Public Employees Retirement System of Ohio Reduces Stake in SL Green Realty Corporation $SLG

Public Employees Retirement System of Ohio lessened its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 15.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 83,807 shares of the real estate investment trust’s stock after selling 14,936 shares during the period. Public Employees Retirement System of Ohio’s holdings in SL Green Realty were worth $3,096,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in SLG. AQR Capital Management LLC boosted its holdings in SL Green Realty by 74.8% in the first quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust’s stock valued at $1,519,000 after purchasing an additional 11,506 shares in the last quarter. United Services Automobile Association acquired a new stake in SL Green Realty during the first quarter worth approximately $253,000. Empowered Funds LLC raised its holdings in SL Green Realty by 10.9% during the first quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 722 shares in the last quarter. Creative Planning purchased a new stake in shares of SL Green Realty during the 2nd quarter worth approximately $421,000. Finally, California Public Employees Retirement System lifted its position in shares of SL Green Realty by 4.6% during the 2nd quarter. California Public Employees Retirement System now owns 131,528 shares of the real estate investment trust’s stock worth $8,142,000 after buying an additional 5,789 shares during the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on SLG shares. Barclays set a $52.00 target price on shares of SL Green Realty and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Truist Financial boosted their price target on shares of SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of SL Green Realty from a “strong sell” rating to a “sell” rating in a research note on Saturday, July 25th. Piper Sandler set a $79.00 price objective on SL Green Realty and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. lifted their target price on SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, SL Green Realty currently has an average rating of “Hold” and an average target price of $54.95.

SL Green Realty Stock Down 1.3%

SLG opened at $52.91 on Friday. SL Green Realty Corporation has a 52 week low of $34.77 and a 52 week high of $66.29. The business has a 50 day moving average price of $50.03 and a two-hundred day moving average price of $44.32. The company has a quick ratio of 3.03, a current ratio of 3.10 and a debt-to-equity ratio of 1.12. The company has a market cap of $3.78 billion, a PE ratio of -19.38 and a beta of 1.58.

SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.21. The company 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 4.43% and a negative net margin of 16.92%.The company’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the business posted $1.63 EPS. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. As a group, research analysts anticipate that SL Green Realty Corporation will post 5.15 EPS for the current year.

SL Green Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s dividend payout ratio (DPR) is -90.48%.

SL Green Realty Company 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.