Marshall Wace LLP Has $10.73 Million Position in SL Green Realty Corp. (NYSE:SLG)

Marshall Wace LLP trimmed its position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 157,972 shares of the real estate investment trust's stock after selling 118,510 shares during the period. Marshall Wace LLP owned approximately 0.24% of SL Green Realty worth $10,729,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in SLG. Jump Financial LLC bought a new stake in shares of SL Green Realty during the fourth quarter valued at approximately $502,000. Walleye Capital LLC acquired a new stake in SL Green Realty during the fourth quarter worth $857,000. Mariner LLC increased its holdings in SL Green Realty by 2.1% in the 4th 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 period. Barclays PLC raised its stake in shares of SL Green Realty by 13.2% in the 4th quarter. Barclays PLC now owns 125,478 shares of the real estate investment trust's stock valued at $8,522,000 after buying an additional 14,612 shares in the last quarter. Finally, Summit Investment Advisors Inc. lifted its holdings in shares of SL Green Realty by 12.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,375 shares of the real estate investment trust's stock worth $501,000 after acquiring an additional 827 shares during the period. Institutional investors and hedge funds own 89.96% of the company's stock.

SL Green Realty Trading Down 0.2 %

NYSE:SLG traded down $0.11 during trading hours on Friday, hitting $54.37. 678,043 shares of the stock were exchanged, compared to its average volume of 852,015. The company has a market capitalization of $3.88 billion, a P/E ratio of 679.63, 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. The company's 50 day moving average is $57.16 and its two-hundred day moving average is $66.38. SL Green Realty Corp. has a twelve month low of $45.15 and a twelve month high of $82.81.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.13. The business had revenue of $144.52 million for the quarter, compared to analysts' expectations of $158.44 million. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. On average, sell-side analysts anticipate that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.2575 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $1.03 dividend on an annualized basis and a yield of 1.89%. SL Green Realty's payout ratio is presently -735.71%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SLG. Truist Financial dropped their price target on shares of SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Wednesday. Barclays dropped their target price on SL Green Realty from $78.00 to $76.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Wells Fargo & Company decreased 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 note on Monday, February 3rd. Piper Sandler dropped their price objective on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Jefferies Financial Group assumed coverage on shares of SL Green Realty in a research note on Monday, March 17th. They issued a "hold" rating and a $58.00 target price on the stock. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $68.13.

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.