Hosking Partners LLP Sells 14,630 Shares of SL Green Realty Corp. (NYSE:SLG)

Hosking Partners LLP decreased its position in SL Green Realty Corp. (NYSE:SLG - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 253,102 shares of the real estate investment trust's stock after selling 14,630 shares during the period. Hosking Partners LLP owned 0.38% of SL Green Realty worth $17,191,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Venturi Wealth Management LLC raised its stake in SL Green Realty by 272.0% in the 3rd quarter. Venturi Wealth Management LLC now owns 372 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 272 shares during the period. Point72 DIFC Ltd purchased a new position in SL Green Realty during the 3rd quarter valued at about $35,000. Blue Trust Inc. increased its position in shares of SL Green Realty by 363.2% during the third quarter. Blue Trust Inc. now owns 806 shares of the real estate investment trust's stock valued at $56,000 after buying an additional 632 shares during the period. Versant Capital Management Inc lifted its holdings in shares of SL Green Realty by 17.7% in the fourth quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust's stock worth $71,000 after buying an additional 157 shares in the last quarter. Finally, Game Plan Financial Advisors LLC bought a new position in shares of SL Green Realty in the fourth quarter valued at approximately $149,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at SL Green Realty

In related news, Director Craig M. Hatkoff sold 3,455 shares of the company's stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $66.30, for a total value of $229,066.50. Following the transaction, the director now owns 2,052 shares in the company, valued at $136,047.60. The trade was a 62.74 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.08% of the company's stock.

Remove Ads

Analyst Upgrades and Downgrades

SLG has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded SL Green Realty from an "underweight" rating to a "neutral" rating and upped their target price for the stock from $51.00 to $80.00 in a research note on Tuesday, December 10th. Jefferies Financial Group cut their price objective on SL Green Realty from $75.00 to $69.00 and set a "hold" rating for the company in a report on Thursday, January 2nd. Scotiabank lowered their target price on shares of SL Green Realty from $81.00 to $75.00 and set a "sector perform" rating on the stock in a research note on Friday. Wells Fargo & Company cut their price target on shares of SL Green Realty from $76.00 to $69.00 and set an "equal weight" rating for the company in a research note on Monday, February 3rd. Finally, Bank of America decreased their price target on shares of SL Green Realty from $80.00 to $73.00 and set a "neutral" rating on the stock in a report on Monday, January 27th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $70.67.

SL Green Realty Trading Down 1.8 %

SL Green Realty stock traded down $1.14 during mid-day trading on Tuesday, reaching $61.64. 980,917 shares of the company traded hands, compared to its average volume of 858,823. The firm's 50 day moving average price is $65.53 and its 200 day moving average price is $69.73. SL Green Realty Corp. has a 52-week low of $47.22 and a 52-week high of $82.81. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.89 and a quick ratio of 2.58. The firm has a market capitalization of $4.40 billion, a price-to-earnings ratio of 770.55, a P/E/G ratio of 5.30 and a beta of 1.82.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.48% and a negative return on equity of 0.10%. On average, analysts anticipate that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be issued a $0.2575 dividend. The ex-dividend date is Friday, February 28th. This represents a $3.09 dividend on an annualized basis and a yield of 5.01%. SL Green Realty's dividend payout ratio (DPR) is 3,862.50%.

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.