SL Green Realty Corp. (NYSE:SLG) Stock Holdings Decreased by Sei Investments Co.

Sei Investments Co. lessened its position in SL Green Realty Corp. (NYSE:SLG) by 48.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,135 shares of the real estate investment trust’s stock after selling 13,335 shares during the quarter. Sei Investments Co.’s holdings in SL Green Realty were worth $801,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLG. Allspring Global Investments Holdings LLC acquired a new position in SL Green Realty during the second quarter valued at approximately $29,000. Fidelis Capital Partners LLC acquired a new position in SL Green Realty during the 1st quarter worth $55,000. Rothschild Investment LLC acquired a new position in SL Green Realty during the 2nd quarter worth $55,000. GAMMA Investing LLC grew its position in shares of SL Green Realty by 6.3% in the first quarter. GAMMA Investing LLC now owns 3,305 shares of the real estate investment trust’s stock valued at $182,000 after purchasing an additional 196 shares during the last quarter. Finally, Meeder Advisory Services Inc. bought a new position in shares of SL Green Realty in the first quarter worth about $201,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Trading Down 0.7 %

SLG stock opened at $66.51 on Wednesday. The company has a market capitalization of $4.38 billion, a PE ratio of -8.05, a price-to-earnings-growth ratio of 1.91 and a beta of 1.83. The company has a debt-to-equity ratio of 0.98, a quick ratio of 2.59 and a current ratio of 2.59. SL Green Realty Corp. has a one year low of $28.55 and a one year high of $73.80. The company’s 50 day moving average price is $66.24 and its two-hundred day moving average price is $58.58.

SL Green Realty (NYSE:SLG) last issued its earnings results on Wednesday, July 17th. The real estate investment trust reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.13) by $0.09. The company had revenue of $222.82 million for the quarter, compared to the consensus estimate of $133.83 million. SL Green Realty had a negative net margin of 19.31% and a negative return on equity of 3.92%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.43 earnings per share. As a group, analysts predict that SL Green Realty Corp. will post 7.58 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.25 per share. This represents a $3.00 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Monday, September 30th. SL Green Realty’s dividend payout ratio (DPR) is presently -36.32%.

Analyst Ratings Changes

SLG has been the subject of a number of research analyst reports. The Goldman Sachs Group upped their price target on SL Green Realty from $38.00 to $42.00 and gave the stock a “sell” rating in a report on Wednesday, July 31st. Barclays raised their price objective on SL Green Realty from $49.00 to $58.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 30th. StockNews.com upgraded SL Green Realty to a “sell” rating in a research report on Friday, July 19th. Compass Point raised SL Green Realty from a “sell” rating to a “neutral” rating and raised their target price for the stock from $35.00 to $60.00 in a research report on Wednesday, September 18th. Finally, Wells Fargo & Company boosted their price target on shares of SL Green Realty from $43.00 to $63.00 and gave the company an “equal weight” rating in a report on Wednesday, September 11th. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $59.64.

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.