Thrivent Financial for Lutherans Has $4.08 Million Holdings in SL Green Realty Corp (NYSE:SLG)

Thrivent Financial for Lutherans cut its holdings in shares of SL Green Realty Corp (NYSE:SLG) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 51,579 shares of the real estate investment trust’s stock after selling 7,682 shares during the quarter. Thrivent Financial for Lutherans owned 0.06% of SL Green Realty worth $4,079,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. CSat Investment Advisory L.P. lifted its stake in shares of SL Green Realty by 55.1% in the 4th quarter. CSat Investment Advisory L.P. now owns 363 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 129 shares during the period. Mackenzie Financial Corp lifted its stake in shares of SL Green Realty by 6.5% in the fourth quarter. Mackenzie Financial Corp now owns 2,848 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 173 shares during the period. Penserra Capital Management LLC lifted its stake in shares of SL Green Realty by 1.7% in the fourth quarter. Penserra Capital Management LLC now owns 15,026 shares of the real estate investment trust’s stock valued at $1,188,000 after purchasing an additional 249 shares during the period. IFM Investors Pty Ltd lifted its stake in shares of SL Green Realty by 7.1% in the fourth quarter. IFM Investors Pty Ltd now owns 3,844 shares of the real estate investment trust’s stock valued at $304,000 after purchasing an additional 256 shares during the period. Finally, Utah Retirement Systems lifted its stake in shares of SL Green Realty by 1.4% in the fourth quarter. Utah Retirement Systems now owns 22,095 shares of the real estate investment trust’s stock valued at $1,748,000 after purchasing an additional 300 shares during the period. 98.83% of the stock is currently owned by institutional investors.

SL Green Realty stock traded up $0.40 during trading on Friday, reaching $87.05. The company had a trading volume of 773,094 shares, compared to its average volume of 470,524. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 13.15, a PEG ratio of 2.73 and a beta of 1.31. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.05 and a current ratio of 2.65. SL Green Realty Corp has a 12-month low of $76.77 and a 12-month high of $106.54.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, April 17th. The real estate investment trust reported $1.68 earnings per share for the quarter, missing analysts’ consensus estimates of $1.72 by ($0.04). The business had revenue of $304.30 million for the quarter, compared to analyst estimates of $244.08 million. SL Green Realty had a net margin of 15.39% and a return on equity of 3.01%. The company’s quarterly revenue was up .9% on a year-over-year basis. During the same period last year, the firm earned $1.66 earnings per share. Sell-side analysts predict that SL Green Realty Corp will post 6.91 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a dividend of $0.85 per share. The ex-dividend date was Thursday, March 28th. This represents a $3.40 dividend on an annualized basis and a yield of 3.91%. SL Green Realty’s dividend payout ratio (DPR) is 51.36%.

In related news, CFO Matthew J. Diliberto sold 2,084 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $91.66, for a total value of $191,019.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Craig M. Hatkoff sold 2,500 shares of the company’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $92.24, for a total transaction of $230,600.00. Following the completion of the sale, the director now directly owns 2,352 shares in the company, valued at $216,948.48. The disclosure for this sale can be found here. Insiders own 3.65% of the company’s stock.

Several analysts recently commented on the stock. ValuEngine upgraded shares of SL Green Realty from a “sell” rating to a “hold” rating in a research note on Friday, March 22nd. Zacks Investment Research downgraded shares of SL Green Realty from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. Deutsche Bank restated a “buy” rating and set a $110.00 target price (down from $115.00) on shares of SL Green Realty in a report on Wednesday, April 10th. BMO Capital Markets restated a “buy” rating and set a $100.00 target price on shares of SL Green Realty in a report on Thursday. Finally, Barclays upgraded shares of SL Green Realty from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $97.00 to $100.00 in a report on Monday, February 4th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $98.78.

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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 December 31, 2018, SL Green held interests in 101 Manhattan buildings totaling 46.0 million square feet.

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

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