Hsbc Holdings PLC Has $6.07 Million Position in SL Green Realty Corporation $SLG

Hsbc Holdings PLC lifted its stake in shares of SL Green Realty Corporation (NYSE:SLGFree Report) by 25.1% during the 1st quarter, HoldingsChannel reports. The firm owned 164,398 shares of the real estate investment trust’s stock after acquiring an additional 33,031 shares during the period. Hsbc Holdings PLC’s holdings in SL Green Realty were worth $6,070,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Integrity Alliance LLC. boosted its position in SL Green Realty by 4.1% in the fourth quarter. Integrity Alliance LLC. now owns 5,970 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 237 shares in the last quarter. Probity Advisors Inc. increased its holdings in shares of SL Green Realty by 2.8% during the fourth quarter. Probity Advisors Inc. now owns 10,040 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 269 shares in the last quarter. Empowered Funds LLC lifted its stake in shares of SL Green Realty by 6.2% in the 4th quarter. Empowered Funds LLC now owns 6,220 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 361 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in shares of SL Green Realty by 30.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 378 shares during the last quarter. Finally, Telos Capital Management Inc. boosted its holdings in shares of SL Green Realty by 3.6% during the 4th quarter. Telos Capital Management Inc. now owns 11,277 shares of the real estate investment trust’s stock valued at $517,000 after acquiring an additional 396 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors and hedge funds.

SL Green Realty Stock Performance

NYSE SLG opened at $53.96 on Friday. The company has a market capitalization of $3.85 billion, a price-to-earnings ratio of -19.77 and a beta of 1.58. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty Corporation has a twelve month low of $34.77 and a twelve month high of $66.29. The stock has a fifty day simple moving average of $48.66 and a 200 day simple moving average of $44.07.

SL Green Realty (NYSE:SLGGet Free Report) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.21. The firm had revenue of $171.85 million for the quarter, compared to the consensus estimate of $179.01 million. SL Green Realty had a negative return on equity of 4.45% and a negative net margin of 16.92%.The business’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 EPS. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Sell-side analysts expect that SL Green Realty Corporation will post 4.58 EPS for the current year.

SL Green Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend was Tuesday, June 30th. SL Green Realty’s payout ratio is currently -98.41%.

Trending Headlines about SL Green Realty

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Analysts Set New Price Targets

SLG has been the topic of a number of research reports. Piper Sandler restated an “overweight” rating and set a $65.00 price objective (up from $50.00) on shares of SL Green Realty in a research report on Tuesday. Scotiabank reiterated an “outperform” rating and issued a $56.00 target price (up from $53.00) on shares of SL Green Realty in a research report on Tuesday. Barclays set a $52.00 price target on SL Green Realty and gave the company an “equal weight” rating in a research note on Tuesday. UBS Group set a $56.00 price objective on SL Green Realty in a research note on Monday, July 6th. Finally, Mizuho raised their price objective on shares of SL Green Realty from $38.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $53.30.

Read Our Latest Report on SL Green Realty

About SL Green Realty

(Free Report)

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.

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

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