Artemis Investment Management LLP grew its holdings in SL Green Realty Corporation (NYSE:SLG) by 117.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 168,205 shares of the real estate investment trust’s stock after buying an additional 91,007 shares during the period. Artemis Investment Management LLP owned approximately 0.17% of SL Green Realty Corporation worth $17,040,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in shares of SL Green Realty Corporation during the 1st quarter worth about $203,000. Achmea Investment Management B.V. purchased a new position in shares of SL Green Realty Corporation during the 1st quarter worth about $224,000. OppenheimerFunds Inc. boosted its stake in shares of SL Green Realty Corporation by 13.0% during the 1st quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 246 shares during the period. BB&T Securities LLC purchased a new position in shares of SL Green Realty Corporation during the 2nd quarter worth about $226,000. Finally, Parametrica Management Ltd purchased a new position in shares of SL Green Realty Corporation during the 2nd quarter worth about $244,000.
SL Green Realty Corporation (NYSE SLG) traded up $1.14 during trading hours on Friday, reaching $99.89. 794,100 shares of the company’s stock traded hands, compared to its average volume of 1,076,666. The stock has a market cap of $9,815.79, a P/E ratio of 15.93, a PEG ratio of 2.58 and a beta of 1.16. SL Green Realty Corporation has a 12 month low of $93.92 and a 12 month high of $115.34. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.
SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($1.17). The company had revenue of $319.50 million for the quarter, compared to analysts’ expectations of $326.70 million. SL Green Realty Corporation had a return on equity of 1.51% and a net margin of 7.70%. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. research analysts anticipate that SL Green Realty Corporation will post 6.44 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend was Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is currently 300.97%.
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SLG has been the subject of a number of recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $104.00 price target (down from $106.00) on shares of SL Green Realty Corporation in a research note on Friday, September 1st. Zacks Investment Research cut shares of SL Green Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Barclays PLC dropped their price target on shares of SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating for the company in a research note on Tuesday, July 18th. Citigroup Inc. dropped their price target on shares of SL Green Realty Corporation from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. Finally, SunTrust Banks, Inc. set a $115.00 price objective on shares of SL Green Realty Corporation and gave the company a “buy” rating in a research report on Saturday, October 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. SL Green Realty Corporation has an average rating of “Hold” and an average price target of $115.00.
About SL Green Realty Corporation
SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.
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