SL Green Realty Corporation $SLG Shares Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd increased its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 282.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,986 shares of the real estate investment trust’s stock after acquiring an additional 39,135 shares during the quarter. Y Intercept Hong Kong Ltd owned about 0.07% of SL Green Realty worth $3,169,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of SLG. Wealth Enhancement Advisory Services LLC bought a new position in SL Green Realty in the 2nd quarter valued at about $225,000. American Century Companies Inc. acquired a new stake in shares of SL Green Realty in the 2nd quarter worth approximately $12,841,000. Greenland Capital Management LP bought a new position in shares of SL Green Realty in the second quarter valued at approximately $4,176,000. Prudential Financial Inc. boosted its holdings in shares of SL Green Realty by 104.1% in the second quarter. Prudential Financial Inc. now owns 1,622,594 shares of the real estate investment trust’s stock valued at $100,439,000 after acquiring an additional 827,407 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of SL Green Realty by 91.1% during the second quarter. Daiwa Securities Group Inc. now owns 188,458 shares of the real estate investment trust’s stock valued at $11,666,000 after acquiring an additional 89,825 shares during the period. Institutional investors and hedge funds own 89.96% of the company’s stock.

SL Green Realty Stock Down 2.6%

Shares of SL Green Realty stock opened at $44.69 on Tuesday. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 4,492.69 and a beta of 1.60. The stock has a 50-day simple moving average of $46.00 and a 200-day simple moving average of $52.97. SL Green Realty Corporation has a 52-week low of $40.26 and a 52-week high of $68.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.22 and a quick ratio of 3.22.

SL Green Realty Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.2575 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, November 28th. SL Green Realty’s payout ratio is presently 30,900.00%.

Insider Buying and Selling

In other SL Green Realty news, insider Andrew S. Levine sold 1,493 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $45.27, for a total value of $67,588.11. Following the completion of the transaction, the insider directly owned 7,045 shares of the company’s stock, valued at approximately $318,927.15. The trade was a 17.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Marc Holliday sold 22,223 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $44.40, for a total transaction of $986,701.20. Following the sale, the chief executive officer directly owned 9,698 shares in the company, valued at $430,591.20. This trade represents a 69.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.04% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Zacks Research lowered SL Green Realty from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 13th. Deutsche Bank Aktiengesellschaft set a $45.00 price objective on SL Green Realty in a report on Tuesday, January 6th. Barclays set a $54.00 target price on SL Green Realty in a report on Tuesday, January 13th. LADENBURG THALM/SH SH cut their price target on shares of SL Green Realty from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Finally, Evercore ISI set a $54.00 price objective on shares of SL Green Realty and gave the stock an “outperform” rating in a research note on Monday, December 8th. Six equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.94.

SL Green Realty Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.