22,945 Shares in SL Green Realty Corp (NYSE:SLG) Purchased by Beech Hill Advisors Inc.

Beech Hill Advisors Inc. purchased a new stake in shares of SL Green Realty Corp (NYSE:SLG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 22,945 shares of the real estate investment trust’s stock, valued at approximately $2,316,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SLG. Long Pond Capital LP boosted its position in SL Green Realty by 60.3% during the third quarter. Long Pond Capital LP now owns 2,740,082 shares of the real estate investment trust’s stock valued at $277,625,000 after buying an additional 1,031,232 shares during the period. Brookfield Asset Management Inc. boosted its position in SL Green Realty by 41.6% during the second quarter. Brookfield Asset Management Inc. now owns 1,702,965 shares of the real estate investment trust’s stock valued at $180,174,000 after buying an additional 500,665 shares during the period. Koch Industries Inc. purchased a new stake in SL Green Realty during the second quarter valued at about $316,000. APG Asset Management US Inc. boosted its position in SL Green Realty by 35.9% during the third quarter. APG Asset Management US Inc. now owns 1,130,500 shares of the real estate investment trust’s stock valued at $114,542,000 after buying an additional 298,500 shares during the period. Finally, FMR LLC boosted its position in SL Green Realty by 8.9% during the second quarter. FMR LLC now owns 2,846,095 shares of the real estate investment trust’s stock valued at $301,117,000 after buying an additional 232,516 shares during the period.

In related news, CEO Marc Holliday purchased 7,880 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was bought at an average cost of $25.20 per share, with a total value of $198,576.00. Following the completion of the purchase, the chief executive officer now directly owns 88,900 shares in the company, valued at $2,240,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Craig M. Hatkoff sold 3,400 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $93.73, for a total transaction of $318,682.00. Following the transaction, the director now directly owns 1,365 shares of the company’s stock, valued at approximately $127,941.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 169,400 shares of company stock valued at $17,038,862. 2.99% of the stock is owned by insiders.

Several research firms have issued reports on SLG. SunTrust Banks set a $115.00 price target on shares of SL Green Realty and gave the company a “buy” rating in a research report on Saturday, October 21st. Barclays dropped their target price on shares of SL Green Realty from $111.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. BMO Capital Markets reiterated a “buy” rating and set a $125.00 target price on shares of SL Green Realty in a report on Wednesday, October 25th. Robert W. Baird increased their target price on shares of SL Green Realty from $120.00 to $121.00 and gave the stock an “outperform” rating in a report on Monday, October 23rd. Finally, Citigroup dropped their target price on shares of SL Green Realty from $125.00 to $123.00 and set a “buy” rating for the company in a report on Monday, October 23rd. One research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $114.83.

SL Green Realty Corp (NYSE SLG) traded down $0.03 during mid-day trading on Wednesday, reaching $93.79. 1,124,675 shares of the company were exchanged, compared to its average volume of 1,116,022. SL Green Realty Corp has a 12 month low of $89.46 and a 12 month high of $115.34. The company has a market capitalization of $8,601.91, a P/E ratio of 106.61, a P/E/G ratio of 2.29 and a beta of 1.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.51.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.60. SL Green Realty had a net margin of 6.71% and a return on equity of 1.42%. The company had revenue of $361.30 million during the quarter, compared to the consensus estimate of $320.48 million. During the same period in the prior year, the firm earned $1.43 earnings per share. SL Green Realty’s revenue was down 3.4% on a year-over-year basis. equities research analysts anticipate that SL Green Realty Corp will post 6.74 earnings per share for the current year.

SL Green Realty declared that its Board of Directors has authorized a share buyback plan on Friday, December 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were paid a $0.8125 dividend. This is an increase from SL Green Realty’s previous quarterly dividend of $0.78. This represents a $3.25 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Friday, December 29th. SL Green Realty’s dividend payout ratio is presently 369.32%.

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SL Green Realty Company Profile

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.

Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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