Bank of Nova Scotia Invests $369,000 in SL Green Realty Corporation $SLG

Bank of Nova Scotia acquired a new position in shares of SL Green Realty Corporation (NYSE:SLG) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 10,000 shares of the real estate investment trust’s stock, valued at approximately $369,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Triumph Capital Management acquired a new position in SL Green Realty during the 3rd quarter worth approximately $45,000. Davis Capital Management acquired a new stake in shares of SL Green Realty in the first quarter valued at approximately $46,000. Fourth Dimension Wealth LLC lifted its position in shares of SL Green Realty by 45.5% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 500 shares in the last quarter. Hantz Financial Services Inc. boosted its holdings in SL Green Realty by 30.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 378 shares during the last quarter. Finally, Leonteq Securities AG boosted its holdings in SL Green Realty by 4,194.0% during the first quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock worth $79,000 after purchasing an additional 2,097 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Trading Down 0.4%

Shares of NYSE:SLG opened at $53.60 on Friday. SL Green Realty Corporation has a 52-week low of $34.77 and a 52-week high of $66.29. The company has a market capitalization of $3.83 billion, a P/E ratio of -19.63 and a beta of 1.58. The company has a 50-day simple moving average of $49.84 and a 200 day simple moving average of $44.26. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.03 and a current ratio of 3.10.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.21. The business had revenue of $171.85 million during the quarter, compared to analysts’ expectations of $179.01 million. SL Green Realty had a negative return on equity of 4.43% and a negative net margin of 16.92%.SL Green Realty’s quarterly revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the company posted $1.63 earnings per share. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Sell-side analysts forecast that SL Green Realty Corporation will post 5.15 earnings per share for the current year.

SL Green Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s payout ratio is currently -90.48%.

Analysts Set New Price Targets

A number of research firms have recently commented on SLG. Weiss Ratings upgraded shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Mizuho raised their price target on SL Green Realty from $38.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price target 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. Morgan Stanley set a $52.00 price objective on SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Citigroup reissued a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. Seven research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, SL Green Realty presently has a consensus rating of “Hold” and a consensus price target of $54.95.

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.