SL Green Realty Corp. (NYSE:SLG) Stock Holdings Increased by Nixon Capital LLC

Nixon Capital LLC boosted its stake in shares of SL Green Realty Corp. (NYSE:SLG) by 17.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 249,388 shares of the real estate investment trust’s stock after buying an additional 37,201 shares during the period. SL Green Realty makes up approximately 5.1% of Nixon Capital LLC’s holdings, making the stock its 10th largest holding. Nixon Capital LLC owned approximately 0.39% of SL Green Realty worth $11,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLG. Deutsche Bank AG increased its stake in SL Green Realty by 2,563.6% in the third quarter. Deutsche Bank AG now owns 1,999,279 shares of the real estate investment trust’s stock worth $74,573,000 after purchasing an additional 1,924,221 shares during the period. Wellington Management Group LLP bought a new position in shares of SL Green Realty during the 3rd quarter worth $38,666,000. Charles Schwab Investment Management Inc. grew its position in shares of SL Green Realty by 3.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,024,383 shares of the real estate investment trust’s stock worth $46,271,000 after buying an additional 30,289 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of SL Green Realty by 11.1% during the 4th quarter. Russell Investments Group Ltd. now owns 641,163 shares of the real estate investment trust’s stock worth $29,100,000 after buying an additional 63,943 shares in the last quarter. Finally, Norges Bank bought a new position in shares of SL Green Realty during the 4th quarter worth $18,664,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on SLG shares. Piper Sandler reissued an “overweight” rating and set a $58.00 price target on shares of SL Green Realty in a research report on Tuesday, March 26th. BMO Capital Markets raised SL Green Realty from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $56.00 to $58.00 in a research report on Thursday, April 18th. Evercore ISI raised their price objective on SL Green Realty from $46.00 to $47.00 and gave the company an “underperform” rating in a research report on Monday, April 22nd. Morgan Stanley raised their price objective on SL Green Realty from $41.00 to $47.00 and gave the company an “equal weight” rating in a research report on Thursday, March 28th. Finally, JPMorgan Chase & Co. raised their price objective on SL Green Realty from $43.00 to $44.00 and gave the company an “underweight” rating in a research report on Thursday, April 25th. Six analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, SL Green Realty currently has an average rating of “Hold” and an average price target of $47.00.

SL Green Realty Trading Down 0.3 %

Shares of SL Green Realty stock traded down $0.17 on Friday, reaching $54.05. 746,523 shares of the stock were exchanged, compared to its average volume of 793,097. SL Green Realty Corp. has a twelve month low of $23.22 and a twelve month high of $57.33. The business has a 50 day moving average price of $51.77 and a two-hundred day moving average price of $47.91. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.01.

SL Green Realty Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, June 17th. Stockholders of record on Friday, May 31st will be paid a $0.25 dividend. The ex-dividend date is Thursday, May 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 5.55%. SL Green Realty’s payout ratio is currently -36.32%.

SL Green Realty Profile

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.