Hsbc Holdings PLC Buys 19,052 Shares of SL Green Realty Corporation $SLG

Hsbc Holdings PLC lifted its position in SL Green Realty Corporation (NYSE:SLG) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,367 shares of the real estate investment trust’s stock after buying an additional 19,052 shares during the quarter. Hsbc Holdings PLC’s holdings in SL Green Realty were worth $6,030,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Triumph Capital Management purchased a new position in SL Green Realty during the third quarter valued at approximately $45,000. Fourth Dimension Wealth LLC increased its holdings in SL Green Realty by 45.5% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 500 shares during the period. Hantz Financial Services Inc. lifted its stake in SL Green Realty by 30.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 378 shares in the last quarter. Fifth Third Bancorp lifted its stake in SL Green Realty by 255.2% in the 4th quarter. Fifth Third Bancorp now owns 2,540 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 1,825 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in SL Green Realty by 449.9% in the 4th quarter. Farther Finance Advisors LLC now owns 3,162 shares of the real estate investment trust’s stock valued at $145,000 after purchasing an additional 2,587 shares during the period. 89.96% of the stock is currently owned by institutional investors.

SL Green Realty Price Performance

Shares of NYSE:SLG opened at $48.37 on Thursday. The company’s fifty day moving average price is $47.22 and its 200-day moving average price is $43.71. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of -19.27 and a beta of 1.58. SL Green Realty Corporation has a one year low of $34.77 and a one year high of $66.29. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 3.03.

SL Green Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.6175 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $2.47 annualized dividend and a yield of 5.1%. SL Green Realty’s payout ratio is -98.41%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SLG shares. Weiss Ratings upgraded shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Citigroup lowered their price objective on SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a research report on Tuesday, March 24th. LADENBURG THALM/SH SH lifted their price objective on SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday. Evercore cut SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 target price for the company. in a research report on Monday. Finally, Morgan Stanley decreased their target price on SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $50.75.

SL Green Realty Profile

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.