SL Green Realty Corp. (NYSE:SLG) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its position in shares of SL Green Realty Corp. (NYSE:SLG) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,502 shares of the real estate investment trust’s stock after purchasing an additional 748 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.14% of SL Green Realty worth $6,439,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its holdings in SL Green Realty by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 121,022 shares of the real estate investment trust’s stock valued at $6,885,000 after acquiring an additional 2,797 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in shares of SL Green Realty by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 32,600 shares of the real estate investment trust’s stock valued at $1,846,000 after purchasing an additional 500 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of SL Green Realty by 1.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 810,490 shares of the real estate investment trust’s stock worth $45,906,000 after purchasing an additional 14,167 shares during the period. Allspring Global Investments Holdings LLC acquired a new stake in shares of SL Green Realty during the 2nd quarter worth about $29,000. Finally, Rothschild Investment LLC purchased a new stake in SL Green Realty in the 2nd quarter valued at about $55,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Compass Point increased their target price on shares of SL Green Realty from $65.00 to $75.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group increased their price objective on shares of SL Green Realty from $70.00 to $72.00 and gave the stock a “hold” rating in a research report on Friday, November 22nd. JPMorgan Chase & Co. raised SL Green Realty from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $51.00 to $80.00 in a research report on Tuesday. Morgan Stanley raised their price target on SL Green Realty from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price objective on SL Green Realty from $59.00 to $62.00 and gave the company a “neutral” rating in a report on Thursday, August 22nd. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, SL Green Realty currently has a consensus rating of “Hold” and an average target price of $68.67.

SL Green Realty Price Performance

Shares of SLG opened at $74.60 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.06. The firm’s fifty day simple moving average is $75.46 and its 200-day simple moving average is $66.47. The firm has a market capitalization of $4.92 billion, a price-to-earnings ratio of -29.84, a PEG ratio of 3.49 and a beta of 1.81. SL Green Realty Corp. has a twelve month low of $41.81 and a twelve month high of $82.81.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, October 16th. The real estate investment trust reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of $1.21 by ($1.42). The business had revenue of $229.69 million during the quarter, compared to analyst estimates of $136.66 million. SL Green Realty had a negative net margin of 16.78% and a negative return on equity of 3.76%. During the same quarter in the prior year, the business earned $1.27 earnings per share. Equities analysts forecast that SL Green Realty Corp. will post 7.84 EPS 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. Investors of record on Tuesday, December 31st will be paid a dividend of $0.2575 per share. This is a boost from SL Green Realty’s previous monthly dividend of $0.25. The ex-dividend date is Tuesday, December 31st. This represents a $3.09 annualized dividend and a yield of 4.14%. SL Green Realty’s payout ratio is presently -120.00%.

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.