SL Green Realty Corp (SLG) Shares Sold by Rampart Investment Management Company LLC

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Rampart Investment Management Company LLC lessened its stake in SL Green Realty Corp (NYSE:SLG) by 70.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,560 shares of the real estate investment trust’s stock after selling 10,946 shares during the period. Rampart Investment Management Company LLC’s holdings in SL Green Realty were worth $96,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SLG. IFM Investors Pty Ltd boosted its stake in shares of SL Green Realty by 18.1% during the third quarter. IFM Investors Pty Ltd now owns 3,588 shares of the real estate investment trust’s stock worth $350,000 after buying an additional 551 shares during the period. Fulton Bank N.A. boosted its stake in shares of SL Green Realty by 27.4% during the third quarter. Fulton Bank N.A. now owns 2,591 shares of the real estate investment trust’s stock worth $253,000 after buying an additional 557 shares during the period. Pacer Advisors Inc. boosted its stake in shares of SL Green Realty by 14.5% during the third quarter. Pacer Advisors Inc. now owns 4,822 shares of the real estate investment trust’s stock worth $470,000 after buying an additional 612 shares during the period. Global X Management Co LLC boosted its stake in shares of SL Green Realty by 23.9% during the second quarter. Global X Management Co LLC now owns 3,273 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 632 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of SL Green Realty by 1.3% during the third quarter. State of Alaska Department of Revenue now owns 51,296 shares of the real estate investment trust’s stock worth $5,000,000 after buying an additional 647 shares during the period.

In related news, CFO Matthew J. Diliberto sold 35,000 shares of the stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $92.27, for a total transaction of $3,229,450.00. Following the completion of the transaction, the chief financial officer now directly owns 36,234 shares of the company’s stock, valued at $3,343,311.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew J. Diliberto sold 3,967 shares of the stock in a transaction dated Friday, October 26th. The stock was sold at an average price of $92.07, for a total transaction of $365,241.69. Following the transaction, the chief financial officer now directly owns 36,234 shares of the company’s stock, valued at $3,336,064.38. The disclosure for this sale can be found here. Corporate insiders own 3.65% of the company’s stock.

NYSE SLG opened at $85.63 on Wednesday. The stock has a market cap of $7.35 billion, a P/E ratio of 13.28, a PEG ratio of 2.91 and a beta of 1.09. SL Green Realty Corp has a 52-week low of $85.36 and a 52-week high of $106.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.93 and a quick ratio of 1.93.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.69 by ($0.66). The firm had revenue of $250.87 million for the quarter, compared to analysts’ expectations of $242.18 million. SL Green Realty had a return on equity of 5.05% and a net margin of 26.46%. The company’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.49 earnings per share. As a group, sell-side analysts predict that SL Green Realty Corp will post 6.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Wednesday, January 2nd will be issued a dividend of $0.85 per share. This is a boost from SL Green Realty’s previous quarterly dividend of $0.81. This represents a $3.40 annualized dividend and a yield of 3.97%. The ex-dividend date of this dividend is Monday, December 31st. SL Green Realty’s dividend payout ratio is currently 50.39%.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank increased their target price on shares of SL Green Realty from $111.00 to $114.00 and gave the stock a “hold” rating in a research note on Wednesday, August 29th. ValuEngine downgraded shares of SL Green Realty from a “hold” rating to a “sell” rating in a research note on Monday, September 24th. JPMorgan Chase & Co. downgraded shares of SL Green Realty from an “overweight” rating to a “neutral” rating in a research note on Friday, October 5th. SunTrust Banks reiterated a “hold” rating and set a $107.00 target price on shares of SL Green Realty in a research note on Tuesday, December 4th. Finally, TheStreet downgraded shares of SL Green Realty from a “b-” rating to a “c+” rating in a research note on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $108.64.

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SL Green Realty 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 September 30, 2018, SL Green held interests in 106 Manhattan buildings totaling 46.4 million square feet.

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

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