Quadrant Capital Group LLC Has $52,000 Stock Position in SL Green Realty Corp. (NYSE:SLG)

Quadrant Capital Group LLC grew its stake in shares of SL Green Realty Corp. (NYSE:SLG) by 37.4% in the 4th quarter, HoldingsChannel reports. The fund owned 764 shares of the real estate investment trust’s stock after purchasing an additional 208 shares during the quarter. Quadrant Capital Group LLC’s holdings in SL Green Realty were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc increased its position in SL Green Realty by 17.7% during the fourth quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 157 shares during the period. MML Investors Services LLC increased its holdings in shares of SL Green Realty by 2.7% during the third quarter. MML Investors Services LLC now owns 6,138 shares of the real estate investment trust’s stock worth $427,000 after purchasing an additional 161 shares during the period. GAMMA Investing LLC raised its position in shares of SL Green Realty by 5.1% in the fourth quarter. GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 203 shares in the last quarter. Natixis Advisors LLC raised its position in shares of SL Green Realty by 1.3% in the fourth quarter. Natixis Advisors LLC now owns 21,820 shares of the real estate investment trust’s stock valued at $1,482,000 after buying an additional 284 shares in the last quarter. Finally, Ieq Capital LLC boosted its stake in shares of SL Green Realty by 9.3% in the fourth quarter. Ieq Capital LLC now owns 4,542 shares of the real estate investment trust’s stock valued at $308,000 after buying an additional 387 shares during the period. Institutional investors own 89.96% of the company’s stock.

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 shares were sold at an average price of $66.30, for a total transaction of $229,066.50. Following the completion of the transaction, the director now owns 2,052 shares of the company’s stock, valued at $136,047.60. This trade represents a 62.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 5.08% of the stock is owned by company insiders.

SL Green Realty Stock Up 0.9 %

Shares of SLG opened at $49.69 on Friday. SL Green Realty Corp. has a 52 week low of $45.15 and a 52 week high of $82.81. The stock has a fifty day moving average of $59.43 and a 200-day moving average of $67.38. 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 stock has a market capitalization of $3.54 billion, a price-to-earnings ratio of 621.06, a PEG ratio of 5.30 and a beta of 1.61.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share for the quarter, topping the consensus estimate 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%. As a group, sell-side analysts anticipate that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.2575 dividend. This is a boost from SL Green Realty’s previous quarterly dividend of $0.25. This represents a $1.03 annualized dividend and a yield of 2.07%. The ex-dividend date is Monday, March 31st. SL Green Realty’s dividend payout ratio is 3,862.50%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Barclays dropped their price objective on SL Green Realty from $78.00 to $76.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Truist Financial upped their price objective on shares of SL Green Realty from $61.00 to $62.00 and gave the stock a “hold” rating in a research report on Monday, January 27th. Evercore ISI raised shares of SL Green Realty from an “in-line” rating to an “outperform” rating and decreased their target price for the company from $74.00 to $73.00 in a report on Monday, March 17th. Scotiabank cut their price target on shares of SL Green Realty from $81.00 to $75.00 and set a “sector perform” rating for the company in a report on Friday, February 28th. Finally, Jefferies Financial Group started coverage on shares of SL Green Realty in a research report on Monday, March 17th. They set a “hold” rating and a $58.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $69.87.

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.