New York State Common Retirement Fund Has $2.50 Million Stake in SL Green Realty Corp. (NYSE:SLG)

New York State Common Retirement Fund grew its position in SL Green Realty Corp. (NYSE:SLG) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 36,741 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the quarter. New York State Common Retirement Fund owned about 0.06% of SL Green Realty worth $2,495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLG. Wellington Management Group LLP grew its position in shares of SL Green Realty by 50.5% in the third 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 purchasing an additional 977,321 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of SL Green Realty by 396.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 446,170 shares of the real estate investment trust’s stock valued at $31,058,000 after purchasing an additional 356,275 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in shares of SL Green Realty in the third quarter valued at approximately $18,811,000. Charles Schwab Investment Management Inc. grew its position in shares of SL Green Realty by 8.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,268,138 shares of the real estate investment trust’s stock valued at $88,275,000 after purchasing an additional 97,653 shares during the last quarter. Finally, Barclays PLC grew its position in shares of SL Green Realty by 304.8% in the third quarter. Barclays PLC now owns 110,866 shares of the real estate investment trust’s stock valued at $7,718,000 after purchasing an additional 83,478 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity

In other news, Director Craig M. Hatkoff sold 3,455 shares of the stock in a transaction on Friday, January 24th. The stock was sold at an average price of $66.30, for a total value of $229,066.50. Following the completion of the transaction, the director now directly owns 2,052 shares in the company, valued at approximately $136,047.60. This represents a 62.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.08% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on SLG shares. Barclays decreased 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. Bank of America reduced their price target on SL Green Realty from $80.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company reduced their price target on SL Green Realty from $76.00 to $69.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. Compass Point increased their price target on SL Green Realty from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. Finally, Mizuho increased their price target on SL Green Realty from $45.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $70.67.

SL Green Realty Trading Up 0.1 %

Shares of SLG stock opened at $64.65 on Friday. The stock’s fifty day moving average price is $65.63 and its two-hundred day moving average price is $69.69. The company has a market cap of $4.26 billion, a PE ratio of 808.06, a P/E/G ratio of 5.30 and a beta of 1.82. SL Green Realty Corp. has a fifty-two week low of $46.83 and a fifty-two week high of $82.81. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.58 and a current ratio of 2.89.

SL Green Realty (NYSE:SLG) last issued its earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.45) by $1.90. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. Equities analysts predict that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.2575 dividend. This represents a $3.09 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Friday, February 28th. SL Green Realty’s payout ratio is 3,862.50%.

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.