5,680 Shares in SL Green Realty Corp. (NYSE:SLG) Acquired by Aster Capital Management DIFC Ltd

Aster Capital Management DIFC Ltd acquired a new stake in SL Green Realty Corp. (NYSE:SLG) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,680 shares of the real estate investment trust’s stock, valued at approximately $386,000.

Other institutional investors have also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new stake in SL Green Realty during the 3rd quarter worth about $35,000. Jones Financial Companies Lllp acquired a new stake in SL Green Realty during the fourth quarter worth about $39,000. Quadrant Capital Group LLC raised its position in SL Green Realty by 37.4% during the fourth quarter. Quadrant Capital Group LLC now owns 764 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 208 shares in the last quarter. Versant Capital Management Inc lifted its holdings in SL Green Realty by 17.7% in the fourth 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. Finally, Summit Securities Group LLC purchased a new stake in SL Green Realty in the 4th quarter worth approximately $88,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Truist Financial boosted their target price on shares of SL Green Realty from $61.00 to $62.00 and gave the company a “hold” rating in a research note on Monday, January 27th. Barclays decreased 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. Morgan Stanley raised their target price on SL Green Realty from $52.00 to $55.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 12th. Scotiabank reduced their price target on 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, Mizuho raised their price objective on SL Green Realty from $45.00 to $67.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $69.87.

SL Green Realty Trading Down 4.0 %

Shares of SLG stock opened at $50.59 on Monday. SL Green Realty Corp. has a twelve month low of $47.22 and a twelve month high of $82.81. The stock has a market cap of $3.61 billion, a price-to-earnings ratio of 632.38, a PEG ratio of 5.30 and a beta of 1.61. The company’s 50-day moving average price is $61.66 and its 200-day moving average price is $68.39. The company has a current ratio of 2.89, a quick ratio of 2.58 and a debt-to-equity ratio of 0.90.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share for the quarter, beating 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%. As a group, equities analysts predict that SL Green Realty Corp. will post 5.43 earnings per share for the current year.

SL Green Realty Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.2575 per share. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.04%. This is an increase from SL Green Realty’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, March 31st. SL Green Realty’s dividend payout ratio (DPR) is presently 3,862.50%.

Insider Activity at SL Green Realty

In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of SL Green Realty stock in a transaction dated 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 sale, the director now directly owns 2,052 shares in the company, valued at $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 Securities & Exchange Commission, which is available at the SEC website. 5.08% of the stock is owned by insiders.

About SL Green Realty

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.