Zeke Capital Advisors LLC acquired a new stake in SL Green Realty Corp (NYSE:SLG) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,593 shares of the real estate investment trust’s stock, valued at approximately $363,000.
A number of other large investors also recently added to or reduced their stakes in the business. Cornerstone Capital Management Holdings LLC. raised its position in SL Green Realty by 0.9% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 66,503 shares of the real estate investment trust’s stock valued at $6,738,000 after purchasing an additional 604 shares during the period. Public Employees Retirement Association of Colorado raised its position in SL Green Realty by 3.4% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 18,921 shares of the real estate investment trust’s stock valued at $1,910,000 after purchasing an additional 614 shares during the period. Flinton Capital Management LLC raised its position in SL Green Realty by 12.2% in the fourth quarter. Flinton Capital Management LLC now owns 5,950 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 646 shares during the period. Rhumbline Advisers raised its position in SL Green Realty by 0.4% in the fourth quarter. Rhumbline Advisers now owns 203,687 shares of the real estate investment trust’s stock valued at $20,558,000 after purchasing an additional 909 shares during the period. Finally, Amalgamated Bank raised its position in SL Green Realty by 9.6% in the fourth quarter. Amalgamated Bank now owns 12,170 shares of the real estate investment trust’s stock valued at $1,228,000 after purchasing an additional 1,062 shares during the period.
Shares of SL Green Realty Corp (NYSE:SLG) traded down $0.33 during midday trading on Tuesday, hitting $97.93. The stock had a trading volume of 67,700 shares, compared to its average volume of 1,049,615. SL Green Realty Corp has a twelve month low of $89.46 and a twelve month high of $109.95. The stock has a market capitalization of $8,936.96, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.11 and a current ratio of 0.11.
SL Green Realty (NYSE:SLG) last announced its 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 return on equity of 1.38% and a net margin of 6.71%. The business had revenue of $361.30 million for the quarter, compared to analyst estimates of $320.48 million. During the same period in the previous year, the company earned $1.43 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. research analysts expect that SL Green Realty Corp will post 6.75 EPS for the current fiscal year.
SL Green Realty announced that its Board of Directors has authorized a stock buyback plan on Friday, December 1st that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.
SLG has been the topic of several research reports. Stifel Nicolaus raised SL Green Realty from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $111.00 in a research report on Friday, January 26th. Robert W. Baird reissued a “buy” rating and issued a $114.00 price objective on shares of SL Green Realty in a research 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 research report on Monday, January 22nd. BMO Capital Markets reissued a “buy” rating and issued a $120.00 price objective on shares of SL Green Realty in a research report on Tuesday, January 9th. Finally, BTIG Research raised SL Green Realty from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $114.25.
In related news, Director Craig M. Hatkoff sold 3,400 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total value of $318,682.00. Following the completion of the sale, the director now directly owns 1,365 shares of the company’s stock, valued at $127,941.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc Holliday sold 160,000 shares of the business’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $100.63, for a total value of $16,100,800.00. The disclosure for this sale can be found here. 2.99% of the stock is currently owned by insiders.
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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.
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