Dimensional Fund Advisors LP Sells 20,169 Shares of SL Green Realty Corp. (NYSE:SLG)

Dimensional Fund Advisors LP trimmed its position in shares of SL Green Realty Corp. (NYSE:SLGFree Report) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 896,693 shares of the real estate investment trust’s stock after selling 20,169 shares during the period. Dimensional Fund Advisors LP owned 1.39% of SL Green Realty worth $40,507,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Private Trust Co. NA bought a new position in shares of SL Green Realty during the 4th quarter worth $33,000. Financial Gravity Asset Management Inc. increased its stake in shares of SL Green Realty by 3,073.3% in the third quarter. Financial Gravity Asset Management Inc. now owns 952 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 922 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of SL Green Realty in the third quarter valued at approximately $88,000. Rosenberg Matthew Hamilton lifted its stake in shares of SL Green Realty by 9.6% during the 4th quarter. Rosenberg Matthew Hamilton now owns 2,588 shares of the real estate investment trust’s stock valued at $117,000 after buying an additional 227 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in SL Green Realty by 122.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,732 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 1,502 shares during the period. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SLG. Evercore ISI lifted their price target on SL Green Realty from $46.00 to $47.00 and gave the company an “underperform” rating in a research report on Monday, April 22nd. Barclays upgraded SL Green Realty from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $35.00 to $48.00 in a research report on Wednesday, March 27th. StockNews.com upgraded shares of SL Green Realty to a “sell” rating in a research report on Wednesday, May 8th. JPMorgan Chase & Co. upped their target price on shares of SL Green Realty from $43.00 to $44.00 and gave the stock an “underweight” rating in a report on Thursday, April 25th. Finally, BMO Capital Markets raised shares of SL Green Realty from a “market perform” rating to an “outperform” rating and raised their price target for the company from $56.00 to $58.00 in a report on Thursday, April 18th. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $47.00.

Get Our Latest Stock Report on SL Green Realty

SL Green Realty Stock Up 5.2 %

SLG opened at $51.57 on Friday. The business’s fifty day simple moving average is $51.74 and its 200 day simple moving average is $46.98. SL Green Realty Corp. has a 52 week low of $21.85 and a 52 week high of $57.33. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.01. The stock has a market cap of $3.40 billion, a PE ratio of -6.24, a P/E/G ratio of 0.93 and a beta of 1.72.

SL Green Realty Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, May 30th. This represents a $3.00 annualized dividend and a dividend yield of 5.82%. SL Green Realty’s dividend payout ratio (DPR) is presently -36.32%.

SL Green Realty Company 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.

See Also

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

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