SL Green Realty Corp (SLG) Shares Bought by NN Investment Partners Holdings N.V.

NN Investment Partners Holdings N.V. increased its position in SL Green Realty Corp (NYSE:SLG) by 136.7% in the third quarter, Holdings Channel reports. The fund owned 7,772 shares of the real estate investment trust’s stock after buying an additional 4,488 shares during the period. NN Investment Partners Holdings N.V.’s holdings in SL Green Realty were worth $758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of SLG. Boston Partners grew its position in SL Green Realty by 129.5% during the 2nd quarter. Boston Partners now owns 5,359,391 shares of the real estate investment trust’s stock worth $538,780,000 after purchasing an additional 3,024,243 shares during the period. Schwab Charles Investment Management Inc. grew its position in SL Green Realty by 8.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 962,323 shares of the real estate investment trust’s stock worth $96,743,000 after purchasing an additional 73,930 shares during the period. Russell Investments Group Ltd. grew its position in SL Green Realty by 10.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 780,199 shares of the real estate investment trust’s stock worth $78,519,000 after purchasing an additional 72,459 shares during the period. Bank of America Corp DE grew its position in SL Green Realty by 231.3% during the 2nd quarter. Bank of America Corp DE now owns 454,967 shares of the real estate investment trust’s stock worth $45,739,000 after purchasing an additional 317,654 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in SL Green Realty by 4.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 356,789 shares of the real estate investment trust’s stock worth $35,868,000 after purchasing an additional 16,808 shares during the period.

In other news, CFO Matthew J. Diliberto sold 3,967 shares of the firm’s 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 sale, the chief financial officer now directly owns 36,234 shares in the company, valued at approximately $3,336,064.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew J. Diliberto sold 35,000 shares of the firm’s stock in a transaction dated Monday, October 29th. The shares were sold at an average price of $92.27, for a total value of $3,229,450.00. Following the sale, the chief financial officer now owns 36,234 shares in the company, valued at $3,343,311.18. The disclosure for this sale can be found here. Insiders have sold a total of 39,967 shares of company stock worth $3,698,272 over the last 90 days. Insiders own 3.65% of the company’s stock.

NYSE:SLG opened at $95.38 on Thursday. SL Green Realty Corp has a 52 week low of $89.46 and a 52 week high of $106.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 1.93. The stock has a market cap of $8.05 billion, a PE ratio of 14.79, a price-to-earnings-growth ratio of 3.12 and a beta of 1.05.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, October 17th. The real estate investment trust reported $1.03 EPS for the quarter, missing the Zacks’ consensus estimate of $1.69 by ($0.66). SL Green Realty had a net margin of 26.46% and a return on equity of 5.05%. The business had revenue of $250.87 million for the quarter, compared to analyst estimates of $242.18 million. During the same quarter last year, the business earned $1.49 earnings per share. SL Green Realty’s revenue was down 21.5% on a year-over-year basis. As a group, analysts expect that SL Green Realty Corp will post 6.73 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were given a dividend of $0.8125 per share. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date was Thursday, September 27th. SL Green Realty’s dividend payout ratio (DPR) is presently 50.39%.

Several brokerages have weighed in on SLG. TheStreet downgraded SL Green Realty from a “b-” rating to a “c+” rating in a research report on Friday, November 2nd. ValuEngine raised SL Green Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, July 31st. BMO Capital Markets reaffirmed a “$100.62” rating and set a $115.00 price target on shares of SL Green Realty in a research report on Wednesday, July 18th. JPMorgan Chase & Co. cut their price target on SL Green Realty from $107.00 to $106.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 24th. Finally, Scotiabank began coverage on SL Green Realty in a research report on Tuesday, October 16th. They set an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $108.36.

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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 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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