Nisa Investment Advisors LLC Trims Holdings in SL Green Realty Corp. (NYSE:SLG)

Nisa Investment Advisors LLC reduced its holdings in shares of SL Green Realty Corp. (NYSE:SLG) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 119,191 shares of the real estate investment trust’s stock after selling 1,283 shares during the period. Nisa Investment Advisors LLC owned approximately 0.18% of SL Green Realty worth $8,127,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of SLG. Envestnet Asset Management Inc. lifted its position in SL Green Realty by 1.4% during the 2nd quarter. Envestnet Asset Management Inc. now owns 39,786 shares of the real estate investment trust’s stock worth $2,253,000 after acquiring an additional 557 shares during the period. Dimensional Fund Advisors LP grew its position in SL Green Realty by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 994,909 shares of the real estate investment trust’s stock valued at $56,350,000 after buying an additional 88,309 shares during the last quarter. Hsbc Holdings PLC increased its stake in SL Green Realty by 9.1% in the 2nd quarter. Hsbc Holdings PLC now owns 57,732 shares of the real estate investment trust’s stock valued at $3,267,000 after buying an additional 4,794 shares during the period. Xponance Inc. raised its position in SL Green Realty by 6.6% during the 2nd quarter. Xponance Inc. now owns 4,234 shares of the real estate investment trust’s stock worth $240,000 after buying an additional 262 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of SL Green Realty by 5.4% in the 2nd quarter. AQR Capital Management LLC now owns 11,062 shares of the real estate investment trust’s stock worth $621,000 after acquiring an additional 569 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

NYSE SLG opened at $65.74 on Friday. SL Green Realty Corp. has a 1-year low of $41.88 and a 1-year high of $82.81. The business’s 50-day simple moving average is $71.13 and its 200-day simple moving average is $69.12. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.58 and a quick ratio of 2.58. The firm has a market capitalization of $4.33 billion, a P/E ratio of -26.29, a P/E/G ratio of 5.53 and a beta of 1.82.

SL Green Realty (NYSE:SLG) last released its quarterly earnings data 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 negative net margin of 16.78% and a negative return on equity of 3.76%. Equities analysts predict that SL Green Realty Corp. will post 7.78 EPS for the current year.

SL Green Realty Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be paid a dividend of $0.2575 per share. This represents a $3.09 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date is Friday, January 31st. SL Green Realty’s dividend payout ratio is presently -123.60%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on SLG. BMO Capital Markets reissued an “outperform” rating and set a $87.00 price target (up from $72.00) on shares of SL Green Realty in a report on Monday, October 21st. Compass Point raised their target price on shares of SL Green Realty from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Barclays boosted their price target on SL Green Realty from $66.00 to $78.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 22nd. Mizuho upped their price objective on shares of SL Green Realty from $45.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Finally, Morgan Stanley increased their price target on SL Green Realty from $47.00 to $50.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $68.38.

SL Green Realty 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.