Inceptionr LLC Invests $509,000 in SL Green Realty Corporation $SLG

Inceptionr LLC bought a new position in shares of SL Green Realty Corporation (NYSE:SLG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 13,767 shares of the real estate investment trust’s stock, valued at approximately $509,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. State Street Corp raised its position 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 worth $264,636,000 after acquiring an additional 41,873 shares during the period. Alyeska Investment Group L.P. increased its stake in shares of 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 worth $139,501,000 after purchasing an additional 617,488 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of 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 worth $133,862,000 after purchasing an additional 1,117,357 shares during the last quarter. Cohen & Steers Inc. bought a new stake in shares of SL Green Realty in the 4th quarter worth approximately $121,675,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SL Green Realty by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,561,121 shares of the real estate investment trust’s stock worth $71,609,000 after purchasing an additional 32,779 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Morgan Stanley set a $52.00 target price on SL Green Realty and gave the company an “equal weight” rating in a research note on Wednesday. Mizuho lifted their price objective on SL Green Realty from $38.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, July 21st. Evercore cut SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price objective on the stock. in a research note on Monday, July 6th. Weiss Ratings raised shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. increased their target price on shares of SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, SL Green Realty currently has a consensus rating of “Hold” and an average price target of $54.75.

SL Green Realty Price Performance

NYSE:SLG opened at $54.62 on Friday. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -20.01 and a beta of 1.58. SL Green Realty Corporation has a 52-week low of $34.77 and a 52-week high of $66.29. The stock has a fifty day moving average of $48.91 and a 200 day moving average of $44.15. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.03 and a current ratio of 3.10.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) EPS for the quarter, topping 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 analysts’ expectations of $179.01 million. During the same quarter in the previous year, the company earned $1.63 EPS. The business’s quarterly revenue 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. On average, research analysts expect that SL Green Realty Corporation will post 4.53 EPS for the current fiscal year.

SL Green Realty Announces Dividend

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 4.5%. SL Green Realty’s payout ratio is currently -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.