Game Plan Financial Advisors LLC Buys Shares of 2,200 SL Green Realty Corp. (NYSE:SLG)

Game Plan Financial Advisors LLC bought a new stake in SL Green Realty Corp. (NYSE:SLG) in the 4th quarter, HoldingsChannel reports. The firm bought 2,200 shares of the real estate investment trust’s stock, valued at approximately $149,000.

Other large investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its holdings in shares of 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 worth $26,000 after purchasing an additional 272 shares during the period. Point72 DIFC Ltd purchased a new position in SL Green Realty during the 3rd quarter valued at about $35,000. Friedenthal Financial purchased a new position in SL Green Realty during the 3rd quarter valued at about $49,000. Blue Trust Inc. boosted its holdings in SL Green Realty by 363.2% during the 3rd quarter. Blue Trust Inc. now owns 806 shares of the real estate investment trust’s stock valued at $56,000 after acquiring an additional 632 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in SL Green Realty by 17.7% during the 4th quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust’s stock valued at $71,000 after acquiring an additional 157 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

SL Green Realty Trading Up 0.2 %

NYSE:SLG opened at $64.61 on Friday. The company has a quick ratio of 2.58, a current ratio of 3.21 and a debt-to-equity ratio of 0.90. The business’s 50 day moving average is $67.23 and its two-hundred day moving average is $69.56. SL Green Realty Corp. has a 52 week low of $43.69 and a 52 week high of $82.81. The company has a market cap of $4.26 billion, a PE ratio of 807.56, a P/E/G ratio of 5.49 and a beta of 1.82.

SL Green Realty (NYSE:SLG) last released its 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%. On average, analysts predict that SL Green Realty Corp. will post 5.43 EPS for the current year.

SL Green Realty Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be given a $0.2575 dividend. This represents a $3.09 annualized dividend and a yield of 4.78%. The ex-dividend date is Friday, January 31st. SL Green Realty’s dividend payout ratio is currently 3,862.50%.

Analyst Ratings Changes

A number of equities analysts recently commented on SLG shares. Wells Fargo & Company lowered their target price on 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. Mizuho increased their price target on SL Green Realty from $45.00 to $67.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Evercore ISI increased their price target on SL Green Realty from $67.00 to $79.00 and gave the company an “in-line” rating in a research report on Monday, October 21st. Truist Financial raised their target price on SL Green Realty from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 27th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $87.00 target price (up previously from $72.00) on shares of SL Green Realty in a research report on Monday, October 21st. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.07.

Insider Activity at SL Green Realty

In other news, Director Craig M. Hatkoff sold 3,455 shares of SL Green Realty stock in a transaction on Friday, January 24th. The stock was sold at an average price of $66.30, for a total transaction of $229,066.50. Following the transaction, the director now directly owns 2,052 shares in the company, valued at approximately $136,047.60. This trade represents a 62.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.08% of the stock is owned by insiders.

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.