SL Green Realty Corp (SLG) Position Lifted by Presima Inc.

Presima Inc. increased its holdings in shares of SL Green Realty Corp (NYSE:SLG) by 14.0% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 149,300 shares of the real estate investment trust’s stock after purchasing an additional 18,300 shares during the period. SL Green Realty accounts for approximately 1.8% of Presima Inc.’s holdings, making the stock its 16th largest position. Presima Inc. owned about 0.18% of SL Green Realty worth $13,425,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of SLG. JPMorgan Chase & Co. lifted its position in SL Green Realty by 300.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 681,159 shares of the real estate investment trust’s stock worth $66,434,000 after acquiring an additional 510,858 shares in the last quarter. Standard Life Aberdeen plc lifted its position in SL Green Realty by 0.3% during the 3rd quarter. Standard Life Aberdeen plc now owns 562,995 shares of the real estate investment trust’s stock worth $54,909,000 after acquiring an additional 1,490 shares in the last quarter. United Services Automobile Association lifted its position in SL Green Realty by 8.4% during the 3rd quarter. United Services Automobile Association now owns 36,442 shares of the real estate investment trust’s stock worth $3,554,000 after acquiring an additional 2,832 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in SL Green Realty during the 3rd quarter worth approximately $351,000. Finally, Renaissance Technologies LLC lifted its position in SL Green Realty by 410.1% during the 3rd quarter. Renaissance Technologies LLC now owns 178,240 shares of the real estate investment trust’s stock worth $17,384,000 after acquiring an additional 143,300 shares in the last quarter. Institutional investors own 99.16% of the company’s stock.

Shares of NYSE SLG opened at $84.10 on Friday. SL Green Realty Corp has a twelve month low of $76.77 and a twelve month high of $106.54. The company has a quick ratio of 2.05, a current ratio of 2.65 and a debt-to-equity ratio of 0.99. The company has a market capitalization of $7.20 billion, a PE ratio of 12.70, a PEG ratio of 3.39 and a beta of 1.28.

SL Green Realty (NYSE:SLG) last released its quarterly earnings data on Wednesday, April 17th. The real estate investment trust reported $1.68 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.72 by ($0.04). SL Green Realty had a net margin of 15.39% and a return on equity of 3.01%. The company had revenue of $304.30 million for the quarter, compared to analyst estimates of $244.08 million. During the same quarter in the prior year, the firm earned $1.66 EPS. The company’s revenue for the quarter was up .9% compared to the same quarter last year. On average, equities analysts forecast that SL Green Realty Corp will post 6.9 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors 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 4.04%. SL Green Realty’s dividend payout ratio is currently 51.36%.

In related news, CFO Matthew J. Diliberto sold 2,084 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $91.66, for a total transaction of $191,019.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Betsy S. Atkins sold 6,470 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The shares were sold at an average price of $86.08, for a total value of $556,937.60. Following the transaction, the director now owns 3,214 shares of the company’s stock, valued at approximately $276,661.12. The disclosure for this sale can be found here. Insiders own 3.99% of the company’s stock.

Several equities research analysts have issued reports on SLG shares. BMO Capital Markets restated a “buy” rating and set a $100.00 price objective on shares of SL Green Realty in a report on Thursday, April 18th. SunTrust Banks upgraded SL Green Realty from a “hold” rating to a “buy” rating and set a $86.79 price objective on the stock in a report on Tuesday, January 15th. Deutsche Bank restated a “buy” rating and set a $110.00 price objective (down from $115.00) on shares of SL Green Realty in a report on Wednesday, April 10th. ValuEngine upgraded SL Green Realty from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. Finally, Wells Fargo & Co set a $94.00 price target on SL Green Realty and gave the company a “market perform” rating in a report on Wednesday, January 16th. Four investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $97.43.

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About SL Green Realty

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, 2019, SL Green held interests in 96 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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