SL Green Realty Corp (NYSE:SLG) Shares Sold by Swiss National Bank

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Swiss National Bank decreased its holdings in SL Green Realty Corp (NYSE:SLG) by 4.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 273,400 shares of the real estate investment trust’s stock after selling 11,800 shares during the quarter. Swiss National Bank owned approximately 0.32% of SL Green Realty worth $21,973,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in SLG. Marshall Wace North America L.P. acquired a new position in shares of SL Green Realty in the first quarter worth about $72,000. KCS Wealth Advisory bought a new position in shares of SL Green Realty during the first quarter valued at approximately $200,000. Quantum Capital Management bought a new position in shares of SL Green Realty during the first quarter valued at approximately $201,000. Candriam Luxembourg S.C.A. grew its holdings in shares of SL Green Realty by 20.7% during the second quarter. Candriam Luxembourg S.C.A. now owns 3,696 shares of the real estate investment trust’s stock valued at $296,000 after purchasing an additional 635 shares during the last quarter. Finally, Atlas Capital Advisors LLC bought a new position in shares of SL Green Realty during the second quarter valued at approximately $358,000. Institutional investors and hedge funds own 97.49% of the company’s stock.

Several equities analysts have recently commented on SLG shares. Robert W. Baird set a $92.00 target price on SL Green Realty and gave the company a “hold” rating in a report on Wednesday. ValuEngine lowered SL Green Realty from a “hold” rating to a “sell” rating in a report on Tuesday, June 18th. Scotiabank lowered SL Green Realty from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $96.00 to $84.00 in a report on Friday, August 16th. Finally, Morgan Stanley set a $85.00 price objective on SL Green Realty and gave the stock a “sell” rating in a report on Monday, June 17th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company. SL Green Realty presently has a consensus rating of “Hold” and an average target price of $93.81.

Shares of SLG stock opened at $78.27 on Friday. SL Green Realty Corp has a 12-month low of $75.46 and a 12-month high of $105.00. The firm has a market capitalization of $6.42 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 3.27 and a beta of 1.10. The business has a 50 day simple moving average of $80.12 and a 200 day simple moving average of $86.39. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.91 and a quick ratio of 1.91.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings data on Wednesday, July 17th. The real estate investment trust reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.21. The business had revenue of $244.96 million during the quarter, compared to analyst estimates of $241.61 million. SL Green Realty had a return on equity of 3.99% and a net margin of 19.88%. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.69 EPS. On average, equities analysts anticipate that SL Green Realty Corp will post 6.92 EPS for the current fiscal year.

In other SL Green Realty news, Director Edwin T. Burton III sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was sold at an average price of $81.00, for a total value of $567,000.00. Following the completion of the sale, the director now directly owns 292 shares in the company, valued at $23,652. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.99% of the company’s stock.

SL Green Realty 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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