Nisa Investment Advisors LLC Sells 1,283 Shares of SL Green Realty Corp. (NYSE:SLG)

Nisa Investment Advisors LLC decreased its holdings in shares of SL Green Realty Corp. (NYSE:SLG) by 1.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,191 shares of the real estate investment trust’s stock after selling 1,283 shares during the period. Nisa Investment Advisors LLC’s holdings in SL Green Realty were worth $8,127,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its stake in SL Green Realty by 50.5% in the 3rd quarter. Wellington Management Group LLP now owns 2,913,049 shares of the real estate investment trust’s stock valued at $202,777,000 after buying an additional 977,321 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of SL Green Realty by 8.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,268,138 shares of the real estate investment trust’s stock valued at $88,275,000 after purchasing an additional 97,653 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of SL Green Realty by 9.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 994,909 shares of the real estate investment trust’s stock worth $56,350,000 after purchasing an additional 88,309 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of SL Green Realty by 396.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 446,170 shares of the real estate investment trust’s stock worth $31,058,000 after purchasing an additional 356,275 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in SL Green Realty during the 3rd quarter valued at about $18,811,000. 89.96% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Scotiabank raised their price objective on shares of SL Green Realty from $80.00 to $81.00 and gave the stock a “sector perform” rating in a report on Tuesday, December 10th. JPMorgan Chase & Co. upgraded SL Green Realty from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $51.00 to $80.00 in a research report on Tuesday, December 10th. Jefferies Financial Group reduced their price target on shares of SL Green Realty from $75.00 to $69.00 and set a “hold” rating on the stock in a research report on Thursday, January 2nd. Piper Sandler reiterated an “overweight” rating and issued a $90.00 price target (up previously from $75.00) on shares of SL Green Realty in a report on Monday, October 21st. Finally, Compass Point raised their target price on shares of SL Green Realty from $65.00 to $75.00 and gave the company a “neutral” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, SL Green Realty presently has an average rating of “Hold” and an average target price of $68.38.

SL Green Realty Stock Performance

NYSE SLG opened at $65.74 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.58 and a current ratio of 2.58. The company has a market capitalization of $4.33 billion, a PE ratio of -26.29, a price-to-earnings-growth ratio of 5.53 and a beta of 1.82. SL Green Realty Corp. has a 52-week low of $41.88 and a 52-week high of $82.81. The company has a 50-day simple moving average of $71.13 and a 200 day simple moving average of $69.12.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of ($0.45) by $1.90. SL Green Realty had a negative net margin of 16.78% and a negative return on equity of 3.76%. On average, research analysts predict that SL Green Realty Corp. will post 7.78 EPS for the current year.

SL Green Realty Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Investors of record on Friday, January 31st will be issued a $0.2575 dividend. This represents a $3.09 annualized dividend and a yield of 4.70%. The ex-dividend date of this dividend is Friday, January 31st. SL Green Realty’s dividend payout ratio (DPR) is currently -123.60%.

About SL Green Realty

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.