10,615 Shares in SL Green Realty Corp. (NYSE:SLG) Purchased by Duality Advisers LP

Duality Advisers LP purchased a new position in shares of SL Green Realty Corp. (NYSE:SLG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,615 shares of the real estate investment trust’s stock, valued at approximately $479,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Trust Co. NA acquired a new stake in SL Green Realty during the fourth quarter worth about $33,000. Financial Gravity Asset Management Inc. increased its stake in SL Green Realty by 3,073.3% during the third quarter. Financial Gravity Asset Management Inc. now owns 952 shares of the real estate investment trust’s stock worth $36,000 after acquiring an additional 922 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new stake in SL Green Realty during the third quarter worth about $88,000. Rosenberg Matthew Hamilton increased its stake in SL Green Realty by 9.6% during the fourth quarter. Rosenberg Matthew Hamilton now owns 2,588 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 227 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in SL Green Realty by 122.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,732 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 1,502 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at SL Green Realty

In other SL Green Realty news, Director Carol N. Brown sold 5,118 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $44.37, for a total transaction of $227,085.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by insiders.

SL Green Realty Stock Performance

Shares of NYSE SLG opened at $50.88 on Friday. SL Green Realty Corp. has a fifty-two week low of $20.51 and a fifty-two week high of $55.75. The business has a 50 day moving average price of $50.51 and a two-hundred day moving average price of $43.65. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.23 and a current ratio of 2.96.

SL Green Realty Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Monday, April 29th. This represents a $3.00 dividend on an annualized basis and a yield of 5.90%. SL Green Realty’s dividend payout ratio (DPR) is presently -36.32%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on SLG shares. Deutsche Bank Aktiengesellschaft started coverage on SL Green Realty in a research note on Tuesday, January 30th. They set a “hold” rating and a $50.00 price target for the company. Evercore ISI increased their target price on SL Green Realty from $46.00 to $47.00 and gave the company an “underperform” rating in a research note on Monday. The Goldman Sachs Group increased their target price on SL Green Realty from $30.00 to $36.00 and gave the company a “sell” rating in a research note on Thursday, January 11th. Morgan Stanley increased their target price on SL Green Realty from $41.00 to $47.00 and gave the company an “equal weight” rating in a research note on Thursday, March 28th. Finally, JPMorgan Chase & Co. increased their target price on SL Green Realty from $43.00 to $44.00 and gave the company an “underweight” rating in a research note on Thursday. Six research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, SL Green Realty currently has a consensus rating of “Hold” and a consensus price target of $47.00.

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.