Janney Montgomery Scott LLC Has $6.37 Million Stock Holdings in SL Green Realty Corp. (NYSE:SLG)

Janney Montgomery Scott LLC raised its position in SL Green Realty Corp. (NYSE:SLGFree Report) by 80.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 170,731 shares of the real estate investment trust’s stock after acquiring an additional 75,922 shares during the period. Janney Montgomery Scott LLC’s holdings in SL Green Realty were worth $6,368,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of SLG. Raymond James & Associates lifted its stake in SL Green Realty by 24.8% in the 1st quarter. Raymond James & Associates now owns 9,662 shares of the real estate investment trust’s stock valued at $784,000 after acquiring an additional 1,923 shares in the last quarter. HighTower Advisors LLC bought a new stake in SL Green Realty in the 1st quarter valued at approximately $278,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in SL Green Realty in the 1st quarter valued at approximately $662,000. MetLife Investment Management LLC lifted its stake in SL Green Realty by 27.2% in the 1st quarter. MetLife Investment Management LLC now owns 41,120 shares of the real estate investment trust’s stock valued at $3,338,000 after acquiring an additional 8,784 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of SL Green Realty by 6.2% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,494 shares of the real estate investment trust’s stock worth $1,907,000 after purchasing an additional 1,371 shares in the last quarter. Institutional investors own 82.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. StockNews.com upgraded SL Green Realty to a “sell” rating in a research note on Saturday, February 3rd. Deutsche Bank Aktiengesellschaft assumed coverage on SL Green Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $50.00 price objective on the stock. TheStreet upgraded SL Green Realty from a “d+” rating to a “c-” rating in a research note on Wednesday, January 10th. Truist Financial cut SL Green Realty from a “buy” rating to a “hold” rating and upped their price objective for the stock from $44.00 to $47.00 in a research note on Tuesday, January 16th. Finally, BMO Capital Markets upped their price objective on SL Green Realty from $34.00 to $44.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 5th. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $38.31.

Get Our Latest Report on SL Green Realty

Insider Buying and Selling at SL Green Realty

In other SL Green Realty news, Director Betsy S. Atkins sold 9,894 shares of the company’s stock in a transaction on Friday, January 26th. The stock was sold at an average price of $47.25, for a total value of $467,491.50. Following the transaction, the director now directly owns 6,886 shares of the company’s stock, valued at approximately $325,363.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 5.60% of the company’s stock.

SL Green Realty Stock Down 0.5 %

Shares of NYSE SLG opened at $44.51 on Monday. The company has a quick ratio of 2.17, a current ratio of 2.23 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average price is $44.98 and its two-hundred day moving average price is $38.73. SL Green Realty Corp. has a one year low of $19.06 and a one year high of $50.11.

SL Green Realty Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Shareholders of record on Wednesday, January 31st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date is Tuesday, January 30th. SL Green Realty’s dividend payout ratio is -33.00%.

SL Green Realty Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SL Green Realty Corp. (NYSE:SLGFree Report).

Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.