Verition Fund Management LLC bought a new stake in SL Green Realty Corp (NYSE:SLG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 14,730 shares of the real estate investment trust’s stock, valued at approximately $1,487,000.
Other institutional investors also recently bought and sold shares of the company. Zeke Capital Advisors LLC purchased a new stake in shares of SL Green Realty during the 4th quarter worth $363,000. Kemper Corp Master Retirement Trust purchased a new stake in SL Green Realty in the fourth quarter valued at $204,000. Millennium Management LLC raised its holdings in shares of SL Green Realty by 1,668.9% in the fourth quarter. Millennium Management LLC now owns 492,035 shares of the real estate investment trust’s stock valued at $49,661,000 after buying an additional 464,219 shares during the last quarter. Flinton Capital Management LLC raised its holdings in shares of 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 buying an additional 646 shares during the last quarter. Finally, Raymond James & Associates raised its holdings in shares of SL Green Realty by 2.4% in the fourth quarter. Raymond James & Associates now owns 79,554 shares of the real estate investment trust’s stock valued at $8,029,000 after buying an additional 1,847 shares during the last quarter.
A number of research analysts have recently issued reports on the stock. BMO Capital Markets reiterated a “buy” rating and set a $120.00 price target on shares of SL Green Realty in a research note on Tuesday, January 9th. SunTrust Banks set a $110.00 target price on shares of SL Green Realty and gave the stock a “buy” rating in a research report on Monday, January 22nd. Robert W. Baird reaffirmed a “buy” rating and issued a $114.00 price target on shares of SL Green Realty in a report on Friday, January 26th. Stifel Nicolaus raised shares of SL Green Realty from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $111.00 in a report on Friday, January 26th. Finally, ValuEngine downgraded shares of SL Green Realty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the stock. SL Green Realty currently has an average rating of “Hold” and an average target price of $113.69.
SLG traded down $1.48 during trading hours on Friday, reaching $94.52. 951,440 shares of the stock traded hands, compared to its average volume of 889,527. The firm has a market cap of $8,671.40, a price-to-earnings ratio of 14.91, a PEG ratio of 2.37 and a beta of 1.06. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.45. SL Green Realty Corp has a fifty-two week low of $89.46 and a fifty-two week high of $109.95.
SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $1.60 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.60. The company had revenue of $361.30 million during the quarter, compared to analyst estimates of $320.48 million. SL Green Realty had a net margin of 6.71% and a return on equity of 1.38%. The firm’s revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period last year, the business earned $1.43 EPS. analysts forecast that SL Green Realty Corp will post 6.75 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Monday, April 2nd will be given a $0.8125 dividend. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.44%. SL Green Realty’s payout ratio is currently 50.39%.
In other news, Director Craig M. Hatkoff sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $93.73, for a total value of $318,682.00. Following the transaction, the director now directly owns 1,365 shares in the company, valued at approximately $127,941.45. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Marc Holliday bought 7,880 shares of the stock in a transaction on Monday, January 29th. The shares were bought at an average cost of $25.20 per share, for a total transaction of $198,576.00. Following the purchase, the chief executive officer now owns 88,900 shares in the company, valued at approximately $2,240,280. The disclosure for this purchase can be found here. Company insiders own 3.09% of the company’s stock.
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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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