SL Green Realty Corp. (NYSE:SLG) Shares Sold by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale lessened its position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,455 shares of the real estate investment trust's stock after selling 7,293 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.11% of SL Green Realty worth $4,687,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of SL Green Realty by 4.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 3,769 shares of the real estate investment trust's stock worth $262,000 after acquiring an additional 148 shares during the last quarter. Xponance Inc. raised its holdings in shares of SL Green Realty by 6.6% in the 2nd quarter. Xponance Inc. now owns 4,234 shares of the real estate investment trust's stock valued at $240,000 after buying an additional 262 shares during the period. Vert Asset Management LLC boosted its holdings in SL Green Realty by 1.5% during the 3rd quarter. Vert Asset Management LLC now owns 26,909 shares of the real estate investment trust's stock valued at $1,873,000 after acquiring an additional 394 shares during the period. Louisiana State Employees Retirement System increased its stake in SL Green Realty by 1.6% during the second quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the real estate investment trust's stock worth $1,846,000 after purchasing an additional 500 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new position in SL Green Realty in the 2nd quarter valued at approximately $29,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

SLG has been the topic of several recent research reports. Compass Point set a $65.00 price target on SL Green Realty and gave the stock a "neutral" rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their price objective on shares of SL Green Realty from $38.00 to $42.00 and gave the stock a "sell" rating in a research report on Wednesday, July 31st. Scotiabank raised their price objective on shares of SL Green Realty from $68.00 to $80.00 and gave the stock a "sector perform" rating in a report on Friday, October 25th. Barclays lifted their target price on SL Green Realty from $66.00 to $78.00 and gave the stock an "equal weight" rating in a research report on Tuesday, October 22nd. Finally, Truist Financial raised their target price on shares of SL Green Realty from $47.00 to $55.00 and gave the stock a "hold" rating in a research report on Friday, July 19th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $65.57.

SL Green Realty Price Performance

SL Green Realty stock traded down $1.20 during midday trading on Friday, reaching $74.41. The company's stock had a trading volume of 739,712 shares, compared to its average volume of 977,210. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.59 and a current ratio of 2.58. SL Green Realty Corp. has a fifty-two week low of $29.26 and a fifty-two week high of $79.92. The firm has a market capitalization of $4.85 billion, a PE ratio of -30.25, a P/E/G ratio of 2.05 and a beta of 1.83. The stock's 50 day simple moving average is $70.01 and its 200 day simple moving average is $61.14.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its earnings results on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share 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 return on equity of 3.76% and a negative net margin of 16.78%. During the same quarter in the previous year, the company posted $1.27 earnings per share. On average, equities research analysts forecast that SL Green Realty Corp. will post 7.61 earnings per share for the current year.

SL Green Realty Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend is Thursday, October 31st. SL Green Realty's dividend payout ratio is presently -120.00%.

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.