25 High Dividend Stocks Being Targeted By Short Sellers

9. SL Green Realty Corp. (NYSE:SLG)

Short % of Float as of April 15: 11.81%

Dividend Yield as of April 28: 5.73%

SL Green Realty Corp. (NYSE:SLG) is an American real estate investment trust company and is the largest office landlord in Manhattan. As of March 31, the company had ownership stakes in 55 properties covering a total of 30.8 million square feet. This portfolio included 27.2 million square feet of Manhattan real estate and 2.8 million square feet tied to debt and preferred equity investments.

SL Green Realty Corp. (NYSE:SLG) faced challenges in recent years as the pandemic and shifting trends in work habits continued to pressure the office REIT sector. It reduced its monthly dividend by 13% at the start of 2023, followed by another cut of nearly 8% just before 2024 began. However, in December 2024, it announced a 3% dividend increase — a modest improvement, but a positive sign nonetheless. Although the office market remains somewhat uncertain, it appears that the most difficult period for SL Green may be behind it.

In the first quarter of 2025, SL Green Realty Corp. (NYSE:SLG) reported revenue of $163 million, which showed a 15.2% growth from the same period last year. The revenue surpassed analysts’ estimates by $5.3 million. The company’s same-store cash net operating income — including SL Green’s share from unconsolidated joint ventures — rose by 2.4% year over year, excluding income from lease terminations. As of March 31, office occupancy in Manhattan properties stood at 91.8%, including signed leases that had not yet begun, aligning with the company’s projections.

SL Green Realty Corp. (NYSE:SLG) offers a monthly dividend of $0.2575 per share and has a dividend yield of 5.73%, as of April 28.