Vanderbilt University Acquires New Holdings in SL Green Realty Corp. (NYSE:SLG)

Vanderbilt University purchased a new stake in SL Green Realty Corp. (NYSE:SLG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,798 shares of the real estate investment trust's stock, valued at approximately $258,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC boosted 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 worth $26,000 after purchasing an additional 272 shares during the period. Point72 DIFC Ltd acquired a new stake in shares of SL Green Realty in the third quarter worth $35,000. Friedenthal Financial purchased a new position in shares of SL Green Realty during the third quarter valued at $49,000. Blue Trust Inc. raised its position in 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. Finally, Versant Capital Management Inc lifted its stake in SL Green Realty by 17.7% in the 4th quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 157 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company's stock.

SL Green Realty Stock Performance

SLG stock traded down $0.80 on Friday, reaching $65.97. 511,239 shares of the company were exchanged, compared to its average volume of 780,111. The firm has a market capitalization of $4.35 billion, a PE ratio of 824.59, a PEG ratio of 5.49 and a beta of 1.82. SL Green Realty Corp. has a 12 month low of $42.10 and a 12 month high of $82.81. The stock's fifty day moving average price is $68.24 and its 200 day moving average price is $69.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.21 and a quick ratio of 2.58.

SL Green Realty (NYSE:SLG - Get Free Report) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share (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, research analysts anticipate that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a $0.2575 dividend. The ex-dividend date is Friday, January 31st. This represents a $3.09 dividend on an annualized basis and a dividend yield of 4.68%. SL Green Realty's dividend payout ratio is currently 3,862.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price on SL Green Realty from $76.00 to $69.00 and set an "equal weight" rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded shares of SL Green Realty from an "underweight" rating to a "neutral" rating and increased their target price for the stock from $51.00 to $80.00 in a research report on Tuesday, December 10th. Jefferies Financial Group lowered their price target on shares of SL Green Realty from $75.00 to $69.00 and set a "hold" rating on the stock in a report on Thursday, January 2nd. Bank of America cut their price objective on SL Green Realty from $80.00 to $73.00 and set a "neutral" rating for the company in a report on Monday, January 27th. Finally, Evercore ISI boosted their target price on SL Green Realty from $67.00 to $79.00 and gave the company an "in-line" rating in a research note on Monday, October 21st. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, SL Green Realty presently has an average rating of "Hold" and a consensus target price of $71.07.

Insider Transactions at SL Green Realty

In other news, Director Craig M. Hatkoff sold 3,455 shares of SL Green Realty stock in a transaction dated Friday, January 24th. The shares were 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.08% of the stock is owned by insiders.

About SL Green Realty

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.