SL Green Realty Corp. (NYSE:SLG) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC boosted its stake in SL Green Realty Corp. (NYSE:SLG) by 1.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 102,317 shares of the real estate investment trust’s stock after buying an additional 1,764 shares during the period. Cyndeo Wealth Partners LLC’s holdings in SL Green Realty were worth $6,949,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SLG. Janney Montgomery Scott LLC increased its holdings in SL Green Realty by 23.2% in the 4th quarter. Janney Montgomery Scott LLC now owns 65,933 shares of the real estate investment trust’s stock valued at $4,478,000 after purchasing an additional 12,424 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of SL Green Realty in the 4th quarter valued at $304,000. Green Alpha Advisors LLC boosted its holdings in SL Green Realty by 2.1% during the 4th quarter. Green Alpha Advisors LLC now owns 45,111 shares of the real estate investment trust’s stock valued at $3,064,000 after acquiring an additional 913 shares during the period. GAMMA Investing LLC grew its position in SL Green Realty by 5.1% in the 4th quarter. GAMMA Investing LLC now owns 4,192 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 203 shares in the last quarter. Finally, Versant Capital Management Inc lifted its position in shares of SL Green Realty by 17.7% during the fourth quarter. Versant Capital Management Inc now owns 1,044 shares of the real estate investment trust’s stock worth $71,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Stock Up 0.4 %

SL Green Realty stock opened at $66.03 on Friday. The company has a current ratio of 2.58, a quick ratio of 2.58 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average of $70.92 and a two-hundred day moving average of $69.09. SL Green Realty Corp. has a twelve month low of $41.88 and a twelve month high of $82.81. The stock has a market capitalization of $4.35 billion, a price-to-earnings ratio of 825.43, a PEG ratio of 5.53 and a beta of 1.82.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.45) by $1.90. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.11%. As a group, research analysts expect that SL Green Realty Corp. will post 5.43 earnings per share for the current year.

SL Green Realty Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $3.09 dividend on an annualized basis and a yield of 4.68%. SL Green Realty’s payout ratio is 3,862.50%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLG. JPMorgan Chase & Co. raised shares of SL Green Realty from an “underweight” rating to a “neutral” rating and raised their price target for the company from $51.00 to $80.00 in a research report on Tuesday, December 10th. Mizuho lifted their price objective on SL Green Realty from $45.00 to $67.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group reduced their target price on shares of SL Green Realty from $75.00 to $69.00 and set a “hold” rating on the stock in a report on Thursday, January 2nd. Barclays increased their price objective on shares of SL Green Realty from $66.00 to $78.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 22nd. Finally, Compass Point increased their target price on SL Green Realty from $65.00 to $75.00 and gave the company a “neutral” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $68.38.

SL Green Realty 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.