12,611 Shares in SL Green Realty Corp. (NYSE:SLG) Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new stake in SL Green Realty Corp. (NYSE:SLG - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 12,611 shares of the real estate investment trust's stock, valued at approximately $857,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mariner LLC increased its stake in SL Green Realty by 2.1% in the fourth quarter. Mariner LLC now owns 18,241 shares of the real estate investment trust's stock valued at $1,239,000 after purchasing an additional 379 shares during the last quarter. Barclays PLC increased its stake in shares of SL Green Realty by 13.2% during the 4th quarter. Barclays PLC now owns 125,478 shares of the real estate investment trust's stock valued at $8,522,000 after acquiring an additional 14,612 shares during the last quarter. Summit Investment Advisors Inc. lifted its holdings in shares of SL Green Realty by 12.6% during the 4th quarter. Summit Investment Advisors Inc. now owns 7,375 shares of the real estate investment trust's stock worth $501,000 after acquiring an additional 827 shares during the period. Sterling Capital Management LLC grew its holdings in SL Green Realty by 909.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,261 shares of the real estate investment trust's stock valued at $154,000 after purchasing an additional 2,037 shares during the period. Finally, CenterBook Partners LP purchased a new position in SL Green Realty during the fourth quarter worth approximately $774,000. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on SLG shares. Barclays cut their target price on SL Green Realty from $78.00 to $76.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Piper Sandler decreased their target price on SL Green Realty from $90.00 to $72.00 and set an "overweight" rating for the company in a report on Monday. Evercore ISI upgraded shares of SL Green Realty from an "in-line" rating to an "outperform" rating and cut their price target for the company from $74.00 to $73.00 in a report on Monday, March 17th. Truist Financial dropped their price objective on shares of SL Green Realty from $62.00 to $54.00 and set a "hold" rating for the company in a research report on Wednesday. Finally, Morgan Stanley lifted their target price on shares of SL Green Realty from $52.00 to $55.00 and gave the company an "equal weight" rating in a report on Wednesday, March 12th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $68.13.

Insider Buying and Selling

In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of the firm'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 of the company's stock, valued at $136,047.60. This trade represents a 62.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.08% of the stock is currently owned by company insiders.

SL Green Realty Stock Up 1.8 %

NYSE SLG traded up $0.96 during trading hours on Thursday, reaching $54.51. 544,751 shares of the company traded hands, compared to its average volume of 852,711. The stock has a market capitalization of $3.89 billion, a PE ratio of 681.38, a PEG ratio of 5.30 and a beta of 1.61. The company has a current ratio of 2.89, a quick ratio of 2.58 and a debt-to-equity ratio of 0.90. SL Green Realty Corp. has a 12 month low of $45.15 and a 12 month high of $82.81. The company has a 50 day moving average of $57.36 and a two-hundred day moving average of $66.47.

SL Green Realty (NYSE:SLG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 16th. The real estate investment trust reported $1.40 EPS for the quarter, topping the consensus estimate of $1.27 by $0.13. The business had revenue of $144.52 million for the quarter, compared to analysts' expectations of $158.44 million. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. As a group, equities analysts expect that SL Green Realty Corp. will post 5.43 earnings per share for the current year.

SL Green Realty Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a dividend yield of 1.89%. The ex-dividend date of this dividend is Wednesday, April 30th. SL Green Realty's dividend payout ratio is currently -735.71%.

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.