SL Green Realty Corp (SLG) Stake Increased by Korea Investment CORP

Korea Investment CORP raised its position in shares of SL Green Realty Corp (NYSE:SLG) by 13,531.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,085 shares of the real estate investment trust’s stock after buying an additional 15,967 shares during the period. Korea Investment CORP’s holdings in SL Green Realty Corp were worth $1,715,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Cleararc Capital Inc. increased its stake in SL Green Realty Corp by 0.3% in the fourth quarter. Cleararc Capital Inc. now owns 2,462 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 7 shares during the last quarter. Renaissance Group LLC increased its stake in SL Green Realty Corp by 0.5% in the fourth quarter. Renaissance Group LLC now owns 3,166 shares of the real estate investment trust’s stock worth $341,000 after buying an additional 16 shares during the last quarter. Security Capital Research & Management Inc. increased its stake in SL Green Realty Corp by 0.5% in the third quarter. Security Capital Research & Management Inc. now owns 10,590 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 52 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in SL Green Realty Corp by 1.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 5,808 shares of the real estate investment trust’s stock worth $625,000 after buying an additional 78 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC increased its stake in SL Green Realty Corp by 3.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 2,926 shares of the real estate investment trust’s stock worth $312,000 after buying an additional 84 shares during the last quarter.

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

SL Green Realty Corp (NYSE:SLG) traded up 0.50% during midday trading on Friday, hitting $102.37. 158,664 shares of the company were exchanged. The stock has a 50 day moving average of $106.02 and a 200 day moving average of $107.10. SL Green Realty Corp has a 1-year low of $93.90 and a 1-year high of $120.63. The firm has a market capitalization of $10.42 billion, a PE ratio of 46.26 and a beta of 1.18.

SL Green Realty Corp (NYSE:SLG) last released its quarterly earnings results on Wednesday, April 19th. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $1.57. SL Green Realty Corp had a net margin of 13.41% and a return on equity of 3.14%. The company had revenue of $377.40 million for the quarter, compared to the consensus estimate of $315.90 million. During the same quarter in the prior year, the firm earned $1.85 earnings per share. SL Green Realty Corp’s revenue was down 17.1% on a year-over-year basis. On average, equities analysts predict that SL Green Realty Corp will post $1.55 earnings per share for the current fiscal year.

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Several research analysts have commented on SLG shares. Zacks Investment Research upgraded shares of SL Green Realty Corp from a “hold” rating to a “buy” rating and set a $123.00 price objective for the company in a research report on Monday, January 30th. TheStreet downgraded shares of SL Green Realty Corp from a “b-” rating to a “c” rating in a research report on Wednesday, April 19th. Barclays PLC boosted their price objective on shares of SL Green Realty Corp from $110.00 to $111.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 19th. Jefferies Group LLC upped their price target on shares of SL Green Realty Corp from $113.00 to $114.00 and gave the stock a “hold” rating in a report on Thursday, February 16th. Finally, Evercore ISI upgraded shares of SL Green Realty Corp from a “hold” rating to an “outperform” rating in a report on Friday, March 3rd. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $118.73.

In related news, Director John S. Levy sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $107.25, for a total value of $643,500.00. Following the transaction, the director now owns 21,827 shares of the company’s stock, valued at approximately $2,340,945.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Stephen L. Green sold 95,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The stock was sold at an average price of $111.16, for a total transaction of $10,560,200.00. Following the completion of the transaction, the chairman now directly owns 95,000 shares in the company, valued at approximately $10,560,200. The disclosure for this sale can be found here. Corporate insiders own 3.09% of the company’s stock.

SL Green Realty Corp Company 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.

5 Day Chart for NYSE:SLG

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