SL Green Realty Corporation (SLG) Stake Increased by Cibc World Markets Corp
Cibc World Markets Corp grew its holdings in SL Green Realty Corporation (NYSE:SLG) by 37.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,386 shares of the real estate investment trust’s stock after buying an additional 3,900 shares during the quarter. Cibc World Markets Corp’s holdings in SL Green Realty Corporation were worth $1,522,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of SL Green Realty Corporation in the 1st quarter valued at approximately $203,000. Achmea Investment Management B.V. acquired a new position in SL Green Realty Corporation during the first quarter worth $224,000. OppenheimerFunds Inc. raised its holdings in SL Green Realty Corporation by 13.0% during the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock worth $228,000 after purchasing an additional 246 shares during the last quarter. BB&T Securities LLC acquired a new position in SL Green Realty Corporation during the second quarter worth $226,000. Finally, Global X Management Co. LLC raised its holdings in SL Green Realty Corporation by 35.1% during the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 557 shares during the last quarter.
Several equities analysts recently issued reports on SLG shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $104.00 price objective (down from $106.00) on shares of SL Green Realty Corporation in a report on Friday, September 1st. Citigroup Inc. reduced their price objective on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. BidaskClub cut SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Barclays PLC reduced their price objective on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. Finally, KeyCorp reaffirmed a “buy” rating and set a $130.00 price objective on shares of SL Green Realty Corporation in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $116.15.
Shares of SL Green Realty Corporation (NYSE:SLG) opened at 101.32 on Friday. The stock has a market cap of $10.03 billion, a P/E ratio of 104.13 and a beta of 1.19. The firm’s 50-day moving average price is $98.42 and its 200-day moving average price is $103.54. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $115.34.
SL Green Realty Corporation (NYSE:SLG) last announced its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.54). SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The firm had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. On average, equities research analysts forecast that SL Green Realty Corporation will post $0.88 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.775 per share. The ex-dividend date is Friday, September 29th. This represents a $3.10 annualized dividend and a dividend yield of 3.06%. SL Green Realty Corporation’s dividend payout ratio is 319.59%.
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SL Green Realty Corporation 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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