83,375 Shares in SL Green Realty Corporation $SLG Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new stake in SL Green Realty Corporation (NYSE:SLG) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 83,375 shares of the real estate investment trust’s stock, valued at approximately $4,316,000.

A number of other large investors also recently bought and sold shares of SLG. Adelante Capital Management LLC acquired a new stake in shares of SL Green Realty during the second quarter valued at about $5,496,000. Corient Private Wealth LP acquired a new stake in SL Green Realty in the 2nd quarter valued at approximately $1,242,000. Bank of America Corp DE acquired a new stake in SL Green Realty in the 2nd quarter valued at approximately $24,935,000. Jupiter Topco LLC purchased a new stake in SL Green Realty in the second quarter valued at approximately $1,556,000. Finally, Hsbc Holdings PLC purchased a new stake in SL Green Realty in the second quarter valued at approximately $9,808,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

Insider Buying and Selling at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of SL Green Realty 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 completion of the sale, the insider directly owned 109,468 shares of the company’s stock, valued at approximately $6,317,398.28. The trade was a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.94% of the company’s stock.

Wall Street Analysts Forecast Growth

SLG has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $60.00 price target (up from $52.00) on shares of SL Green Realty in a research report on Monday, July 27th. UBS Group set a $60.00 target price on SL Green Realty in a research report on Monday, July 27th. LADENBURG THALM/SH SH boosted their price target on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Piper Sandler set a $79.00 price target on shares of SL Green Realty and gave the stock an “overweight” rating in a research report on Friday, July 24th. Finally, Evercore cut shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price objective for the company. in a report on Monday, July 6th. 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $56.83.

SL Green Realty Trading Down 0.3%

SLG opened at $54.99 on Friday. The business has a fifty day moving average price of $54.00 and a 200 day moving average price of $46.31. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.10 and a quick ratio of 3.10. SL Green Realty Corporation has a 12 month low of $34.77 and a 12 month high of $66.29. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of -20.14, a PEG ratio of 2.38 and a beta of 1.60.

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

SL Green Realty Dividend Announcement

The company 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. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.5%. The ex-dividend date was Tuesday, June 30th. 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.