SL Green Realty Corp. (NYSE:SLG) Director Craig M. Hatkoff Sells 3,455 Shares

SL Green Realty Corp. (NYSE:SLG) 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 sale, the director now owns 2,052 shares in the company, valued at approximately $136,047.60. This trade represents a 62.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

SL Green Realty Price Performance

NYSE:SLG opened at $67.38 on Tuesday. The business’s 50-day simple moving average is $70.73 and its two-hundred day simple moving average is $69.33. SL Green Realty Corp. has a 52 week low of $41.88 and a 52 week high of $82.81. The stock has a market cap of $4.44 billion, a PE ratio of 842.24, a P/E/G ratio of 5.53 and a beta of 1.82. The company has a quick ratio of 2.58, a current ratio of 2.58 and a debt-to-equity ratio of 1.06.

SL Green Realty (NYSE:SLG) last issued its earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.45) by $1.90. SL Green Realty had a negative return on equity of 0.11% and a net margin of 2.48%. As a group, analysts forecast that SL Green Realty Corp. will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business 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 dividend of $0.2575 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.09 dividend on an annualized basis and a dividend yield of 4.59%. SL Green Realty’s dividend payout ratio is 3,862.50%.

Institutional Trading of SL Green Realty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Rosenberg Matthew Hamilton boosted its holdings in shares of SL Green Realty by 6.6% during the 3rd quarter. Rosenberg Matthew Hamilton now owns 2,313 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 144 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of SL Green Realty by 4.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 3,769 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 148 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of 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 worth $71,000 after buying an additional 157 shares in the last quarter. MML Investors Services LLC boosted its stake in 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 valued at $427,000 after buying an additional 161 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in SL Green Realty by 5.1% during the 4th 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. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SLG shares. Truist Financial increased their price target on SL Green Realty from $61.00 to $62.00 and gave the company a “hold” rating in a report on Monday. Evercore ISI increased their target price on SL Green Realty from $67.00 to $79.00 and gave the company an “in-line” rating in a report on Monday, October 21st. Bank of America cut their price target on SL Green Realty from $80.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday. Scotiabank increased their price objective on shares of SL Green Realty from $80.00 to $81.00 and gave the stock a “sector perform” rating in a research note on Tuesday, December 10th. Finally, Compass Point raised their price objective on shares of SL Green Realty from $65.00 to $75.00 and gave the stock a “neutral” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $69.50.

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.