SL Green Realty Corp. (NYSE:SLG) Shares Acquired by Venturi Wealth Management LLC

Venturi Wealth Management LLC increased its position in shares of SL Green Realty Corp. (NYSE:SLG) by 272.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372 shares of the real estate investment trust’s stock after purchasing an additional 272 shares during the quarter. Venturi Wealth Management LLC’s holdings in SL Green Realty were worth $26,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SLG. ProShare Advisors LLC boosted its holdings in shares of SL Green Realty by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 13,068 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 906 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in SL Green Realty by 411.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 85,924 shares of the real estate investment trust’s stock worth $4,737,000 after purchasing an additional 69,119 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of SL Green Realty by 3.8% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 39,523 shares of the real estate investment trust’s stock valued at $2,179,000 after buying an additional 1,443 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of SL Green Realty by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 10,384,977 shares of the real estate investment trust’s stock valued at $572,524,000 after buying an additional 60,032 shares during the period. Finally, Edgestream Partners L.P. boosted its stake in shares of SL Green Realty by 19.6% in the first quarter. Edgestream Partners L.P. now owns 87,702 shares of the real estate investment trust’s stock worth $4,835,000 after buying an additional 14,354 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SLG shares. Evercore ISI lifted their price target on SL Green Realty from $67.00 to $79.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. BMO Capital Markets reiterated an “outperform” rating and issued a $87.00 target price (up from $72.00) on shares of SL Green Realty in a research note on Monday, October 21st. Barclays raised their price target on shares of SL Green Realty from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Compass Point set a $65.00 price objective on shares of SL Green Realty and gave the stock a “neutral” rating in a research report on Friday, October 18th. Finally, The Goldman Sachs Group increased their target price on shares of SL Green Realty from $38.00 to $42.00 and gave the stock a “sell” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, SL Green Realty has an average rating of “Hold” and a consensus price target of $65.57.

SL Green Realty Stock Down 0.5 %

NYSE SLG opened at $75.64 on Friday. The business has a fifty day moving average price of $72.72 and a 200 day moving average price of $63.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market cap of $4.99 billion, a P/E ratio of -30.26, a P/E/G ratio of 2.01 and a beta of 1.82. SL Green Realty Corp. has a one year low of $32.78 and a one year 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). 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 analyst estimates of $136.66 million. During the same quarter in the previous year, the firm posted $1.27 earnings per share. Research analysts anticipate that SL Green Realty Corp. will post 7.61 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Friday, November 15th. Investors of record on Thursday, October 31st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $3.00 dividend on an annualized basis and a yield of 3.97%. SL Green Realty’s payout ratio is -120.00%.

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.