SL Green Realty Corporation $SLG Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC increased its position in shares of SL Green Realty Corporation (NYSE:SLG) by 15.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 189,097 shares of the real estate investment trust’s stock after buying an additional 24,699 shares during the period. Hsbc Holdings PLC’s holdings in SL Green Realty were worth $9,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of SL Green Realty during the second quarter worth about $706,881,000. State Street Corp boosted its holdings in SL Green Realty by 1.0% in the second quarter. State Street Corp now owns 4,257,874 shares of the real estate investment trust’s stock valued at $264,636,000 after purchasing an additional 41,873 shares during the last quarter. Alyeska Investment Group L.P. grew its stake in SL Green Realty by 25.5% during the 4th quarter. Alyeska Investment Group L.P. now owns 3,041,226 shares of the real estate investment trust’s stock valued at $139,501,000 after purchasing an additional 617,488 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in SL Green Realty by 62.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock valued at $133,862,000 after purchasing an additional 1,117,357 shares in the last quarter. Finally, Cohen & Steers Inc. purchased a new stake in SL Green Realty during the 4th quarter worth approximately $121,675,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Trading Down 0.6%

Shares of NYSE SLG opened at $52.48 on Thursday. The stock’s 50 day moving average price is $54.15 and its two-hundred day moving average price is $46.72. SL Green Realty Corporation has a 52-week low of $34.77 and a 52-week high of $66.29. The stock has a market capitalization of $3.73 billion, a P/E ratio of -19.22, a PEG ratio of 2.28 and a beta of 1.60. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.05.

SL Green Realty (NYSE:SLG) last issued its earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.21. SL Green Realty had a negative return on equity of 4.37% and a negative net margin of 16.92%.The company had revenue of $264.00 million during the quarter, compared to analyst estimates of $179.01 million. During the same quarter last year, the firm earned $1.63 EPS. The business’s revenue was up 16.5% on a year-over-year basis. On average, analysts anticipate that SL Green Realty Corporation will post 5.53 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

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

Insiders Place Their Bets

In other SL Green Realty news, insider Harrison Sitomer sold 23,113 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the sale, the insider directly owned 109,468 shares of the company’s stock, valued at approximately $6,317,398.28. This represents a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 5.94% of the stock is currently owned by insiders.

SL Green Realty News Summary

Here are the key news stories impacting SL Green Realty this week:

• Positive Sentiment: Debt reduction from SoHo sale: SL Green agreed to sell the 13-story, 223,000-square-foot 110 Greene Street office property to Natora Group for $226 million. The transaction is expected to generate approximately $216 million in net cash proceeds, earmarked to repay unsecured corporate debt. The sale also demonstrates that the company can attract buyers and successfully lease high-quality Manhattan properties. SL Green Announces Sale of 110 Greene Street for $226 Million
• Neutral Sentiment: Analyst view remains cautious: Barclays raised its price target for SLG from $52 to $54 while maintaining an “equal weight” rating. The modest target increase indicates some valuation support but limited expected appreciation. The broader analyst consensus remains “Hold,” reinforcing a wait-and-see stance. Barclays Sticks to Its Hold Rating for SL Green Realty
• Negative Sentiment: Asset-sale concerns remain: While the proceeds should strengthen SL Green’s balance sheet, selling a fully occupied Class A property reduces the company’s income-producing asset base. Investors may also view the debt repayment strategy as evidence that SLG continues to rely on asset dispositions to manage leverage amid challenging conditions for Manhattan office real estate.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SLG. Truist Financial set a $57.00 target price on SL Green Realty and gave the company a “hold” rating in a research note on Monday, August 24th. BMO Capital Markets restated an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of SL Green Realty in a research note on Monday, July 27th. Morgan Stanley set a $52.00 price target on shares of SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Evercore cut shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price target on the stock. in a report on Monday, July 6th. Finally, Wells Fargo & Company set a $56.50 price objective on shares of SL Green Realty and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, SL Green Realty currently has an average rating of “Hold” and an average target price of $57.27.

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.