Sei Investments Co. Acquires 104,399 Shares of SL Green Realty Corporation $SLG

Sei Investments Co. grew its stake in SL Green Realty Corporation (NYSE:SLG) by 40.9% during the first quarter, HoldingsChannel.com reports. The firm owned 359,872 shares of the real estate investment trust’s stock after buying an additional 104,399 shares during the period. Sei Investments Co.’s holdings in SL Green Realty were worth $13,294,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Triumph Capital Management acquired a new position in SL Green Realty in the third quarter valued at about $45,000. Davis Capital Management bought a new position in SL Green Realty during the first quarter worth about $46,000. Fourth Dimension Wealth LLC grew its position in shares of SL Green Realty by 45.5% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 500 shares during the period. Hantz Financial Services Inc. grew its position in shares of SL Green Realty by 30.6% during the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 378 shares during the period. Finally, Leonteq Securities AG increased its stake in shares of SL Green Realty by 4,194.0% in the 1st quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock valued at $79,000 after acquiring an additional 2,097 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

SLG has been the topic of a number of analyst reports. Weiss Ratings upgraded shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. Wells Fargo & Company upped their target price on shares of SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, June 1st. Scotiabank reiterated an “outperform” rating and issued a $56.00 target price (up from $53.00) on shares of SL Green Realty in a report on Tuesday, July 21st. 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 report on Wednesday, July 22nd. Finally, Citigroup restated a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a research report on Friday, July 24th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $54.95.

SL Green Realty Stock Performance

Shares of SLG stock opened at $53.60 on Friday. SL Green Realty Corporation has a 12 month low of $34.77 and a 12 month high of $66.29. The company’s fifty day simple moving average is $49.84 and its 200-day simple moving average is $44.26. The firm has a market cap of $3.83 billion, a PE ratio of -19.63 and a beta of 1.58. The company has a quick ratio of 3.03, a current ratio of 3.10 and a debt-to-equity ratio of 1.12.

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

SL Green Realty Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.6175 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.47 annualized dividend and a dividend yield of 4.6%. SL Green Realty’s dividend payout ratio (DPR) is presently -90.48%.

About SL Green Realty

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.