Shell Asset Management Co. Has $1.40 Million Position in SL Green Realty Corporation (SLG)

Shell Asset Management Co. reduced its holdings in SL Green Realty Corporation (NYSE:SLG) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,857 shares of the real estate investment trust’s stock after selling 2,653 shares during the quarter. Shell Asset Management Co.’s holdings in SL Green Realty Corporation were worth $1,404,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SLG. BlackRock Inc. boosted its stake in SL Green Realty Corporation by 0.8% during the 2nd quarter. BlackRock Inc. now owns 9,414,955 shares of the real estate investment trust’s stock valued at $996,102,000 after purchasing an additional 77,742 shares in the last quarter. Boston Partners boosted its stake in shares of SL Green Realty Corporation by 4.2% during the 2nd quarter. Boston Partners now owns 3,137,553 shares of the real estate investment trust’s stock worth $331,953,000 after acquiring an additional 125,928 shares in the last quarter. FMR LLC boosted its position in shares of SL Green Realty Corporation by 8.9% in the second quarter. FMR LLC now owns 2,846,095 shares of the real estate investment trust’s stock worth $301,117,000 after buying an additional 232,516 shares during the period. Lasalle Investment Management Securities LLC boosted its position in shares of SL Green Realty Corporation by 7.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,349,685 shares of the real estate investment trust’s stock worth $248,597,000 after buying an additional 163,813 shares during the period. Finally, PGGM Investments boosted its position in shares of SL Green Realty Corporation by 2.4% in the second quarter. PGGM Investments now owns 1,944,802 shares of the real estate investment trust’s stock worth $205,760,000 after buying an additional 46,000 shares during the period.

SLG has been the subject of several recent research reports. SunTrust Banks, Inc. set a $115.00 price objective on SL Green Realty Corporation and gave the stock a “buy” rating in a report on Saturday, October 21st. Barclays PLC cut their price objective on SL Green Realty Corporation from $111.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. KeyCorp restated a “buy” rating and set a $130.00 target price on shares of SL Green Realty Corporation in a report on Tuesday, September 26th. BMO Capital Markets reiterated a “buy” rating and issued a $125.00 price objective on shares of SL Green Realty Corporation in a research note on Wednesday, October 25th. Finally, Citigroup Inc. dropped their price objective on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, July 26th. One equities 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 stock. SL Green Realty Corporation currently has an average rating of “Hold” and an average price target of $115.00.

SL Green Realty Corporation (SLG) traded up $0.17 during trading on Tuesday, reaching $100.06. 934,600 shares of the company’s stock traded hands, compared to its average volume of 738,720. SL Green Realty Corporation has a 52-week low of $93.92 and a 52-week high of $115.34. The company has a market cap of $9,815.76, a PE ratio of 15.93, a P/E/G ratio of 2.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.11 and a current ratio of 0.11.

SL Green Realty Corporation (NYSE:SLG) last posted its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($1.17). The firm had revenue of $319.50 million for the quarter, compared to analyst estimates of $326.70 million. SL Green Realty Corporation had a return on equity of 1.54% and a net margin of 7.70%. The business’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.63 EPS. equities analysts forecast that SL Green Realty Corporation will post 6.44 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio is presently 300.97%.

WARNING: “Shell Asset Management Co. Has $1.40 Million Position in SL Green Realty Corporation (SLG)” was first posted by Week Herald and is owned by of Week Herald. If you are reading this piece on another publication, it was copied illegally and reposted in violation of U.S. & international copyright & trademark law. The original version of this piece can be viewed at https://weekherald.com/2017/11/14/sl-green-realty-corporation-slg-position-cut-by-shell-asset-management-co.html.

SL Green Realty Corporation 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 Corporation (NYSE:SLG)

Receive News & Ratings for SL Green Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply