SL Green Realty Corp (SLG) Holdings Reduced by Daiwa Securities Group Inc.
Daiwa Securities Group Inc. lessened its position in SL Green Realty Corp (NYSE:SLG) by 68.2% in the 4th quarter, HoldingsChannel reports. The firm owned 922,639 shares of the real estate investment trust’s stock after selling 1,981,223 shares during the period. Daiwa Securities Group Inc.’s holdings in SL Green Realty were worth $93,122,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of SLG. QS Investors LLC increased its stake in SL Green Realty by 42.0% in the second quarter. QS Investors LLC now owns 8,063 shares of the real estate investment trust’s stock valued at $853,000 after purchasing an additional 2,384 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of SL Green Realty by 21.2% in the second quarter. Royal Bank of Canada now owns 62,290 shares of the real estate investment trust’s stock valued at $6,590,000 after buying an additional 10,888 shares during the period. Janus Henderson Group PLC boosted its holdings in shares of SL Green Realty by 42.4% in the second quarter. Janus Henderson Group PLC now owns 20,378 shares of the real estate investment trust’s stock valued at $2,156,000 after buying an additional 6,071 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of SL Green Realty by 4.2% in the second quarter. The Manufacturers Life Insurance Company now owns 109,191 shares of the real estate investment trust’s stock valued at $11,553,000 after buying an additional 4,358 shares during the period. Finally, Nomura Holdings Inc. acquired a new position in shares of SL Green Realty in the second quarter valued at approximately $813,000.
In related news, Director Craig M. Hatkoff sold 3,400 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $93.73, for a total transaction of $318,682.00. Following the completion of the transaction, the director now owns 1,365 shares in the company, valued at $127,941.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Marc Holliday bought 7,880 shares of SL Green Realty stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $25.20 per share, with a total value of $198,576.00. Following the acquisition, the chief executive officer now directly owns 88,900 shares of the company’s stock, valued at approximately $2,240,280. The disclosure for this purchase can be found here. Insiders have sold 169,400 shares of company stock valued at $17,038,862 in the last 90 days. 3.09% of the stock is currently owned by corporate insiders.
SL Green Realty Corp (NYSE SLG) opened at $90.61 on Friday. SL Green Realty Corp has a 1-year low of $90.61 and a 1-year high of $115.34. The company has a market cap of $8,900.00, a price-to-earnings ratio of 106.60, a P/E/G ratio of 2.29 and a beta of 1.12. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.51.
SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, January 24th. The real estate investment trust reported $1.60 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.60. SL Green Realty had a net margin of 6.71% and a return on equity of 1.42%. The business had revenue of $361.30 million during the quarter, compared to analysts’ expectations of $320.48 million. During the same quarter in the prior year, the company posted $1.43 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. analysts forecast that SL Green Realty Corp will post 6.74 EPS for the current fiscal year.
SL Green Realty declared that its Board of Directors has approved a stock buyback program on Friday, December 1st that allows the company to buyback $500.00 million in shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd were issued a dividend of $0.8125 per share. This is a boost from SL Green Realty’s previous quarterly dividend of $0.78. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.25 annualized dividend and a yield of 3.59%. SL Green Realty’s dividend payout ratio is presently 382.35%.
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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.
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