SL Green Realty Corp (NYSE:SLG) Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. decreased its holdings in SL Green Realty Corp (NYSE:SLG) by 56.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,909 shares of the real estate investment trust’s stock after selling 38,799 shares during the quarter. APG Asset Management N.V.’s holdings in SL Green Realty were worth $1,289,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLG. Migdal Insurance & Financial Holdings Ltd. lifted its holdings in shares of SL Green Realty by 6.9% during the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,484 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 161 shares during the period. Nissay Asset Management Corp Japan ADV increased its position in SL Green Realty by 1.3% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 14,079 shares of the real estate investment trust’s stock worth $1,294,000 after purchasing an additional 180 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in SL Green Realty by 0.3% during the first quarter. Nisa Investment Advisors LLC now owns 73,174 shares of the real estate investment trust’s stock worth $3,154,000 after purchasing an additional 197 shares during the period. American International Group Inc. boosted its holdings in shares of SL Green Realty by 0.8% in the 1st quarter. American International Group Inc. now owns 27,683 shares of the real estate investment trust’s stock valued at $1,193,000 after purchasing an additional 227 shares during the last quarter. Finally, First Republic Investment Management Inc. grew its stake in shares of SL Green Realty by 2.8% during the 4th quarter. First Republic Investment Management Inc. now owns 10,587 shares of the real estate investment trust’s stock valued at $973,000 after buying an additional 287 shares during the period. 98.00% of the stock is owned by institutional investors.

In other SL Green Realty news, Director Stephen L. Green sold 34,422 shares of the stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $57.21, for a total transaction of $1,969,282.62. The transaction was disclosed in a filing with the SEC, which is available at this link. 4.29% of the stock is owned by insiders.

A number of research analysts recently weighed in on SLG shares. BTIG Research reiterated a “market perform” rating and issued a $105.00 target price on shares of SL Green Realty in a report on Sunday, June 21st. BMO Capital Markets boosted their target price on SL Green Realty from $55.00 to $65.00 and gave the stock a “market perform” rating in a report on Tuesday, May 5th. SunTrust Banks cut their price target on shares of SL Green Realty from $81.00 to $80.00 and set a “buy” rating on the stock in a report on Wednesday, April 29th. Citigroup cut shares of SL Green Realty from a “buy” rating to a “neutral” rating in a research report on Sunday, April 19th. Finally, Piper Sandler downgraded shares of SL Green Realty from an “overweight” rating to a “neutral” rating and set a $50.00 target price on the stock. in a research note on Friday, April 24th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $73.80.

SLG stock opened at $49.29 on Wednesday. The company has a current ratio of 3.97, a quick ratio of 3.97 and a debt-to-equity ratio of 1.12. The firm has a 50 day simple moving average of $46.77 and a 200-day simple moving average of $67.23. The company has a market capitalization of $3.58 billion, a P/E ratio of 12.23, a PEG ratio of 2.57 and a beta of 1.61. SL Green Realty Corp has a twelve month low of $35.16 and a twelve month high of $96.39.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.70 by ($1.11). The company had revenue of $314.30 million for the quarter, compared to analyst estimates of $233.95 million. SL Green Realty had a return on equity of 5.89% and a net margin of 27.34%. SL Green Realty’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.68 earnings per share. On average, research analysts predict that SL Green Realty Corp will post 6.79 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.295 dividend. This represents a $3.54 annualized dividend and a yield of 7.18%. The ex-dividend date of this dividend is Monday, June 29th. SL Green Realty’s dividend payout ratio is currently 50.57%.

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 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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