NYSE:SLG) Bought by Centiva Capital LP

Centiva Capital LP bought a new position in SL Green Realty Corp. (NYSE:SLG - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 13,612 shares of the real estate investment trust's stock, valued at approximately $948,000.

A number of other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in shares of SL Green Realty by 272.0% during the third quarter. Venturi Wealth Management LLC now owns 372 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 272 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in SL Green Realty in the 2nd quarter worth approximately $29,000. Friedenthal Financial acquired a new stake in shares of SL Green Realty during the 3rd quarter valued at $49,000. Rothschild Investment LLC acquired a new position in shares of SL Green Realty in the second quarter worth $55,000. Finally, Blue Trust Inc. raised its holdings in shares of SL Green Realty by 363.2% during the third quarter. Blue Trust Inc. now owns 806 shares of the real estate investment trust's stock worth $56,000 after acquiring an additional 632 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

Shares of SLG stock traded up $1.50 during trading hours on Friday, reaching $75.16. 757,096 shares of the company's stock were exchanged, compared to its average volume of 980,436. SL Green Realty Corp. has a fifty-two week low of $40.30 and a fifty-two week high of $82.81. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $4.96 billion, a P/E ratio of -29.46, a P/E/G ratio of 3.61 and a beta of 1.81. The business has a fifty day moving average price of $74.93 and a 200-day moving average price of $65.67.

SL Green Realty (NYSE:SLG - Get Free Report) last released its earnings results on Wednesday, October 16th. The real estate investment trust reported ($0.21) EPS for the quarter, missing the consensus estimate of $1.21 by ($1.42). The company had revenue of $229.69 million for the quarter, compared to analyst estimates of $136.66 million. SL Green Realty had a negative net margin of 16.78% and a negative return on equity of 3.76%. During the same quarter in the previous year, the company earned $1.27 earnings per share. Analysts predict that SL Green Realty Corp. will post 7.6 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Friday, November 29th. SL Green Realty's dividend payout ratio (DPR) is presently -120.00%.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company upped their target price on SL Green Realty from $43.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Scotiabank raised their price objective on shares of SL Green Realty from $68.00 to $80.00 and gave the company a "sector perform" rating in a research report on Friday, October 25th. BMO Capital Markets reissued an "outperform" rating and issued a $87.00 target price (up from $72.00) on shares of SL Green Realty in a research report on Monday, October 21st. Jefferies Financial Group raised their price target on shares of SL Green Realty from $70.00 to $72.00 and gave the company a "hold" rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped their price objective on shares of SL Green Realty from $47.00 to $50.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 9th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $66.00.

SL Green Realty Company 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.