SL Green Realty Corporation $SLG Stock Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC increased its stake in SL Green Realty Corporation (NYSE:SLG) by 63.3% during the third quarter, HoldingsChannel reports. The firm owned 126,982 shares of the real estate investment trust’s stock after acquiring an additional 49,212 shares during the period. SL Green Realty accounts for approximately 1.2% of Moody Aldrich Partners LLC’s holdings, making the stock its 17th biggest position. Moody Aldrich Partners LLC’s holdings in SL Green Realty were worth $6,212,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLG. Allworth Financial LP lifted its stake in SL Green Realty by 24.3% during the second quarter. Allworth Financial LP now owns 2,554 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 499 shares in the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of SL Green Realty in the second quarter worth about $33,000. Glenmede Trust Co. NA increased its position in shares of SL Green Realty by 3.8% in the first quarter. Glenmede Trust Co. NA now owns 17,370 shares of the real estate investment trust’s stock worth $642,000 after acquiring an additional 639 shares in the last quarter. Probity Advisors Inc. increased its position in shares of SL Green Realty by 6.1% in the third quarter. Probity Advisors Inc. now owns 11,546 shares of the real estate investment trust’s stock worth $565,000 after acquiring an additional 665 shares in the last quarter. Finally, Carson Advisory Inc. increased its position in shares of SL Green Realty by 3.3% in the first quarter. Carson Advisory Inc. now owns 22,213 shares of the real estate investment trust’s stock worth $821,000 after acquiring an additional 700 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SLG. LADENBURG THALM/SH SH boosted their price target on shares of SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Morgan Stanley set a $52.00 price objective on shares of SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Truist Financial decreased their price objective on shares of SL Green Realty from $57.00 to $48.00 and set a “hold” rating for the company in a research note on Tuesday. UBS Group set a $60.00 price objective on shares of SL Green Realty in a research report on Monday, July 27th. Finally, Mizuho set a $53.00 target price on shares of SL Green Realty in a research note on Tuesday, September 8th. Six research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SL Green Realty presently has a consensus rating of “Hold” and a consensus target price of $54.50.

Insider Buying and Selling at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total value of $1,333,851.23. Following the transaction, 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 5.94% of the company’s stock.

SL Green Realty Stock Performance

Shares of SLG opened at $49.00 on Thursday. The company has a market capitalization of $3.49 billion, a PE ratio of -23.79, a PEG ratio of 4.06 and a beta of 1.66. The company has a debt-to-equity ratio of 1.11, a quick ratio of 3.10 and a current ratio of 2.92. The company’s 50 day moving average price is $51.65 and its 200 day moving average price is $46.84. SL Green Realty Corporation has a 52 week low of $34.77 and a 52 week high of $60.09.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.25) by $1.26. The company had revenue of $165.55 million during the quarter, compared to the consensus estimate of $176.97 million. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.18%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.58 EPS. Research analysts expect that SL Green Realty Corporation will post 5.72 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a dividend yield of 5.0%. The ex-dividend date was Wednesday, September 30th. SL Green Realty’s payout ratio is currently -119.90%.

SL Green Realty Company Profile

SL Green Realty Corp. (NYSE: SLG) is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City’s prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.