Janney Montgomery Scott LLC Has $2.07 Million Stake in SL Green Realty Corporation $SLG

Janney Montgomery Scott LLC grew its position in SL Green Realty Corporation (NYSE:SLG) by 36.0% during the first quarter, HoldingsChannel reports. The firm owned 55,936 shares of the real estate investment trust’s stock after buying an additional 14,813 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SL Green Realty were worth $2,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SLG. Triumph Capital Management acquired a new position in SL Green Realty in the 3rd quarter valued at $45,000. Davis Capital Management acquired a new position in SL Green Realty during the 1st quarter worth $46,000. Fourth Dimension Wealth LLC lifted its position in SL Green Realty by 45.5% during the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after acquiring an additional 500 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings in SL Green Realty by 30.6% during the fourth quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock valued at $74,000 after acquiring an additional 378 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in SL Green Realty by 255.2% during the fourth quarter. Fifth Third Bancorp now owns 2,540 shares of the real estate investment trust’s stock valued at $117,000 after acquiring an additional 1,825 shares during the period. Institutional investors own 89.96% of the company’s stock.

SL Green Realty Stock Down 0.2%

SLG opened at $48.26 on Friday. The company has a market capitalization of $3.45 billion, a P/E ratio of -19.23 and a beta of 1.58. The company has a debt-to-equity ratio of 1.18, a current ratio of 3.03 and a quick ratio of 3.03. The firm’s fifty day moving average price is $47.31 and its two-hundred day moving average price is $43.74. SL Green Realty Corporation has a fifty-two week low of $34.77 and a fifty-two week high of $66.29.

SL Green Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.6175 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $2.47 annualized dividend and a yield of 5.1%. SL Green Realty’s payout ratio is currently -98.41%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SLG shares. Evercore cut SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price objective for the company. in a research report on Monday. LADENBURG THALM/SH SH raised their target price on SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft raised SL Green Realty from a “hold” rating to a “buy” rating and lowered their target price for the company from $45.00 to $44.00 in a report on Wednesday, March 18th. JPMorgan Chase & Co. lifted their price target on SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $50.75.

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.