Atria Wealth Solutions Inc. Has $263,000 Stock Position in SL Green Realty Corp. (NYSE:SLG)

Atria Wealth Solutions Inc. cut its stake in shares of SL Green Realty Corp. (NYSE:SLG) by 4.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,824 shares of the real estate investment trust’s stock after selling 295 shares during the period. Atria Wealth Solutions Inc.’s holdings in SL Green Realty were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new stake in shares of SL Green Realty in the 4th quarter valued at about $140,000. New York State Common Retirement Fund boosted its position in shares of SL Green Realty by 86.3% during the fourth quarter. New York State Common Retirement Fund now owns 51,430 shares of the real estate investment trust’s stock worth $2,323,000 after purchasing an additional 23,826 shares in the last quarter. Illinois Municipal Retirement Fund bought a new position in shares of SL Green Realty during the fourth quarter worth $1,534,000. Duality Advisers LP bought a new stake in shares of SL Green Realty in the 4th quarter valued at $479,000. Finally, Handelsbanken Fonder AB increased its position in shares of SL Green Realty by 21.4% in the 4th quarter. Handelsbanken Fonder AB now owns 14,165 shares of the real estate investment trust’s stock valued at $640,000 after buying an additional 2,500 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

Insider Activity at SL Green Realty

In related news, Director Carol N. Brown sold 5,118 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.37, for a total transaction of $227,085.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.08% of the company’s stock.

SL Green Realty Stock Performance

Shares of NYSE SLG opened at $50.93 on Thursday. The stock has a 50 day moving average price of $51.32 and a 200 day moving average price of $44.76. SL Green Realty Corp. has a 52 week low of $20.51 and a 52 week high of $55.75. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.23 and a current ratio of 2.96. The stock has a market capitalization of $3.35 billion, a PE ratio of -6.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.72.

SL Green Realty Cuts Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, May 15th. Investors of record on Tuesday, April 30th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, April 29th. This represents a $3.00 annualized dividend and a yield of 5.89%. SL Green Realty’s dividend payout ratio (DPR) is presently -36.32%.

Analyst Upgrades and Downgrades

SLG has been the subject of a number of research analyst reports. Barclays raised SL Green Realty from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $35.00 to $48.00 in a research note on Wednesday, March 27th. The Goldman Sachs Group raised their target price on shares of SL Green Realty from $30.00 to $36.00 and gave the stock a “sell” rating in a report on Thursday, January 11th. Scotiabank upped their price target on shares of SL Green Realty from $40.00 to $43.00 and gave the company a “sector underperform” rating in a report on Tuesday, April 2nd. Truist Financial lowered shares of SL Green Realty from a “buy” rating to a “hold” rating and raised their price objective for the stock from $44.00 to $47.00 in a report on Tuesday, January 16th. Finally, JPMorgan Chase & Co. upped their target price on shares of SL Green Realty from $43.00 to $44.00 and gave the stock an “underweight” rating in a research note on Thursday, April 25th. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.00.

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.