Public Sector Pension Investment Board Has $16.57 Million Holdings in SL Green Realty Corporation $SLG

Public Sector Pension Investment Board lifted its stake in SL Green Realty Corporation (NYSE:SLG) by 14.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 277,031 shares of the real estate investment trust’s stock after purchasing an additional 34,900 shares during the quarter. Public Sector Pension Investment Board’s holdings in SL Green Realty were worth $16,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Ethic Inc. raised its holdings in shares of SL Green Realty by 2.4% in the 3rd quarter. Ethic Inc. now owns 8,132 shares of the real estate investment trust’s stock worth $486,000 after buying an additional 193 shares in the last quarter. MAI Capital Management lifted its holdings in SL Green Realty by 25.9% in the second quarter. MAI Capital Management now owns 988 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 203 shares during the period. Amalgamated Bank lifted its stake in SL Green Realty by 1.2% in the second quarter. Amalgamated Bank now owns 20,245 shares of the real estate investment trust’s stock valued at $1,253,000 after buying an additional 235 shares during the period. Bessemer Group Inc. increased its position in shares of SL Green Realty by 67.8% in the 2nd quarter. Bessemer Group Inc. now owns 626 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 253 shares in the last quarter. Finally, Arizona State Retirement System grew its position in shares of SL Green Realty by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 21,014 shares of the real estate investment trust’s stock valued at $1,257,000 after purchasing an additional 292 shares during the period. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

NYSE:SLG opened at $40.49 on Friday. The company has a market cap of $2.89 billion, a price-to-earnings ratio of -25.15 and a beta of 1.63. SL Green Realty Corporation has a fifty-two week low of $36.12 and a fifty-two week high of $66.91. The company has a debt-to-equity ratio of 1.06, a quick ratio of 3.22 and a current ratio of 2.66. The stock has a fifty day moving average price of $45.25 and a 200-day moving average price of $51.23.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, January 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.03. The business had revenue of $159.82 million during the quarter, compared to the consensus estimate of $162.73 million. SL Green Realty had a negative return on equity of 2.44% and a negative net margin of 9.66%.SL Green Realty’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.81 EPS. As a group, equities analysts anticipate that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, December 15th. Shareholders of record on Friday, November 28th were issued a dividend of $0.2575 per share. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. The ex-dividend date was Friday, November 28th. SL Green Realty’s dividend payout ratio is presently -191.93%.

Insider Activity

In related news, CEO Marc Holliday sold 22,223 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of $44.40, for a total transaction of $986,701.20. Following the completion of the transaction, the chief executive officer owned 9,698 shares in the company, valued at approximately $430,591.20. This represents a 69.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Andrew S. Levine sold 1,493 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $45.27, for a total value of $67,588.11. Following the completion of the sale, the insider owned 7,045 shares in the company, valued at $318,927.15. This represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Evercore set a $54.00 price objective on SL Green Realty and gave the stock an “outperform” rating in a report on Monday, December 8th. Piper Sandler lowered their price objective on shares of SL Green Realty from $62.00 to $60.00 and set an “overweight” rating on the stock in a report on Monday, January 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of SL Green Realty in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft set a $45.00 price target on SL Green Realty in a report on Tuesday, January 6th. Finally, LADENBURG THALM/SH SH cut their price target on SL Green Realty from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Seven research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, SL Green Realty has a consensus rating of “Hold” and an average target price of $54.30.

SL Green Realty Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.