SL Green Realty Corporation $SLG Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio trimmed its holdings in SL Green Realty Corporation (NYSE:SLG) by 15.1% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 83,807 shares of the real estate investment trust’s stock after selling 14,936 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.12% of SL Green Realty worth $3,096,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Triumph Capital Management purchased a new stake in SL Green Realty in the third quarter valued at $45,000. Davis Capital Management purchased a new position in shares of SL Green Realty during the 1st quarter worth $46,000. Fourth Dimension Wealth LLC increased its position in shares of SL Green Realty by 45.5% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 500 shares during the last quarter. Hantz Financial Services Inc. increased its position in shares of SL Green Realty by 30.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 378 shares during the last quarter. Finally, Leonteq Securities AG raised its holdings in SL Green Realty by 4,194.0% in the 1st quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,097 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Stock Down 1.3%

Shares of SL Green Realty stock opened at $52.91 on Friday. SL Green Realty Corporation has a 52-week low of $34.77 and a 52-week high of $66.29. The company has a 50 day moving average of $50.03 and a 200 day moving average of $44.32. The company has a quick ratio of 3.03, a current ratio of 3.10 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $3.78 billion, a P/E ratio of -19.38 and a beta of 1.58.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.21. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.43%. The company had revenue of $171.85 million for the quarter, compared to the consensus estimate of $179.01 million. During the same period in the prior year, the firm posted $1.63 EPS. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. As a group, research analysts forecast that SL Green Realty Corporation will post 5.15 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.6175 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.7%. SL Green Realty’s payout ratio is presently -90.48%.

Wall Street Analyst Weigh In

SLG has been the subject of several research analyst reports. Weiss Ratings raised shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Wells Fargo & Company boosted their price target on shares of SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. BMO Capital Markets restated an “outperform” rating and issued a $60.00 price objective (up from $52.00) on shares of SL Green Realty in a report on Monday. LADENBURG THALM/SH SH increased their price objective on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, UBS Group set a $60.00 target price on shares of SL Green Realty in a report on Monday. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $54.95.

SL Green Realty Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.