Thrivent Financial For Lutherans lifted its stake in SL Green Realty Corp (NYSE:SLG) by 3.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 51,692 shares of the real estate investment trust’s stock after purchasing an additional 1,957 shares during the quarter. Thrivent Financial For Lutherans owned 0.06% of SL Green Realty worth $5,217,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors also recently added to or reduced their stakes in the stock. MANA Advisors LLC acquired a new position in shares of SL Green Realty in the 4th quarter valued at $717,000. Amundi Pioneer Asset Management Inc. boosted its position in shares of SL Green Realty by 49.1% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 391,578 shares of the real estate investment trust’s stock valued at $39,522,000 after purchasing an additional 129,017 shares during the period. Alliancebernstein L.P. boosted its position in shares of SL Green Realty by 71.1% in the 4th quarter. Alliancebernstein L.P. now owns 402,328 shares of the real estate investment trust’s stock valued at $40,607,000 after purchasing an additional 167,207 shares during the period. Geode Capital Management LLC boosted its position in shares of SL Green Realty by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 1,230,715 shares of the real estate investment trust’s stock valued at $123,992,000 after purchasing an additional 45,716 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of SL Green Realty by 2.8% in the 4th quarter. Allianz Asset Management GmbH now owns 123,575 shares of the real estate investment trust’s stock valued at $12,472,000 after purchasing an additional 3,389 shares during the period.
A number of research firms recently weighed in on SLG. SunTrust Banks lowered SL Green Realty from a “buy” rating to a “hold” rating and set a $108.00 price target for the company. in a research report on Friday, March 9th. Evercore ISI lowered SL Green Realty from an “in-line” rating to an “underperform” rating in a research report on Monday, March 5th. BMO Capital Markets restated a “buy” rating and set a $115.00 price objective on shares of SL Green Realty in a research report on Tuesday, February 27th. Jefferies Group began coverage on SL Green Realty in a research report on Monday, February 26th. They set a “buy” rating for the company. Finally, ValuEngine lowered SL Green Realty from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and nine have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $114.25.
Shares of SL Green Realty Corp (NYSE SLG) opened at $98.38 on Friday. The stock has a market capitalization of $8,916.19, a PE ratio of 15.33, a PEG ratio of 2.44 and a beta of 1.11. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.11 and a current ratio of 0.11. SL Green Realty Corp has a 1-year low of $89.46 and a 1-year high of $110.08.
SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, January 24th. The real estate investment trust reported $1.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.60. The business had revenue of $361.30 million during the quarter, compared to analyst estimates of $320.48 million. SL Green Realty had a return on equity of 1.38% and a net margin of 6.71%. The firm’s revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.43 EPS. sell-side analysts anticipate that SL Green Realty Corp will post 6.75 earnings per share for the current year.
SL Green Realty announced that its Board of Directors has initiated a stock buyback plan on Friday, December 1st that permits the company to buyback $500.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board of directors believes its shares are undervalued.
In other news, Director Craig M. Hatkoff sold 3,400 shares of SL Green Realty stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total transaction of $318,682.00. Following the completion of the sale, the director now directly owns 1,365 shares in the company, valued at approximately $127,941.45. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Marc Holliday purchased 7,880 shares of SL Green Realty stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $25.20 per share, with a total value of $198,576.00. Following the completion of the acquisition, the chief executive officer now owns 88,900 shares in the company, valued at $2,240,280. The disclosure for this purchase can be found here. 3.09% of the stock is owned by insiders.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this report on another website, it was illegally copied and reposted in violation of United States & international copyright and trademark law. The legal version of this report can be read at https://ledgergazette.com/2018/03/16/sl-green-realty-corp-slg-position-boosted-by-thrivent-financial-for-lutherans.html.
SL Green Realty 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.
Want to see what other hedge funds are holding SLG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SL Green Realty Corp (NYSE:SLG).
Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.