Matthew J. Diliberto Sells 35,000 Shares of SL Green Realty Corp (SLG) Stock

SL Green Realty Corp (NYSE:SLG) CFO Matthew J. Diliberto sold 35,000 shares of the business’s 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 owns 36,234 shares in the company, valued at $3,343,311.18. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

SL Green Realty stock opened at $91.26 on Thursday. The company has a market capitalization of $7.89 billion, a PE ratio of 14.15, a P/E/G ratio of 3.05 and a beta of 1.09. SL Green Realty Corp has a 1 year low of $89.46 and a 1 year high of $106.54. The company has a current ratio of 1.93, a quick ratio of 2.73 and a debt-to-equity ratio of 0.83.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.66). SL Green Realty had a net margin of 26.46% and a return on equity of 5.01%. The company had revenue of $250.87 million during the quarter, compared to analysts’ expectations of $242.18 million. During the same period last year, the firm posted $1.49 earnings per share. SL Green Realty’s revenue was down 21.5% on a year-over-year basis. On average, research analysts forecast that SL Green Realty Corp will post 6.74 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a dividend of $0.8125 per share. This represents a $3.25 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend was Thursday, September 27th. SL Green Realty’s payout ratio is currently 50.39%.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Twin Capital Management Inc. increased its stake in SL Green Realty by 40.4% during the 2nd quarter. Twin Capital Management Inc. now owns 23,664 shares of the real estate investment trust’s stock worth $2,379,000 after buying an additional 6,814 shares during the period. Paloma Partners Management Co purchased a new stake in SL Green Realty during the 2nd quarter worth approximately $3,986,000. Allianz Asset Management GmbH increased its stake in SL Green Realty by 83.7% during the 1st quarter. Allianz Asset Management GmbH now owns 226,946 shares of the real estate investment trust’s stock worth $21,975,000 after buying an additional 103,371 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in SL Green Realty during the 2nd quarter worth approximately $931,000. Finally, State Board of Administration of Florida Retirement System increased its stake in SL Green Realty by 3.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 136,483 shares of the real estate investment trust’s stock worth $13,721,000 after buying an additional 4,134 shares during the period.

SLG has been the topic of several recent analyst reports. ValuEngine upgraded shares of SL Green Realty from a “sell” rating to a “hold” rating in a report on Wednesday, July 11th. BMO Capital Markets reissued a “$100.62” rating and issued a $115.00 price target on shares of SL Green Realty in a research note on Wednesday, July 18th. Citigroup reduced their price target on shares of SL Green Realty from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. TheStreet raised shares of SL Green Realty from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. Finally, Deutsche Bank boosted their price target on shares of SL Green Realty from $111.00 to $114.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $108.08.

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

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Insider Buying and Selling by Quarter for SL Green Realty (NYSE:SLG)

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