State of Wisconsin Investment Board lessened its stake in SL Green Realty Corporation (NYSE:SLG) by 25.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 92,234 shares of the real estate investment trust’s stock after selling 31,092 shares during the period. State of Wisconsin Investment Board owned about 0.09% of SL Green Realty Corporation worth $9,345,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL bought a new stake in shares of SL Green Realty Corporation in the 1st quarter valued at about $203,000. OppenheimerFunds Inc. lifted its stake in shares of SL Green Realty Corporation by 13.0% in the 1st quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 246 shares during the last quarter. BB&T Securities LLC bought a new stake in shares of SL Green Realty Corporation in the 2nd quarter valued at about $226,000. Parametrica Management Ltd bought a new stake in shares of SL Green Realty Corporation in the 2nd quarter valued at about $244,000. Finally, Paragon Capital Management Ltd bought a new stake in shares of SL Green Realty Corporation in the 2nd quarter valued at about $246,000.
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SL Green Realty Corporation (NYSE SLG) opened at $100.81 on Friday. SL Green Realty Corporation has a 52-week low of $93.92 and a 52-week high of $115.34. The stock has a market capitalization of $9,842.29, a P/E ratio of 15.97, a PEG ratio of 2.59 and a beta of 1.16. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.11 and a quick ratio of 0.11.
SL Green Realty Corporation (NYSE:SLG) last announced its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($1.17). SL Green Realty Corporation had a return on equity of 1.54% and a net margin of 7.70%. The firm had revenue of $319.50 million during the quarter, compared to the consensus estimate of $326.70 million. During the same period in the prior year, the company posted $1.63 EPS. The firm’s revenue was down 4.5% on a year-over-year basis. research analysts expect that SL Green Realty Corporation will post 6.44 earnings per share for the current fiscal year.
A number of research analysts have commented on the company. SunTrust Banks, Inc. set a $115.00 price target on SL Green Realty Corporation and gave the company a “buy” rating in a research report on Saturday, October 21st. Barclays PLC lowered their price target on SL Green Realty Corporation from $111.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 1st. KeyCorp reaffirmed a “buy” rating and set a $130.00 price target on shares of SL Green Realty Corporation in a research report on Tuesday, September 26th. BMO Capital Markets reaffirmed a “buy” rating and set a $125.00 price target on shares of SL Green Realty Corporation in a research report on Wednesday, October 25th. Finally, Citigroup Inc. lowered their price target on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $115.00.
SL Green Realty Corporation Company Profile
SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.
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