APG Asset Management N.V. cut its stake in shares of SL Green Realty Corp (NYSE:SLG) by 79.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,200 shares of the real estate investment trust’s stock after selling 23,709 shares during the quarter. APG Asset Management N.V.’s holdings in SL Green Realty were worth $272,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new stake in shares of SL Green Realty during the first quarter valued at $72,000. Rosenberg Matthew Hamilton acquired a new stake in SL Green Realty during the 2nd quarter worth about $48,000. FIL Ltd purchased a new stake in SL Green Realty during the second quarter valued at about $99,000. CSat Investment Advisory L.P. boosted its holdings in shares of SL Green Realty by 210.7% in the second quarter. CSat Investment Advisory L.P. now owns 2,156 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 1,462 shares during the period. Finally, Psagot Investment House Ltd. acquired a new stake in shares of SL Green Realty during the second quarter valued at approximately $141,000. Institutional investors and hedge funds own 99.51% of the company’s stock.
SL Green Realty stock opened at $49.90 on Wednesday. SL Green Realty Corp has a one year low of $35.16 and a one year high of $96.39. The company’s fifty day moving average price is $47.69 and its two-hundred day moving average price is $50.72. The company has a market capitalization of $3.66 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.85 and a beta of 1.53. The company has a debt-to-equity ratio of 1.17, a current ratio of 6.70 and a quick ratio of 6.70.
SL Green Realty (NYSE:SLG) last issued its quarterly earnings data on Wednesday, July 22nd. The real estate investment trust reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of $1.55 by ($1.63). SL Green Realty had a net margin of 19.90% and a return on equity of 4.21%. The company had revenue of $174.14 million for the quarter, compared to analyst estimates of $184.26 million. As a group, sell-side analysts anticipate that SL Green Realty Corp will post 6.89 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Monday, August 31st were given a dividend of $0.295 per share. The ex-dividend date of this dividend was Friday, August 28th. This represents a $1.18 annualized dividend and a dividend yield of 2.36%. SL Green Realty’s dividend payout ratio is presently 50.57%.
SLG has been the topic of several research analyst reports. Deutsche Bank cut shares of SL Green Realty from a “buy” rating to a “hold” rating and set a $48.00 price objective on the stock. in a research report on Monday, July 20th. SunTrust Banks dropped their price target on SL Green Realty from $80.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, July 27th. ValuEngine lowered SL Green Realty from a “sell” rating to a “strong sell” rating in a research report on Monday, August 3rd. 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. Finally, Morgan Stanley raised their price target on shares of SL Green Realty from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Thursday, June 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. SL Green Realty presently has an average rating of “Hold” and an average price target of $65.83.
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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