SL Green Realty Corp. (NYSE:SLG) Shares Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund lifted its stake in shares of SL Green Realty Corp. (NYSE:SLGFree Report) by 18.6% in the fourth quarter, Holdings Channel reports. The firm owned 39,637 shares of the real estate investment trust’s stock after buying an additional 6,214 shares during the period. Illinois Municipal Retirement Fund’s holdings in SL Green Realty were worth $2,692,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Amalgamated Bank grew its holdings in shares of SL Green Realty by 7.3% during the fourth quarter. Amalgamated Bank now owns 20,471 shares of the real estate investment trust’s stock worth $1,390,000 after buying an additional 1,395 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in SL Green Realty during the 4th quarter valued at about $984,000. Allianz Asset Management GmbH grew its stake in SL Green Realty by 1.8% during the 4th quarter. Allianz Asset Management GmbH now owns 534,159 shares of the real estate investment trust’s stock valued at $36,280,000 after acquiring an additional 9,299 shares in the last quarter. Wolverine Asset Management LLC acquired a new stake in SL Green Realty in the 4th quarter valued at about $337,000. Finally, Handelsbanken Fonder AB lifted its stake in SL Green Realty by 12.3% in the 4th quarter. Handelsbanken Fonder AB now owns 17,365 shares of the real estate investment trust’s stock worth $1,179,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Activity at SL Green Realty

In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of the stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $66.30, for a total transaction of $229,066.50. Following the sale, the director now directly owns 2,052 shares in the company, valued at $136,047.60. This represents a 62.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.08% of the company’s stock.

SL Green Realty Stock Performance

NYSE:SLG opened at $64.59 on Friday. SL Green Realty Corp. has a fifty-two week low of $45.96 and a fifty-two week high of $82.81. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.58 and a current ratio of 2.89. The company has a 50 day moving average price of $65.70 and a 200 day moving average price of $69.61. The stock has a market capitalization of $4.26 billion, a P/E ratio of 807.43, a PEG ratio of 5.30 and a beta of 1.82.

SL Green Realty (NYSE:SLGGet Free Report) last released its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $1.90. SL Green Realty had a negative return on equity of 0.10% and a net margin of 2.48%. Equities research analysts forecast that SL Green Realty Corp. will post 5.43 EPS for the current year.

SL Green Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $0.2575 dividend. This represents a $3.09 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Friday, February 28th. SL Green Realty’s payout ratio is 3,862.50%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on SLG. Compass Point lifted their price objective on SL Green Realty from $65.00 to $75.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upgraded SL Green Realty from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $51.00 to $80.00 in a report on Tuesday, December 10th. Wells Fargo & Company dropped their price objective on shares of SL Green Realty from $76.00 to $69.00 and set an “equal weight” rating for the company in a report on Monday, February 3rd. Barclays cut their price objective on shares of SL Green Realty from $78.00 to $76.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Jefferies Financial Group decreased their target price on shares of SL Green Realty from $75.00 to $69.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, SL Green Realty currently has an average rating of “Hold” and an average target price of $71.07.

Check Out Our Latest Analysis on SLG

About SL Green Realty

(Free Report)

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.

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Want to see what other hedge funds are holding SLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SL Green Realty Corp. (NYSE:SLGFree Report).

Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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