Centersquare Investment Management LLC Makes New Investment in SL Green Realty Corporation $SLG

Centersquare Investment Management LLC bought a new stake in SL Green Realty Corporation (NYSE:SLG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 670,360 shares of the real estate investment trust’s stock, valued at approximately $30,749,000.

Other institutional investors have also modified their holdings of the company. Triumph Capital Management acquired a new position in shares of SL Green Realty in the third quarter valued at approximately $45,000. State of Wyoming acquired a new position in shares of SL Green Realty in the third quarter valued at approximately $68,000. Hantz Financial Services Inc. increased its holdings in shares of SL Green Realty by 252.9% in the third quarter. Hantz Financial Services Inc. now owns 1,235 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 885 shares during the period. Fourth Dimension Wealth LLC increased its holdings in shares of SL Green Realty by 45.5% in the fourth quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $73,000 after purchasing an additional 500 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of SL Green Realty by 107.8% in the third quarter. Jones Financial Companies Lllp now owns 1,644 shares of the real estate investment trust’s stock valued at $98,000 after purchasing an additional 853 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Stock Up 0.4%

SL Green Realty stock opened at $51.25 on Friday. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 3.03. SL Green Realty Corporation has a 1-year low of $34.77 and a 1-year high of $66.37. The company has a market cap of $3.66 billion, a PE ratio of -20.42 and a beta of 1.61. The stock’s 50 day moving average price is $43.06 and its 200 day moving average price is $42.92.

SL Green Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were paid a $0.6175 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.8%. SL Green Realty’s payout ratio is -98.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SLG. Truist Financial boosted their target price on SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Citigroup dropped their target price on SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Evercore reissued an “outperform” rating and issued a $50.00 target price on shares of SL Green Realty in a report on Monday. Weiss Ratings raised SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Finally, Morgan Stanley dropped their target price on SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 31st. Eight analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, SL Green Realty currently has an average rating of “Hold” and a consensus target price of $50.90.

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.