SL Green Realty Corp. (NYSE:SLG) Shares Sold by Prospect Financial Services LLC

Prospect Financial Services LLC lessened its holdings in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,413 shares of the real estate investment trust's stock after selling 10,244 shares during the period. SL Green Realty makes up 11.2% of Prospect Financial Services LLC's portfolio, making the stock its biggest position. Prospect Financial Services LLC owned approximately 0.40% of SL Green Realty worth $18,058,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of SLG. Allspring Global Investments Holdings LLC bought a new position in SL Green Realty during the 2nd quarter worth about $29,000. Fidelis Capital Partners LLC acquired a new stake in SL Green Realty in the 1st quarter valued at approximately $55,000. Rothschild Investment LLC acquired a new position in SL Green Realty during the 2nd quarter worth approximately $55,000. GAMMA Investing LLC grew its stake in shares of SL Green Realty by 6.3% during the 1st quarter. GAMMA Investing LLC now owns 3,305 shares of the real estate investment trust's stock worth $182,000 after acquiring an additional 196 shares in the last quarter. Finally, Meeder Advisory Services Inc. bought a new stake in shares of SL Green Realty in the first quarter worth $201,000. 89.96% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SLG has been the subject of a number of analyst reports. Barclays raised their target price on shares of SL Green Realty from $58.00 to $66.00 and gave the company an "equal weight" rating in a research report on Thursday, October 10th. Scotiabank lifted their target price on SL Green Realty from $53.00 to $68.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 7th. BMO Capital Markets increased their price target on SL Green Realty from $58.00 to $72.00 and gave the company an "outperform" rating in a research report on Tuesday, July 30th. Morgan Stanley boosted their price target on SL Green Realty from $47.00 to $50.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 9th. Finally, Truist Financial increased their price objective on SL Green Realty from $47.00 to $55.00 and gave the company a "hold" rating in a report on Friday, July 19th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $60.43.

SL Green Realty Price Performance

SL Green Realty stock opened at $71.74 on Wednesday. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of -26.87, a PEG ratio of 1.86 and a beta of 1.83. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.98. SL Green Realty Corp. has a 12 month low of $28.55 and a 12 month high of $73.80. The stock's 50 day moving average is $66.76 and its 200-day moving average is $59.22.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported ($0.04) EPS for the quarter, beating analysts' consensus estimates of ($0.13) by $0.09. The firm had revenue of $222.82 million for the quarter, compared to analyst estimates of $133.83 million. SL Green Realty had a negative return on equity of 3.92% and a negative net margin of 19.31%. The company's revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.43 EPS. Equities research analysts expect that SL Green Realty Corp. will post 7.61 EPS for the current year.

SL Green Realty Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date of this dividend was Monday, September 30th. SL Green Realty's dividend payout ratio is -112.36%.

About SL Green Realty

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.

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