Jump Financial LLC Invests $502,000 in SL Green Realty Corp. (NYSE:SLG)

Jump Financial LLC bought a new position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 7,393 shares of the real estate investment trust's stock, valued at approximately $502,000.

Several other hedge funds also recently added to or reduced their stakes in SLG. Versant Capital Management Inc grew its holdings in shares of SL Green Realty by 17.7% during 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 buying an additional 157 shares during the last quarter. GAMMA Investing LLC increased 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 period. Quadrant Capital Group LLC raised its stake in shares of SL Green Realty by 37.4% in the fourth quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 208 shares during the last quarter. Natixis Advisors LLC lifted its holdings in shares of SL Green Realty by 1.3% during the fourth quarter. Natixis Advisors LLC now owns 21,820 shares of the real estate investment trust's stock worth $1,482,000 after purchasing an additional 284 shares during the period. Finally, Mariner LLC boosted its position in SL Green Realty by 2.1% in the fourth quarter. Mariner LLC now owns 18,241 shares of the real estate investment trust's stock valued at $1,239,000 after buying an additional 379 shares during the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Truist Financial decreased their price objective on shares of SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, April 23rd. Scotiabank decreased their target price 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. Wells Fargo & Company cut their price target on SL Green Realty from $76.00 to $69.00 and set an "equal weight" rating on the stock in a research report on Monday, February 3rd. Evercore ISI raised SL Green Realty from an "in-line" rating to an "outperform" rating and decreased their price objective for the company from $74.00 to $73.00 in a report on Monday, March 17th. Finally, Mizuho raised their target price on SL Green Realty from $45.00 to $67.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, SL Green Realty presently has a consensus rating of "Hold" and an average target price of $68.13.

SL Green Realty Trading Down 0.2 %

Shares of SL Green Realty stock traded down $0.10 during mid-day trading on Monday, hitting $54.24. The stock had a trading volume of 898,930 shares, compared to its average volume of 850,389. The firm has a 50-day moving average of $56.93 and a two-hundred day moving average of $66.28. The firm has a market cap of $3.87 billion, a P/E ratio of 678.00, a price-to-earnings-growth ratio of 5.30 and a beta of 1.61. The company has a quick ratio of 2.58, a current ratio of 2.89 and a debt-to-equity ratio of 0.90. SL Green Realty Corp. has a 12-month low of $45.15 and a 12-month high of $82.81.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings data on Wednesday, April 16th. The real estate investment trust reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.13. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. The company had revenue of $144.52 million during the quarter, compared to analyst estimates of $158.44 million. Sell-side analysts forecast that SL Green Realty Corp. will post 5.43 earnings per share for the current year.

SL Green Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.2575 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $1.03 dividend on an annualized basis and a yield of 1.90%. SL Green Realty's payout ratio is currently -735.71%.

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.