SL Green Realty Corporation $SLG Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc cut its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 28,340 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Ensign Peak Advisors Inc’s holdings in SL Green Realty were worth $1,754,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Nuveen LLC bought a new stake in SL Green Realty during the 1st quarter valued at $87,878,000. Vanguard Group Inc. increased its holdings in shares of SL Green Realty by 2.6% during the first quarter. Vanguard Group Inc. now owns 11,113,302 shares of the real estate investment trust’s stock valued at $641,238,000 after purchasing an additional 283,009 shares during the period. Vision Capital Corp bought a new stake in shares of SL Green Realty during the first quarter valued at about $11,540,000. Aberdeen Group plc raised its stake in shares of SL Green Realty by 633.1% during the first quarter. Aberdeen Group plc now owns 162,294 shares of the real estate investment trust’s stock valued at $9,364,000 after purchasing an additional 140,157 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in SL Green Realty by 8.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,695,862 shares of the real estate investment trust’s stock worth $97,851,000 after purchasing an additional 130,206 shares during the period. 89.96% of the stock is owned by institutional investors.

Insider Buying and Selling at SL Green Realty

In related news, Director Carol N. Brown sold 937 shares of SL Green Realty stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $63.09, for a total value of $59,115.33. The sale was disclosed in a legal filing with the SEC, which is available at this link. 5.04% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have commented on SLG. Bank of America lowered their target price on shares of SL Green Realty from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Weiss Ratings reissued a “sell (d+)” rating on shares of SL Green Realty in a report on Wednesday, October 8th. Piper Sandler restated an “overweight” rating on shares of SL Green Realty in a research report on Wednesday, October 22nd. LADENBURG THALM/SH SH assumed coverage on SL Green Realty in a research report on Monday, October 13th. They set a “neutral” rating and a $63.00 price target on the stock. Finally, Truist Financial set a $54.00 price objective on SL Green Realty and gave the stock a “hold” rating in a research note on Tuesday, October 21st. Five equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $64.33.

SL Green Realty Trading Up 1.2%

Shares of NYSE:SLG opened at $47.33 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 2.72 and a current ratio of 3.22. The stock has a market capitalization of $3.38 billion, a price-to-earnings ratio of 4,737.64 and a beta of 1.75. SL Green Realty Corporation has a 1-year low of $42.92 and a 1-year high of $79.51. The company has a 50 day moving average price of $53.15 and a 200 day moving average price of $57.37.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Thursday, October 16th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.24. The company had revenue of $244.82 million for the quarter, compared to analysts’ expectations of $170.27 million. SL Green Realty had a negative return on equity of 0.22% and a net margin of 1.75%.The firm’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.26 earnings per share. On average, research analysts anticipate that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, November 28th will be issued a dividend of $0.2575 per share. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, November 28th. SL Green Realty’s dividend payout ratio is currently 30,900.00%.

SL Green Realty 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.