SL Green Realty Corp. (NYSE:SLG) Shares Purchased by Quantinno Capital Management LP

Quantinno Capital Management LP grew its position in shares of SL Green Realty Corp. (NYSE:SLG) by 5.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 79,773 shares of the real estate investment trust’s stock after acquiring an additional 4,334 shares during the quarter. Quantinno Capital Management LP owned about 0.12% of SL Green Realty worth $5,553,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC raised its stake in SL Green Realty by 272.0% during the 3rd quarter. Venturi Wealth Management LLC now owns 372 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 272 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of SL Green Realty during the second quarter valued at about $29,000. Point72 DIFC Ltd acquired a new stake in SL Green Realty in the third quarter worth about $35,000. Friedenthal Financial bought a new position in SL Green Realty in the 3rd quarter valued at about $49,000. Finally, Rothschild Investment LLC acquired a new position in SL Green Realty during the 2nd quarter valued at about $55,000. Institutional investors own 89.96% of the company’s stock.

SL Green Realty Price Performance

SLG opened at $75.16 on Friday. SL Green Realty Corp. has a 12-month low of $40.30 and a 12-month high of $82.81. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4.95 billion, a P/E ratio of -30.06, a PEG ratio of 3.64 and a beta of 1.81. The stock has a fifty day moving average of $75.04 and a 200-day moving average of $65.92.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of $1.21 by ($1.42). The business had revenue of $229.69 million for the quarter, compared to analyst estimates of $136.66 million. SL Green Realty had a negative return on equity of 3.76% and a negative net margin of 16.78%. During the same quarter in the previous year, the business posted $1.27 earnings per share. Equities analysts forecast that SL Green Realty Corp. will post 7.59 EPS for the current fiscal year.

SL Green Realty Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.2575 dividend. This is an increase from SL Green Realty’s previous monthly dividend of $0.25. The ex-dividend date is Tuesday, December 31st. This represents a $3.09 dividend on an annualized basis and a yield of 4.11%. SL Green Realty’s dividend payout ratio is presently -123.60%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SLG. Scotiabank increased their price objective on shares of SL Green Realty from $68.00 to $80.00 and gave the company a “sector perform” rating in a report on Friday, October 25th. Jefferies Financial Group increased their price target on SL Green Realty from $70.00 to $72.00 and gave the company a “hold” rating in a research note on Friday, November 22nd. Barclays boosted their price objective on SL Green Realty from $66.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 22nd. Evercore ISI raised their target price on SL Green Realty from $67.00 to $79.00 and gave the company an “in-line” rating in a research note on Monday, October 21st. Finally, Morgan Stanley boosted their price target on shares of SL Green Realty from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, SL Green Realty has a consensus rating of “Hold” and an average target price of $66.00.

SL Green Realty Company 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.