SL Green Realty Corporation $SLG Shares Acquired by HighTower Advisors LLC

HighTower Advisors LLC lifted its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 3,375.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,870 shares of the real estate investment trust’s stock after buying an additional 124,191 shares during the quarter. HighTower Advisors LLC’s holdings in SL Green Realty were worth $5,865,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its position in shares of SL Green Realty by 12.7% during the third quarter. JPMorgan Chase & Co. now owns 727,906 shares of the real estate investment trust’s stock worth $43,536,000 after purchasing an additional 81,910 shares in the last quarter. Picton Mahoney Asset Management increased its position in shares of SL Green Realty by 218.2% during the third quarter. Picton Mahoney Asset Management now owns 239,012 shares of the real estate investment trust’s stock worth $14,296,000 after purchasing an additional 163,903 shares in the last quarter. Aberdeen Group plc increased its position in shares of SL Green Realty by 95.8% during the third quarter. Aberdeen Group plc now owns 288,709 shares of the real estate investment trust’s stock worth $17,302,000 after purchasing an additional 141,263 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of SL Green Realty by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 277,031 shares of the real estate investment trust’s stock worth $16,569,000 after purchasing an additional 34,900 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of SL Green Realty by 63.8% during the fourth quarter. SG Americas Securities LLC now owns 80,888 shares of the real estate investment trust’s stock worth $3,710,000 after purchasing an additional 31,505 shares in the last quarter. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

SL Green Realty Stock Up 2.9%

Shares of NYSE:SLG opened at $45.39 on Thursday. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The business has a fifty day moving average of $40.85 and a two-hundred day moving average of $42.90. The stock has a market cap of $3.24 billion, a P/E ratio of -18.08 and a beta of 1.60. SL Green Realty Corporation has a 52-week low of $34.77 and a 52-week high of $66.91.

SL Green Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 5.4%. The ex-dividend date was Tuesday, March 31st. SL Green Realty’s dividend payout ratio is presently -98.41%.

Analyst Ratings Changes

Several analysts recently commented on SLG shares. Evercore reiterated an “outperform” rating and set a $46.00 price target on shares of SL Green Realty in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their price target on SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Piper Sandler dropped their price target on SL Green Realty from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Morgan Stanley dropped their price target on SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Finally, Mizuho set a $38.00 price target on SL Green Realty and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. Eight analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $51.20.

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.