Geode Capital Management LLC Has $85.09 Million Stock Holdings in SL Green Realty Corporation $SLG

Geode Capital Management LLC cut its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,854,741 shares of the real estate investment trust’s stock after selling 22,374 shares during the period. Geode Capital Management LLC owned 2.60% of SL Green Realty worth $85,090,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Integrity Alliance LLC. boosted its position in SL Green Realty by 4.1% during the fourth quarter. Integrity Alliance LLC. now owns 5,970 shares of the real estate investment trust’s stock valued at $274,000 after purchasing an additional 237 shares during the last quarter. Legal & General Group Plc boosted its position in SL Green Realty by 9.4% during the fourth quarter. Legal & General Group Plc now owns 581,130 shares of the real estate investment trust’s stock valued at $26,656,000 after purchasing an additional 49,775 shares during the last quarter. New Age Alpha Advisors LLC boosted its position in SL Green Realty by 7.6% during the fourth quarter. New Age Alpha Advisors LLC now owns 22,296 shares of the real estate investment trust’s stock valued at $1,023,000 after purchasing an additional 1,570 shares during the last quarter. Hantz Financial Services Inc. boosted its position 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 valued at $74,000 after purchasing an additional 378 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new position in SL Green Realty during the fourth quarter valued at approximately $230,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on SL Green Realty from $49.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Truist Financial raised their price objective on SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Wednesday, April 22nd. Zacks Research raised SL Green Realty from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Barclays cut their price objective on SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Finally, Mizuho set a $38.00 price objective on SL Green Realty and gave the company a “neutral” rating in a research report on Tuesday, February 24th. Eight investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $50.70.

SL Green Realty Stock Performance

NYSE:SLG opened at $47.97 on Monday. The stock has a market cap of $3.43 billion, a P/E ratio of -19.11 and a beta of 1.61. The stock has a 50 day simple moving average of $41.90 and a 200 day simple moving average of $42.73. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty Corporation has a 1-year low of $34.77 and a 1-year high of $66.91.

SL Green Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were issued a $0.6175 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.47 annualized dividend and a yield of 5.1%. SL Green Realty’s payout ratio is currently -98.41%.

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.