Boothbay Fund Management LLC bought a new position in SL Green Realty Corp. (NYSE:SLG - Get Rating) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 53,831 shares of the real estate investment trust's stock, valued at approximately $2,162,000. Boothbay Fund Management LLC owned 0.08% of SL Green Realty as of its most recent filing with the SEC.
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A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Victory Capital Management Inc. lifted its stake in shares of SL Green Realty by 1.8% during the 2nd quarter. Victory Capital Management Inc. now owns 16,015 shares of the real estate investment trust's stock worth $739,000 after acquiring an additional 283 shares during the last quarter. Bramshill Investments LLC lifted its stake in shares of SL Green Realty by 1.9% during the 2nd quarter. Bramshill Investments LLC now owns 15,464 shares of the real estate investment trust's stock worth $714,000 after acquiring an additional 291 shares during the last quarter. Yousif Capital Management LLC lifted its stake in shares of SL Green Realty by 0.8% during the 1st quarter. Yousif Capital Management LLC now owns 37,024 shares of the real estate investment trust's stock worth $3,006,000 after acquiring an additional 299 shares during the last quarter. Phocas Financial Corp. lifted its stake in shares of SL Green Realty by 2.6% during the 3rd quarter. Phocas Financial Corp. now owns 13,250 shares of the real estate investment trust's stock worth $532,000 after acquiring an additional 330 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in shares of SL Green Realty by 21.7% during the 2nd quarter. Salem Investment Counselors Inc. now owns 1,944 shares of the real estate investment trust's stock worth $90,000 after acquiring an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 82.00% of the company's stock.
SL Green Realty stock opened at $36.00 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.34 and a current ratio of 2.64. The business's 50-day simple moving average is $36.93 and its two-hundred day simple moving average is $40.13. The company has a market cap of $2.32 billion, a PE ratio of -24.16 and a beta of 1.49. SL Green Realty Corp. has a fifty-two week low of $32.15 and a fifty-two week high of $83.96.
SL Green Realty (NYSE:SLG - Get Rating) last posted its quarterly earnings results on Wednesday, January 25th. The real estate investment trust reported ($1.01) earnings per share for the quarter, missing the consensus estimate of $1.48 by ($2.49). The firm had revenue of $197.29 million for the quarter, compared to analysts' expectations of $194.74 million. SL Green Realty had a negative net margin of 9.44% and a negative return on equity of 1.62%. The firm's revenue for the quarter was up 31.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.52 EPS. Equities analysts anticipate that SL Green Realty Corp. will post 5.49 EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th will be paid a $0.2708 dividend. The ex-dividend date is Monday, February 27th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 9.03%. SL Green Realty's payout ratio is -218.12%.
A number of equities research analysts recently issued reports on the company. Barclays decreased their price target on SL Green Realty from $88.00 to $47.00 and set an "overweight" rating for the company in a research note on Wednesday, December 7th. Scotiabank lowered SL Green Realty from a "sector perform" rating to an "underperform" rating and decreased their target price for the company from $43.00 to $34.00 in a research report on Tuesday, December 6th. StockNews.com lowered SL Green Realty from a "hold" rating to a "sell" rating in a research report on Wednesday, November 9th. Morgan Stanley decreased their target price on SL Green Realty from $44.00 to $38.00 and set an "equal weight" rating for the company in a research report on Wednesday, November 23rd. Finally, BMO Capital Markets lowered SL Green Realty from an "outperform" rating to a "market perform" rating and decreased their target price for the company from $47.00 to $41.00 in a research report on Tuesday, December 6th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, SL Green Realty currently has a consensus rating of "Hold" and a consensus target price of $47.13.
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.
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