SL Green Realty Corporation $SLG Shares Acquired by Hsbc Holdings PLC

Hsbc Holdings PLC boosted its stake in SL Green Realty Corporation (NYSE:SLG) by 15.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 189,097 shares of the real estate investment trust’s stock after purchasing an additional 24,699 shares during the quarter. Hsbc Holdings PLC owned about 0.27% of SL Green Realty worth $9,808,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Pointe Advisors LLC purchased a new position in SL Green Realty during the second quarter worth approximately $211,000. Valueworks LLC acquired a new position in shares of SL Green Realty in the 2nd quarter valued at $10,095,000. Empowered Funds LLC purchased a new stake in shares of SL Green Realty during the 2nd quarter valued at $356,000. Public Employees Retirement System of Ohio purchased a new stake in shares of SL Green Realty during the 2nd quarter valued at $4,316,000. Finally, Adelante Capital Management LLC acquired a new stake in shares of SL Green Realty during the 2nd quarter worth $5,496,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Stock Performance

NYSE:SLG opened at $52.48 on Thursday. The firm’s fifty day simple moving average is $54.15 and its 200 day simple moving average is $46.72. The company has a current ratio of 3.10, a quick ratio of 3.10 and a debt-to-equity ratio of 1.05. SL Green Realty Corporation has a twelve month low of $34.77 and a twelve month high of $66.29. The firm has a market capitalization of $3.73 billion, a price-to-earnings ratio of -19.22, a PEG ratio of 2.28 and a beta of 1.60.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.59) by $0.21. SL Green Realty had a negative return on equity of 4.37% and a negative net margin of 16.92%.The firm had revenue of $264.00 million during the quarter, compared to the consensus estimate of $179.01 million. During the same period in the prior year, the firm earned $1.63 EPS. The firm’s quarterly revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts expect that SL Green Realty Corporation will post 5.53 earnings per share for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.6175 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.7%. SL Green Realty’s dividend payout ratio (DPR) is -90.48%.

Insider Activity at SL Green Realty

In related news, insider Harrison Sitomer sold 23,113 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the sale, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. This trade represents a 17.43% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 5.94% of the company’s stock.

SL Green Realty News Roundup

Here are the key news stories impacting SL Green Realty this week:

• Positive Sentiment: Debt reduction from SoHo sale: SL Green agreed to sell the 13-story, 223,000-square-foot 110 Greene Street office property to Natora Group for $226 million. The transaction is expected to generate approximately $216 million in net cash proceeds, earmarked to repay unsecured corporate debt. The sale also demonstrates that the company can attract buyers and successfully lease high-quality Manhattan properties. SL Green Announces Sale of 110 Greene Street for $226 Million
• Neutral Sentiment: Analyst view remains cautious: Barclays raised its price target for SLG from $52 to $54 while maintaining an “equal weight” rating. The modest target increase indicates some valuation support but limited expected appreciation. The broader analyst consensus remains “Hold,” reinforcing a wait-and-see stance. Barclays Sticks to Its Hold Rating for SL Green Realty
• Negative Sentiment: Asset-sale concerns remain: While the proceeds should strengthen SL Green’s balance sheet, selling a fully occupied Class A property reduces the company’s income-producing asset base. Investors may also view the debt repayment strategy as evidence that SLG continues to rely on asset dispositions to manage leverage amid challenging conditions for Manhattan office real estate.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on SLG. Morgan Stanley set a $52.00 target price on SL Green Realty and gave the stock an “equal weight” rating in a research report on Wednesday, July 22nd. UBS Group set a $60.00 price target on SL Green Realty in a research report on Monday, July 27th. Scotiabank upped their price target on SL Green Realty from $56.00 to $60.00 and gave the stock a “sector outperform” rating in a research note on Wednesday, August 5th. Citigroup restated a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. Finally, Evercore lowered 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. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $57.27.

SL Green Realty Company 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.