XTX Topco Ltd Makes New $1.88 Million Investment in SL Green Realty Corp. (NYSE:SLG)

XTX Topco Ltd bought a new stake in SL Green Realty Corp. (NYSE:SLG - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,008 shares of the real estate investment trust's stock, valued at approximately $1,880,000.

Other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its position in SL Green Realty by 50.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,913,049 shares of the real estate investment trust's stock valued at $202,777,000 after acquiring an additional 977,321 shares in the last quarter. Weiss Asset Management LP purchased a new position in shares of SL Green Realty in the third quarter valued at approximately $771,000. Quadrature Capital Ltd acquired a new position in shares of SL Green Realty in the third quarter valued at approximately $828,000. Quantinno Capital Management LP increased its stake in SL Green Realty by 5.7% during the 3rd quarter. Quantinno Capital Management LP now owns 79,773 shares of the real estate investment trust's stock worth $5,553,000 after buying an additional 4,334 shares during the period. Finally, Point72 DIFC Ltd acquired a new stake in SL Green Realty during the 3rd quarter worth approximately $35,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

NYSE:SLG traded up $1.50 during mid-day trading on Friday, reaching $75.16. 757,097 shares of the stock were exchanged, compared to its average volume of 1,009,523. The stock has a market capitalization of $4.95 billion, a P/E ratio of -30.06, a P/E/G ratio of 3.64 and a beta of 1.81. SL Green Realty Corp. has a 1 year low of $40.30 and a 1 year high of $82.81. The company has a 50 day simple moving average of $75.04 and a 200-day simple moving average of $66.02. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06.

SL Green Realty (NYSE:SLG - Get Free Report) last announced its earnings results on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 business had revenue of $229.69 million for the quarter, compared to analysts' expectations of $136.66 million. During the same quarter last year, the business posted $1.27 earnings per share. Analysts anticipate that SL Green Realty Corp. will post 7.59 earnings per share for the current fiscal year.

SL Green Realty Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.2575 dividend. This represents a $3.09 dividend on an annualized basis and a dividend yield of 4.11%. 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. SL Green Realty's dividend payout ratio is presently -123.60%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Piper Sandler reiterated an "overweight" rating and issued a $90.00 price objective (up from $75.00) on shares of SL Green Realty in a research note on Monday, October 21st. Compass Point set a $65.00 price objective on SL Green Realty and gave the company a "neutral" rating in a research note on Friday, October 18th. Scotiabank upped their target price on shares of SL Green Realty from $68.00 to $80.00 and gave the stock a "sector perform" rating in a research note on Friday, October 25th. Morgan Stanley lifted their price target on shares of SL Green Realty from $47.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 9th. Finally, Jefferies Financial Group increased their price objective on shares of SL Green Realty from $70.00 to $72.00 and gave the company a "hold" rating in a research report on Friday, November 22nd. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $66.00.

SL Green Realty 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.