SL Green Realty Corp. gets $226,000 from Bridgefront Capital LLC (NYSE: SLG) 2023
Bridgefront Capital LLC bought a new interest in shares of SL Green Realty Corp. (NYSE: SLG – Get Rating) during the third quarter, according to its most recent SEC filing. The institutional investor purchased around $226,000 worth of 5,622 shares of the real estate investment trust’s stock.
Many other hedge funds have lately purchased and sold SLG shares. During the third quarter, M Holdings Securities Inc. increased its holdings in SL Green Realty by 2.4%. M Holdings Securities Inc. now owns 11,207 shares of the REIT’s stock worth $450,000 after acquiring an additional 258 shares in the most recent quarter. In the second quarter, Bramshill Investments LLC increased its shares of SL Green Realty by 1.9%. Bramshill Investments LLC now owns 15,464 shares of the REIT’s stock worth $714,000 after acquiring 291 more shares in the last recent quarter. Yousif Capital Management LLC increased its SL Green Realty holdings by 0.8% during the first quarter. Yousif Capital Management LLC now owns 37,024 shares of the REIT’s stock worth $3,006,000 after purchasing 299 more shares in the last recent quarter. During the third quarter, Phocas Financial Corp. increased its holdings of shares of SL Green Realty by 2.6%. After acquiring an additional 330 shares during the quarter, Phocas Financial Corp. now holds 13,250 shares of the REIT’s stock with a market value of $532,000. During the second quarter, Salem Investment Counselors Inc. increased its stake in shares of SL Green Realty by 21.7%. Salem Investment Counselors Inc. now owns 1,944 shares of the REIT’s stock, valued at $90,000, after purchasing an additional 346 shares in the last recent quarter. 82.00% of the company’s stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
SLG has been the topic of many analyst reports in recent times. Thursday, StockNews.com began coverage on shares of SL Green Realty in a research report. The rating for the firm is “sell.” In a report released on Thursday, March 9th, Morgan Stanley dropped their price target on SL Green Realty from $38.00 to $35.00 and assigned the stock a “equal weight” rating. In a research report dated Tuesday, December 6th, Scotiabank reduced SL Green Realty from a “sector perform” rating to a “underperform” rating and decreased their price target for the stock from $43.00 to $34.00. Citigroup increased their price target on SL Green Realty from $30.00 to $35.00 and assigned the stock a “sell” rating in a report published on February 8th. In a research released on Tuesday, December 6th, BMO Capital Markets downgraded SL Green Realty from “outperform” to “market perform” and decreased their price objective for the company from $47.00 to $41.00. Three research analysts have assigned a sell recommendation to the stock, ten have assigned a hold rating, and three have assigned a buy rating. The consensus recommendation for SL Green Realty on MarketBeat.com is “Hold,” and the average price target is $46.94.
Internal Transactions at SL Green Realty
In related news, SL Green Realty Director Craig M. Hatkoff sold 9,000 shares of the company’s stock on Friday, March 3rd. At an average price of $34.31, the shares were sold for a total of $308,790.00. The director now directly owns 2,052 shares of the company’s stock worth approximately $70,404.12. The sale was revealed in an SEC filing, which is accessible on the SEC website. 5.21 percent of the shares are held by corporate insiders.
SL Green Realty Performance of Stock
Friday’s opening price for SLG shares was $26.29 The firm’s 50-day and 200-day moving averages are $36.39 and $38.44, respectively. The company’s debt-to-equity ratio is 1.20, while its current ratio and quick ratio are both 2.64. The 52-week low for SL Green Realty Corp. is $25.45 and the 52-week high is $83.96.