Quantbot Technologies LP Buys 60,649 Shares of SL Green Realty Corp. (NYSE:SLG)

Quantbot Technologies LP increased its stake in SL Green Realty Corp. (NYSE:SLG) by 176.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 95,043 shares of the real estate investment trust’s stock after purchasing an additional 60,649 shares during the period. Quantbot Technologies LP owned approximately 0.14% of SL Green Realty worth $6,455,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLG. Wolverine Asset Management LLC bought a new position in SL Green Realty in the 4th quarter valued at about $337,000. Sumitomo Mitsui Trust Group Inc. increased its position in SL Green Realty by 8.8% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 76,367 shares of the real estate investment trust’s stock worth $5,187,000 after purchasing an additional 6,158 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in SL Green Realty by 10.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 103,711 shares of the real estate investment trust’s stock valued at $6,870,000 after purchasing an additional 9,753 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in SL Green Realty by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,428,008 shares of the real estate investment trust’s stock valued at $96,990,000 after buying an additional 159,870 shares in the last quarter. Finally, FMR LLC grew its stake in shares of SL Green Realty by 69.1% during the third quarter. FMR LLC now owns 58,185 shares of the real estate investment trust’s stock worth $4,050,000 after buying an additional 23,780 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Trading Down 3.5 %

Shares of SL Green Realty stock opened at $55.56 on Friday. The company has a current ratio of 2.89, a quick ratio of 2.58 and a debt-to-equity ratio of 0.90. The stock has a fifty day simple moving average of $64.22 and a 200 day simple moving average of $69.39. SL Green Realty Corp. has a 12-month low of $47.22 and a 12-month high of $82.81. The company has a market capitalization of $3.96 billion, a P/E ratio of 694.44, a price-to-earnings-growth ratio of 5.30 and a beta of 1.82.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $1.90. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. On average, sell-side analysts anticipate that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $3.09 annualized dividend and a dividend yield of 5.56%. SL Green Realty’s dividend payout ratio is currently 3,862.50%.

Analyst Ratings Changes

A number of equities analysts have issued reports on SLG shares. Mizuho upped their target price on SL Green Realty from $45.00 to $67.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Morgan Stanley raised their price objective on shares of SL Green Realty from $52.00 to $55.00 and gave the company an “equal weight” rating in a report on Wednesday. Barclays reduced their target price on shares of SL Green Realty from $78.00 to $76.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Scotiabank lowered their price objective on SL Green Realty from $81.00 to $75.00 and set a “sector perform” rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company dropped their target price on shares of SL Green Realty from $76.00 to $69.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, SL Green Realty presently has a consensus rating of “Hold” and a consensus target price of $71.00.

Insider Transactions at SL Green Realty

In related 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.08% of the company’s stock.

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.