Quantbot Technologies LP Purchases 60,649 Shares of SL Green Realty Corp. (NYSE:SLG)

Quantbot Technologies LP lifted its stake in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 176.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,043 shares of the real estate investment trust's stock after purchasing an additional 60,649 shares during the quarter. Quantbot Technologies LP owned about 0.14% of SL Green Realty worth $6,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings in SL Green Realty by 50.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,886 shares of the real estate investment trust's stock worth $2,573,000 after acquiring an additional 12,681 shares during the period. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in SL Green Realty by 27.1% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 37,026 shares of the real estate investment trust's stock worth $2,515,000 after acquiring an additional 7,892 shares during the period. Maryland State Retirement & Pension System grew its holdings in SL Green Realty by 8.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 23,803 shares of the real estate investment trust's stock worth $1,617,000 after acquiring an additional 1,916 shares during the period. Xponance Inc. increased its stake in SL Green Realty by 24.8% in the 4th quarter. Xponance Inc. now owns 5,388 shares of the real estate investment trust's stock worth $366,000 after purchasing an additional 1,070 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in SL Green Realty by 13.5% in the 4th quarter. Thrivent Financial for Lutherans now owns 57,780 shares of the real estate investment trust's stock worth $3,924,000 after purchasing an additional 6,882 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

A number of brokerages recently weighed in on SLG. Barclays dropped their price target on SL Green Realty from $78.00 to $76.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company dropped 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. Bank of America dropped their price target on SL Green Realty from $80.00 to $73.00 and set a "neutral" rating on the stock in a research note on Monday, January 27th. JPMorgan Chase & Co. upgraded SL Green Realty from an "underweight" rating to a "neutral" rating and raised their price objective for the stock from $51.00 to $80.00 in a research report on Tuesday, December 10th. Finally, Scotiabank decreased their price objective on 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. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, SL Green Realty has a consensus rating of "Hold" and a consensus target price of $69.87.

SL Green Realty Stock Performance

NYSE SLG traded down $0.40 during trading on Tuesday, hitting $57.84. The company's stock had a trading volume of 556,580 shares, compared to its average volume of 844,873. 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 firm has a 50 day moving average price of $63.81 and a 200 day moving average price of $69.30. The firm has a market cap of $4.12 billion, a P/E ratio of 722.98, a price-to-earnings-growth ratio of 5.30 and a beta of 1.82. SL Green Realty Corp. has a 52 week low of $47.22 and a 52 week high of $82.81.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 EPS for the quarter, topping the consensus estimate of ($0.45) by $1.90. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. Equities research analysts forecast 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 declared a monthly dividend, which was paid on Monday, March 17th. Shareholders of record on Friday, February 28th were given a $0.2575 dividend. This represents a $3.09 annualized dividend and a yield of 5.34%. The ex-dividend date of this dividend was Friday, February 28th. SL Green Realty's dividend payout ratio is currently 3,862.50%.

Insider Activity

In other news, Director Craig M. Hatkoff sold 3,455 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $66.30, for a total transaction of $229,066.50. Following the sale, the director now directly owns 2,052 shares in the company, valued at approximately $136,047.60. The trade was a 62.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 5.08% of the stock is currently owned by company insiders.

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.