Caxton Associates LLP Takes Position in SL Green Realty Corporation $SLG

Caxton Associates LLP bought a new stake in SL Green Realty Corporation (NYSE:SLG) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,869 shares of the real estate investment trust’s stock, valued at approximately $365,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in SLG. Cohen & Steers Inc. bought a new position in SL Green Realty in the fourth quarter valued at approximately $121,675,000. Goldman Sachs Group Inc. raised its position in SL Green Realty by 62.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock valued at $133,862,000 after purchasing an additional 1,117,357 shares in the last quarter. Norges Bank bought a new stake in SL Green Realty during the fourth quarter worth $44,094,000. M&T Bank Corp bought a new stake in SL Green Realty during the fourth quarter worth $43,201,000. Finally, Victory Capital Management Inc. boosted its holdings in shares of SL Green Realty by 535.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,107,618 shares of the real estate investment trust’s stock valued at $50,806,000 after purchasing an additional 933,272 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

SL Green Realty Stock Performance

Shares of SL Green Realty stock opened at $53.05 on Wednesday. SL Green Realty Corporation has a fifty-two week low of $34.77 and a fifty-two week high of $66.29. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.10 and a quick ratio of 3.03. The firm has a market capitalization of $3.79 billion, a P/E ratio of -19.43 and a beta of 1.58. The company’s 50 day moving average price is $49.37 and its two-hundred day moving average price is $44.20.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.59) by $0.21. The company had revenue of $171.85 million during the quarter, compared to the consensus estimate of $179.01 million. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.43%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. On average, equities analysts forecast that SL Green Realty Corporation will post 5.15 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.6175 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a yield of 4.7%. SL Green Realty’s payout ratio is currently -90.48%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SLG shares. Wells Fargo & Company lifted their price target on SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. BMO Capital Markets restated an “outperform” rating and set a $60.00 price objective (up from $52.00) on shares of SL Green Realty in a research report on Monday. Barclays set a $52.00 price objective on SL Green Realty and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded SL Green Realty from a “strong sell” rating to a “sell” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. lifted their target price on SL Green Realty from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $54.95.

About SL Green Realty

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.