SL Green Realty Corp (SLG) Position Raised by Xact Kapitalforvaltning AB

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Xact Kapitalforvaltning AB boosted its position in SL Green Realty Corp (NYSE:SLG) by 4.3% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 22,557 shares of the real estate investment trust’s stock after purchasing an additional 938 shares during the period. Xact Kapitalforvaltning AB’s holdings in SL Green Realty were worth $2,184,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Boston Partners lifted its stake in SL Green Realty by 2.3% in the 1st quarter. Boston Partners now owns 2,335,148 shares of the real estate investment trust’s stock valued at $226,112,000 after purchasing an additional 52,143 shares during the last quarter. MetLife Investment Advisors LLC acquired a new stake in SL Green Realty in the 4th quarter valued at about $3,069,000. Teachers Insurance & Annuity Association of America lifted its stake in SL Green Realty by 9.7% in the 4th quarter. Teachers Insurance & Annuity Association of America now owns 105,521 shares of the real estate investment trust’s stock valued at $10,650,000 after purchasing an additional 9,359 shares during the last quarter. Bamco Inc. NY lifted its stake in SL Green Realty by 27.6% in the 4th quarter. Bamco Inc. NY now owns 204,311 shares of the real estate investment trust’s stock valued at $20,621,000 after purchasing an additional 44,145 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in SL Green Realty by 71.1% in the 4th quarter. Alliancebernstein L.P. now owns 402,328 shares of the real estate investment trust’s stock valued at $40,607,000 after purchasing an additional 167,207 shares during the last quarter.

In other news, insider Andrew S. Levine sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $100.23, for a total transaction of $1,503,450.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.65% of the stock is currently owned by company insiders.

Several equities research analysts recently issued reports on SLG shares. Jefferies Financial Group started coverage on shares of SL Green Realty in a research note on Monday, February 26th. They issued a “buy” rating for the company. BMO Capital Markets restated a “buy” rating and set a $115.00 price objective on shares of SL Green Realty in a research report on Tuesday, February 27th. Evercore ISI downgraded shares of SL Green Realty from an “in-line” rating to an “underperform” rating in a research report on Monday, March 5th. SunTrust Banks downgraded shares of SL Green Realty from a “buy” rating to a “hold” rating and set a $108.00 price objective for the company. in a research report on Friday, March 9th. Finally, Zacks Investment Research upgraded shares of SL Green Realty from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a research report on Tuesday, April 3rd. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $111.21.

Shares of SL Green Realty opened at $100.61 on Tuesday, according to Marketbeat.com. SL Green Realty Corp has a 12 month low of $89.46 and a 12 month high of $107.88. The company has a market cap of $8.98 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 2.51 and a beta of 1.06. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.80.

SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, April 18th. The real estate investment trust reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.65 by ($1.10). SL Green Realty had a return on equity of 2.72% and a net margin of 13.36%. The business had revenue of $301.70 million for the quarter, compared to the consensus estimate of $295.93 million. During the same period in the prior year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was down 20.1% compared to the same quarter last year. equities analysts predict that SL Green Realty Corp will post 6.76 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Friday, June 29th will be issued a dividend of $0.813 per share. The ex-dividend date is Thursday, June 28th. This represents a $3.25 annualized dividend and a dividend yield of 3.23%. SL Green Realty’s dividend payout ratio is presently 50.39%.

SL Green Realty Company Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2018, SL Green held interests in 118 Manhattan buildings totaling 49.9 million square feet.

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

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