Squarepoint Ops LLC Acquires 73,042 Shares of SL Green Realty Corporation $SLG

Squarepoint Ops LLC boosted its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 66.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,962 shares of the real estate investment trust’s stock after buying an additional 73,042 shares during the quarter. Squarepoint Ops LLC’s holdings in SL Green Realty were worth $9,472,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new position in SL Green Realty during the second quarter valued at about $706,881,000. State Street Corp increased its holdings in shares of SL Green Realty by 1.0% during the 2nd quarter. State Street Corp now owns 4,257,874 shares of the real estate investment trust’s stock valued at $264,636,000 after acquiring an additional 41,873 shares during the last quarter. California State Teachers Retirement System increased its holdings in shares of SL Green Realty by 4,932.5% during the 2nd quarter. California State Teachers Retirement System now owns 4,221,844 shares of the real estate investment trust’s stock valued at $218,565,000 after acquiring an additional 4,137,952 shares during the last quarter. Alyeska Investment Group L.P. raised its stake in shares of SL Green Realty by 25.5% in the 4th quarter. Alyeska Investment Group L.P. now owns 3,041,226 shares of the real estate investment trust’s stock valued at $139,501,000 after acquiring an additional 617,488 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of SL Green Realty by 62.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock valued at $133,862,000 after acquiring an additional 1,117,357 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other SL Green Realty news, insider Harrison Sitomer sold 23,113 shares of SL Green Realty stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the sale, the insider owned 109,468 shares in the company, valued at $6,317,398.28. The trade was a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.94% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SL Green Realty in a research report on Tuesday, August 25th. Evercore lowered shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price target on the stock. in a research report on Monday, July 6th. Barclays boosted their price objective on shares of SL Green Realty from $52.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Tuesday. UBS Group set a $60.00 price objective on shares of SL Green Realty in a report on Monday, July 27th. Finally, Mizuho set a $53.00 target price on shares of SL Green Realty in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $57.27.

SL Green Realty Stock Down 1.6%

SLG stock opened at $51.61 on Friday. SL Green Realty Corporation has a twelve month low of $34.77 and a twelve month high of $66.29. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.05. The company has a market cap of $3.67 billion, a PE ratio of -18.90, a price-to-earnings-growth ratio of 2.25 and a beta of 1.60. The business’s 50-day simple moving average is $54.11 and its 200 day simple moving average is $46.81.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.38) EPS for the quarter, beating the consensus estimate of ($0.59) by $0.21. SL Green Realty had a negative return on equity of 4.37% and a negative net margin of 16.92%.The firm had revenue of $264.00 million during the quarter, compared to analysts’ expectations of $179.01 million. During the same quarter in the prior year, the firm posted $1.63 EPS. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. On average, research analysts anticipate that SL Green Realty Corporation will post 5.56 earnings per share for the current year.

SL Green Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s dividend payout ratio is presently -90.48%.

SL Green Realty Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.