Taking a Closer Look At SL Green Realty Corp. (SLG) Following Its Recent Trade


SL Green Realty Corp.’s filing revealed that its Director HATKOFF CRAIG M unloaded Company’s shares for reported $0.31 million on Mar 03. In the deal valued at $34.31 per share,9,000 shares were sold. As a result of this transaction, HATKOFF CRAIG M now holds 2,052 shares worth roughly $ 71553.23999999999.

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Deutsche Bank downgraded its SL Green Realty Corp. [SLG] rating to a Hold from a a Buy in a research note published on Monday. PT values the company’s stock at a premium of -8.97 to its Monday closing price. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid December from “a Neutral” to “a Sell”. Scotiabank also remained covering SLG and has decreased its forecast on December 06, 2022 with a “Sector underperform” recommendation from previously “Sector perform” rating. BMO Capital Markets revised its rating on December 06, 2022. It rated SLG as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of SLG

On Monday, SL Green Realty Corp. [NYSE:SLG] saw its stock jump 1.75% to $34.87. On the same session, the stock had its day’s lowest price of $34.62, but rose to a high of $35.80. Over the last five days, the stock has gained 0.40%. SL Green Realty Corp. shares have risen nearly 3.41% since the year began. Nevertheless, the stocks have fallen -56.16% over the past one year. While a 52-week high of $83.96 was reached on 02/02/23, a 52-week low of $32.15 was recorded on 03/02/23. SMA at 50 days reached $36.89, while 200 days put it at $43.12. A total of 2.39 million shares were traded, compared to the trading of 0.96 million shares in the previous session.

Levels Of Support And Resistance For SLG Stock

The 24-hour chart illustrates a support level at 34.39, which if violated will result in even more drops to 33.92. On the upside, there is a resistance level at 35.57. A further resistance level may holdings at 36.28. The Relative Strength Index (RSI) on the 14-day chart is 38.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.52%. Stochastics %K at 16.31% indicates the stock is a buying.

How much short interest is there in SL Green Realty Corp.?

A steep rise in short interest was recorded in SL Green Realty Corp. stocks on Jan 12, 2023, dropping by 70000.0 shares to a total of 7.47 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 7.54 million shares. There was a decline of -0.94%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.98.

SL Green Realty Corp. [SLG] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 9,299,787 shares, or roughly 14.46% of the outstanding SLG shares. In other words, the investor’s shares have risen by 75,939 from its previous 13-F filing of 9223848.0. Additionally, BlackRock Fund Advisors increased 6.29% of its stake after which the total value it holdings stand at $264,679,063, while SSgA Funds Management, Inc. added 1.91% of its stake to hold $154.24 million in the firm. Over the last quarter, Confluence Investment Management sold -12,457 shares of SL Green Realty Corp., while Marshall Wace LLP sold 221,907 shares. At present, BlackRock Investment Management is holding 1,518,192 shares valued at $62.47 million. Davenport & Co. LLC owned 1,420,363 shares of the company at the time of its most recent 13F filing, worth $58.45 million.


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