Crossmark Global Holdings Inc. Has $834,000 Stake in SL Green Realty Corp (SLG)

Crossmark Global Holdings Inc. grew its stake in SL Green Realty Corp (NYSE:SLG) by 30.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,268 shares of the real estate investment trust’s stock after purchasing an additional 1,919 shares during the period. Crossmark Global Holdings Inc.’s holdings in SL Green Realty were worth $834,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of the company. Long Pond Capital LP grew its position in shares of SL Green Realty by 60.3% in 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 purchasing an additional 1,031,232 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of SL Green Realty by 3.5% in the third quarter. Principal Financial Group Inc. now owns 2,174,791 shares of the real estate investment trust’s stock valued at $220,350,000 after purchasing an additional 73,119 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of SL Green Realty by 2.2% in the third quarter. Dimensional Fund Advisors LP now owns 1,461,498 shares of the real estate investment trust’s stock valued at $148,077,000 after purchasing an additional 31,571 shares in the last quarter. APG Asset Management US Inc. grew its position in shares of SL Green Realty by 35.9% in 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 purchasing an additional 298,500 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of SL Green Realty by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 914,652 shares of the real estate investment trust’s stock valued at $92,316,000 after purchasing an additional 28,809 shares in the last quarter.

SL Green Realty Corp (NYSE:SLG) opened at $96.20 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.11 and a current ratio of 0.11. SL Green Realty Corp has a 52 week low of $89.46 and a 52 week high of $115.34. The company has a market capitalization of $8,866.40, a price-to-earnings ratio of 109.32, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12.

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

SL Green Realty declared that its board has approved a share repurchase program on Friday, December 1st that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

In other SL Green Realty news, Director John S. Levy sold 6,000 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $103.23, for a total transaction of $619,380.00. Following the transaction, the director now directly owns 21,827 shares in the company, valued at $2,253,201.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Craig M. Hatkoff sold 3,400 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total value of $318,682.00. Following the transaction, the director now owns 1,365 shares in the company, valued at $127,941.45. The disclosure for this sale can be found here. Insiders have sold 169,400 shares of company stock worth $17,038,862 over the last 90 days. 3.09% of the stock is owned by insiders.

A number of research analysts recently commented on the company. ValuEngine cut SL Green Realty from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Robert W. Baird reiterated a “buy” rating and issued a $114.00 price objective on shares of SL Green Realty in a report on Friday, January 26th. Stifel Nicolaus upgraded SL Green Realty from a “hold” rating to a “buy” rating and upped their price objective for the company from $105.00 to $111.00 in a report on Friday, January 26th. SunTrust Banks set a $110.00 price objective on SL Green Realty and gave the company a “buy” rating in a report on Monday, January 22nd. Finally, Barclays decreased their price objective on SL Green Realty from $111.00 to $105.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $114.83.

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About SL Green Realty

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

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