SL Green Realty Corp. (NYSE:SLG) Shares Acquired by Fmr LLC

FMR LLC boosted its stake in shares of SL Green Realty Corp. (NYSE:SLG - Free Report) by 69.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 58,185 shares of the real estate investment trust's stock after purchasing an additional 23,780 shares during the quarter. FMR LLC owned approximately 0.09% of SL Green Realty worth $4,050,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its position in shares of SL Green Realty by 272.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 372 shares of the real estate investment trust's stock worth $26,000 after acquiring an additional 272 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of SL Green Realty during the 2nd quarter worth about $29,000. Friedenthal Financial acquired a new stake in shares of SL Green Realty in the 3rd quarter valued at about $49,000. Blue Trust Inc. boosted its position in shares of SL Green Realty by 363.2% in the 3rd quarter. Blue Trust Inc. now owns 806 shares of the real estate investment trust's stock valued at $56,000 after purchasing an additional 632 shares during the period. Finally, Rothschild Investment LLC acquired a new stake in shares of SL Green Realty in the 2nd quarter valued at about $55,000. Hedge funds and other institutional investors own 89.96% of the company's stock.

SL Green Realty Price Performance

NYSE SLG traded up $1.63 during mid-day trading on Friday, hitting $74.63. The stock had a trading volume of 816,820 shares, compared to its average volume of 981,668. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06. The company has a 50 day simple moving average of $75.60 and a 200 day simple moving average of $66.64. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -29.85, a P/E/G ratio of 3.49 and a beta of 1.81. SL Green Realty Corp. has a 52-week low of $41.81 and a 52-week high of $82.81.

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) 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 company had revenue of $229.69 million for the quarter, compared to analysts' expectations of $136.66 million. During the same period in the previous year, the business posted $1.27 EPS. Equities analysts forecast that SL Green Realty Corp. will post 7.84 EPS for the current fiscal year.

SL Green Realty Increases Dividend

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

Wall Street Analysts Forecast Growth

SLG has been the subject of a number of research analyst reports. Bank of America upped their target price on SL Green Realty from $59.00 to $62.00 and gave the company a "neutral" rating in a research report on Thursday, August 22nd. Jefferies Financial Group upped their target price 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. Barclays upped their target price on SL Green Realty from $66.00 to $78.00 and gave the company an "equal weight" rating in a research report on Tuesday, October 22nd. BMO Capital Markets reissued an "outperform" rating and issued a $87.00 target price (up from $72.00) on shares of SL Green Realty in a research report on Monday, October 21st. Finally, Wells Fargo & Company increased their price objective on 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. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has an average 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.