2,652,341 Shares in SL Green Realty Corporation $SLG Acquired by Cohen & Steers Inc.

Cohen & Steers Inc. acquired a new position in SL Green Realty Corporation (NYSE:SLG) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 2,652,341 shares of the real estate investment trust’s stock, valued at approximately $121,675,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Triumph Capital Management acquired a new position in SL Green Realty in the third quarter worth approximately $45,000. State of Wyoming acquired a new position in SL Green Realty in the third quarter worth approximately $68,000. Fourth Dimension Wealth LLC increased its holdings in 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 worth $73,000 after buying an additional 500 shares during the last quarter. Hantz Financial Services Inc. increased its holdings in SL Green Realty by 30.6% in the fourth quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 378 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in 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 worth $98,000 after buying an additional 853 shares during the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Evercore reiterated an “outperform” rating and set a $50.00 price target on shares of SL Green Realty in a report on Monday. Weiss Ratings upgraded SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Citigroup lowered their price target 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. Barclays lowered their price target on SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Finally, Truist Financial increased their price target on SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. Eight analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.90.

SL Green Realty Stock Down 0.4%

Shares of SLG stock opened at $51.12 on Friday. The stock has a market cap of $3.65 billion, a P/E ratio of -20.36 and a beta of 1.61. SL Green Realty Corporation has a one year low of $34.77 and a one year high of $66.37. The stock has a fifty day moving average price of $43.35 and a 200 day moving average price of $42.98. 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 Dividend Announcement

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

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.