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Everence Capital Management Inc. Has $449,000 Stock Holdings in SL Green Realty Corp. (NYSE:SLG)

SL Green Realty logo with Finance background

Everence Capital Management Inc. reduced its position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 62.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,610 shares of the real estate investment trust's stock after selling 10,870 shares during the period. Everence Capital Management Inc.'s holdings in SL Green Realty were worth $449,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC lifted its position in SL Green Realty by 5.1% during the 4th quarter. GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust's stock worth $285,000 after buying an additional 203 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of SL Green Realty by 17.7% in the 4th quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust's stock valued at $71,000 after buying an additional 157 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in SL Green Realty during the third quarter worth $1,050,000. Franklin Resources Inc. acquired a new stake in SL Green Realty in the third quarter valued at $621,000. Finally, Tidal Investments LLC bought a new position in shares of SL Green Realty in the 3rd quarter valued at about $791,000. 89.96% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SLG shares. Evercore ISI boosted their price target on SL Green Realty from $67.00 to $79.00 and gave the stock an "in-line" rating in a research report on Monday, October 21st. Jefferies Financial Group dropped their price objective on shares of SL Green Realty from $75.00 to $69.00 and set a "hold" rating on the stock in a research report on Thursday. Piper Sandler reiterated an "overweight" rating and issued a $90.00 price target (up previously from $75.00) on shares of SL Green Realty in a research note on Monday, October 21st. BMO Capital Markets reaffirmed an "outperform" rating and issued a $87.00 target price (up previously from $72.00) on shares of SL Green Realty in a research report on Monday, October 21st. Finally, Citigroup raised SL Green Realty from a "sell" rating to a "neutral" rating and lifted their price target for the stock from $44.00 to $66.00 in a report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $68.47.

View Our Latest Stock Analysis on SL Green Realty

SL Green Realty Trading Down 1.1 %

SLG traded down $0.73 during trading on Monday, reaching $67.35. 836,624 shares of the company's stock were exchanged, compared to its average volume of 797,833. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.06. SL Green Realty Corp. has a one year low of $41.81 and a one year high of $82.81. The firm has a fifty day moving average price of $74.46 and a two-hundred day moving average price of $68.36. The stock has a market capitalization of $4.44 billion, a PE ratio of -26.94, a price-to-earnings-growth ratio of 4.26 and a beta of 1.82.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.21 by ($1.42). SL Green Realty had a negative return on equity of 3.76% and a negative net margin of 16.78%. The company had revenue of $229.69 million for the quarter, compared to the consensus estimate of $136.66 million. During the same quarter last year, the business earned $1.27 earnings per share. As a group, equities research analysts forecast that SL Green Realty Corp. will post 7.82 earnings per share for the current fiscal year.

SL Green Realty Increases Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.2575 per share. This is an increase from SL Green Realty's previous monthly dividend of $0.25. This represents a $3.09 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, December 31st. SL Green Realty's dividend payout ratio (DPR) is presently -123.60%.

About SL Green Realty

(Free Report)

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.

See Also

Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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