Cerity Partners LLC Has $924,000 Stock Position in SL Green Realty Corp. (NYSE:SLG)

Cerity Partners LLC lifted its position in SL Green Realty Corp. (NYSE:SLG - Free Report) by 105.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,276 shares of the real estate investment trust's stock after buying an additional 6,810 shares during the quarter. Cerity Partners LLC's holdings in SL Green Realty were worth $924,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nwam LLC acquired a new stake in SL Green Realty in the 3rd quarter worth approximately $213,000. Citigroup Inc. boosted its holdings in shares of SL Green Realty by 54.6% during the 3rd quarter. Citigroup Inc. now owns 85,587 shares of the real estate investment trust's stock worth $5,958,000 after buying an additional 30,220 shares during the period. Charles Schwab Investment Management Inc. grew its stake in 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 valued at $88,275,000 after buying an additional 97,653 shares during the last quarter. Intech Investment Management LLC bought a new position in SL Green Realty in the 3rd quarter worth $1,314,000. Finally, Phocas Financial Corp. lifted its position in SL Green Realty by 52.5% during the 3rd quarter. Phocas Financial Corp. now owns 111,376 shares of the real estate investment trust's stock worth $7,753,000 after acquiring an additional 38,349 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

SL Green Realty Price Performance

Shares of NYSE SLG traded up $1.50 during midday trading on Friday, reaching $75.16. 757,096 shares of the company traded hands, compared to its average volume of 980,436. SL Green Realty Corp. has a 12 month low of $40.30 and a 12 month high of $82.81. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.58 and a current ratio of 2.58. The stock's 50-day simple moving average is $74.93 and its 200-day simple moving average is $65.67. The firm has a market cap of $4.96 billion, a PE ratio of -29.46, a PEG ratio of 3.61 and a beta of 1.81.

SL Green Realty (NYSE:SLG - Get Free Report) last released its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts' consensus estimates of $1.21 by ($1.42). The business had revenue of $229.69 million for the quarter, compared to the consensus estimate 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 last year, the company earned $1.27 earnings per share. As a group, equities analysts anticipate that SL Green Realty Corp. will post 7.6 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The business 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 $0.25 dividend. This represents a $3.00 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend is Friday, November 29th. SL Green Realty's payout ratio is presently -120.00%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SLG. Compass Point set a $65.00 price objective on SL Green Realty and gave the stock a "neutral" rating in a research note on Friday, October 18th. Bank of America lifted their price target on SL Green Realty from $59.00 to $62.00 and gave the stock a "neutral" rating in a research report on Thursday, August 22nd. Jefferies Financial Group increased their price objective on SL Green Realty from $70.00 to $72.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their target price on shares of SL Green Realty from $43.00 to $63.00 and gave the stock an "equal weight" rating in a research report on Wednesday, September 11th. Finally, Scotiabank increased their price target 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. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $66.00.

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.