SL Green Realty Corp. (NYSE:SLG) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP lessened its position in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 67.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,394 shares of the real estate investment trust's stock after selling 71,966 shares during the quarter. Quantbot Technologies LP owned 0.05% of SL Green Realty worth $2,394,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. DekaBank Deutsche Girozentrale lifted its position in SL Green Realty by 18.7% during the first quarter. DekaBank Deutsche Girozentrale now owns 67,923 shares of the real estate investment trust's stock valued at $3,665,000 after purchasing an additional 10,704 shares during the period. Edgestream Partners L.P. raised its stake in shares of SL Green Realty by 40.1% during the 2nd quarter. Edgestream Partners L.P. now owns 122,880 shares of the real estate investment trust's stock valued at $6,960,000 after buying an additional 35,178 shares during the last quarter. Swedbank AB acquired a new position in shares of SL Green Realty in the 1st quarter valued at about $4,675,000. Waterfall Asset Management LLC purchased a new stake in shares of SL Green Realty in the second quarter worth about $3,172,000. Finally, Daiwa Securities Group Inc. grew its holdings in SL Green Realty by 13.2% during the second quarter. Daiwa Securities Group Inc. now owns 127,899 shares of the real estate investment trust's stock worth $7,244,000 after acquiring an additional 14,871 shares during the period. 89.96% of the stock is owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

Shares of SL Green Realty stock traded down $0.66 on Friday, hitting $78.19. The stock had a trading volume of 669,140 shares, compared to its average volume of 981,420. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06. SL Green Realty Corp. has a 52-week low of $36.10 and a 52-week high of $82.81. The company's 50 day moving average price is $74.51 and its 200 day moving average price is $64.93.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing analysts' consensus estimates of $1.21 by ($1.42). The firm had revenue of $229.69 million during the quarter, compared to analysts' expectations of $136.66 million. SL Green Realty had a negative net margin of 16.78% and a negative return on equity of 3.76%. During the same quarter in the prior year, the firm posted $1.27 EPS. On average, analysts expect that SL Green Realty Corp. will post 7.61 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.25 per share. This represents a $3.00 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend is Friday, November 29th. SL Green Realty's payout ratio is currently -120.00%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Bank of America boosted their price target on SL Green Realty from $59.00 to $62.00 and gave the company a "neutral" rating in a report on Thursday, August 22nd. Piper Sandler reissued an "overweight" rating and set a $90.00 price target (up from $75.00) on shares of SL Green Realty in a report on Monday, October 21st. Scotiabank lifted their price objective on shares of SL Green Realty from $68.00 to $80.00 and gave the company a "sector perform" rating in a report on Friday, October 25th. Jefferies Financial Group increased their target price on shares of SL Green Realty from $70.00 to $72.00 and gave the stock a "hold" rating in a research note on Friday, November 22nd. Finally, JPMorgan Chase & Co. lifted their price target on SL Green Realty from $44.00 to $51.00 and gave the company an "underweight" rating in a research note on Tuesday, August 6th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, SL Green Realty presently has an average rating of "Hold" and a consensus price target of $66.00.

SL Green Realty 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.