GSA Capital Partners LLP Takes Position in SL Green Realty Corporation $SLG

GSA Capital Partners LLP bought a new position in shares of SL Green Realty Corporation (NYSE:SLG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 19,142 shares of the real estate investment trust’s stock, valued at approximately $878,000.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in SL Green Realty by 12.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 727,906 shares of the real estate investment trust’s stock worth $43,536,000 after purchasing an additional 81,910 shares in the last quarter. Y Intercept Hong Kong Ltd increased its stake in SL Green Realty by 282.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 52,986 shares of the real estate investment trust’s stock worth $3,169,000 after purchasing an additional 39,135 shares in the last quarter. Picton Mahoney Asset Management increased its stake in SL Green Realty by 218.2% during the 3rd quarter. Picton Mahoney Asset Management now owns 239,012 shares of the real estate investment trust’s stock worth $14,296,000 after purchasing an additional 163,903 shares in the last quarter. Strs Ohio increased its stake in SL Green Realty by 78.6% during the 3rd quarter. Strs Ohio now owns 138,800 shares of the real estate investment trust’s stock worth $8,302,000 after purchasing an additional 61,100 shares in the last quarter. Finally, Aberdeen Group plc increased its stake in SL Green Realty by 95.8% during the 3rd quarter. Aberdeen Group plc now owns 288,709 shares of the real estate investment trust’s stock worth $17,302,000 after purchasing an additional 141,263 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

SL Green Realty Trading Up 1.9%

NYSE:SLG opened at $43.34 on Friday. SL Green Realty Corporation has a twelve month low of $34.77 and a twelve month high of $66.91. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average price of $40.43 and a two-hundred day moving average price of $43.08. The company has a market cap of $3.09 billion, a P/E ratio of -17.27 and a beta of 1.60.

SL Green Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.6175 per share. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $2.47 dividend on an annualized basis and a yield of 5.7%. SL Green Realty’s dividend payout ratio is -98.41%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. BTIG Research lowered their target price on SL Green Realty from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Barclays lowered their target price on SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. Zacks Research raised SL Green Realty from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. Raymond James Financial set a $44.00 target price on SL Green Realty in a research note on Tuesday, February 3rd. Finally, Piper Sandler reduced their price target on SL Green Realty from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $51.20.

SL Green Realty Profile

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.