SL Green Realty Corporation $SLG Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 15,825.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 480,634 shares of the real estate investment trust’s stock after buying an additional 477,616 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.68% of SL Green Realty worth $24,882,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in SL Green Realty by 2.9% during the 2nd quarter. Van ECK Associates Corp now owns 25,264 shares of the real estate investment trust’s stock worth $1,308,000 after acquiring an additional 713 shares during the period. Hsbc Holdings PLC raised its stake in shares of SL Green Realty by 15.0% during the second quarter. Hsbc Holdings PLC now owns 189,097 shares of the real estate investment trust’s stock valued at $9,808,000 after purchasing an additional 24,699 shares in the last quarter. Beacon Pointe Advisors LLC acquired a new stake in SL Green Realty in the second quarter worth about $211,000. Valueworks LLC acquired a new stake in SL Green Realty in the second quarter worth about $10,095,000. Finally, Empowered Funds LLC bought a new position in SL Green Realty in the 2nd quarter valued at about $356,000. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SL Green Realty

In related news, insider Harrison Sitomer sold 23,113 shares of SL Green Realty stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $57.71, for a total value of $1,333,851.23. Following the transaction, the insider owned 109,468 shares of the company’s stock, valued at approximately $6,317,398.28. This trade represents a 17.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.94% of the stock is owned by company insiders.

Analysts Set New Price Targets

SLG has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of SL Green Realty from $51.00 to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 25th. Evercore lowered shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price objective on the stock. in a research note on Monday, July 6th. Piper Sandler set a $79.00 target price on SL Green Realty and gave the stock an “overweight” rating in a report on Friday, July 24th. Citigroup restated a “buy” rating and issued a $60.00 target price (up from $45.00) on shares of SL Green Realty in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $56.50 price target on SL Green Realty and gave the company an “equal weight” rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, SL Green Realty has an average rating of “Hold” and a consensus target price of $56.83.

SL Green Realty Price Performance

NYSE SLG opened at $54.99 on Friday. SL Green Realty Corporation has a 1 year low of $34.77 and a 1 year high of $66.29. The business’s fifty day moving average is $54.00 and its two-hundred day moving average is $46.31. The stock has a market capitalization of $3.91 billion, a P/E ratio of -20.14, a P/E/G ratio of 2.38 and a beta of 1.60. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.10 and a current ratio of 3.10.

SL Green Realty (NYSE:SLG) last released its quarterly earnings data on Thursday, July 23rd. The real estate investment trust reported ($0.38) earnings per share for the quarter, topping the consensus estimate of ($0.59) by $0.21. The business had revenue of $264.00 million during the quarter, compared to analyst estimates of $179.01 million. SL Green Realty had a negative return on equity of 4.37% and a negative net margin of 16.92%.The company’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $1.63 EPS. On average, research analysts forecast that SL Green Realty Corporation will post 5.53 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.6175 dividend. 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 -90.48%.

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.