Inceptionr LLC Purchases New Shares in SL Green Realty Corporation $SLG

Inceptionr LLC bought a new position in SL Green Realty Corporation (NYSE:SLG) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 13,767 shares of the real estate investment trust’s stock, valued at approximately $509,000.

Several other institutional investors also recently modified their holdings of SLG. AQR Capital Management LLC increased its stake in SL Green Realty by 74.8% during the 1st quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust’s stock valued at $1,519,000 after purchasing an additional 11,506 shares in the last quarter. United Services Automobile Association bought a new position in shares of SL Green Realty in the first quarter worth approximately $253,000. Empowered Funds LLC grew its holdings in shares of SL Green Realty by 10.9% during the first quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust’s stock valued at $425,000 after buying an additional 722 shares during the last quarter. Creative Planning purchased a new stake in shares of SL Green Realty during the second quarter valued at approximately $421,000. Finally, California Public Employees Retirement System increased its position in shares of SL Green Realty by 4.6% during the second quarter. California Public Employees Retirement System now owns 131,528 shares of the real estate investment trust’s stock valued at $8,142,000 after acquiring an additional 5,789 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

SL Green Realty Stock Performance

Shares of SLG opened at $54.62 on Friday. The company has a quick ratio of 3.03, a current ratio of 3.10 and a debt-to-equity ratio of 1.12. The business has a 50-day simple moving average of $48.91 and a two-hundred day simple moving average of $44.15. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -20.01 and a beta of 1.58. SL Green Realty Corporation has a 52 week low of $34.77 and a 52 week high of $66.29.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.21. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.43%. The business had revenue of $171.85 million for the quarter, compared to the consensus estimate of $179.01 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. On average, analysts expect that SL Green Realty Corporation will post 4.53 EPS for the current year.

SL Green Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders 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 dividend yield of 4.5%. SL Green Realty’s dividend payout ratio (DPR) is presently -90.48%.

Analyst Ratings Changes

SLG has been the topic of a number of research analyst reports. UBS Group set a $56.00 price target on SL Green Realty in a report on Monday, July 6th. Scotiabank restated an “outperform” rating and set a $56.00 target price (up from $53.00) on shares of SL Green Realty in a research note on Tuesday. Wall Street Zen upgraded shares of SL Green Realty from a “strong sell” rating to a “sell” rating in a research note on Saturday. Weiss Ratings raised shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Mizuho increased their price objective on shares of SL Green Realty from $38.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. Seven 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, SL Green Realty has an average rating of “Hold” and an average price target of $54.75.

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.