15,085 Shares in SL Green Realty Corp. (NYSE:SLG) Bought by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas bought a new position in SL Green Realty Corp. (NYSE:SLG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,085 shares of the real estate investment trust's stock, valued at approximately $1,050,000.

A number of other large investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its stake in SL Green Realty by 50.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,913,049 shares of the real estate investment trust's stock valued at $202,777,000 after acquiring an additional 977,321 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of SL Green Realty by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,268,138 shares of the real estate investment trust's stock worth $88,275,000 after purchasing an additional 97,653 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in SL Green Realty by 9.7% during the second quarter. Dimensional Fund Advisors LP now owns 994,909 shares of the real estate investment trust's stock valued at $56,350,000 after purchasing an additional 88,309 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SL Green Realty by 1.8% during the second quarter. Bank of New York Mellon Corp now owns 810,490 shares of the real estate investment trust's stock worth $45,906,000 after buying an additional 14,167 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of SL Green Realty by 396.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 446,170 shares of the real estate investment trust's stock valued at $31,058,000 after buying an additional 356,275 shares in the last quarter. Institutional investors own 89.96% of the company's stock.

SL Green Realty Price Performance

Shares of SLG traded up $1.63 during mid-day trading on Friday, reaching $74.63. The company had a trading volume of 816,820 shares, compared to its average volume of 1,112,288. The company's 50-day moving average is $75.60 and its 200-day moving average is $66.75. 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 twelve month low of $41.81 and a twelve month high of $82.81.

SL Green Realty (NYSE:SLG - Get Free Report) last posted 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). SL Green Realty had a negative return on equity of 3.76% and a negative net margin of 16.78%. The firm had revenue of $229.69 million during the quarter, compared to the consensus estimate of $136.66 million. During the same period in the previous year, the company posted $1.27 EPS. On average, research analysts anticipate that SL Green Realty Corp. will post 7.82 EPS for the current fiscal year.

SL Green Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.2575 dividend. This is an increase from SL Green Realty's previous monthly dividend of $0.25. This represents a $3.09 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 31st. SL Green Realty's payout ratio is presently -120.00%.

Analyst Ratings Changes

SLG has been the topic of a number of recent research reports. Piper Sandler restated an "overweight" rating and issued a $90.00 target price (up from $75.00) on shares of SL Green Realty in a report on Monday, October 21st. Evercore ISI raised their target price on shares of SL Green Realty from $67.00 to $79.00 and gave the stock an "in-line" rating in a report on Monday, October 21st. Barclays boosted their price target on shares of SL Green Realty from $66.00 to $78.00 and gave the company an "equal weight" rating in a report on Tuesday, October 22nd. BMO Capital Markets reaffirmed an "outperform" rating and issued a $87.00 price objective (up previously from $72.00) on shares of SL Green Realty in a research note on Monday, October 21st. Finally, Bank of America increased their target price on SL Green Realty from $59.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $68.67.

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.