Retirement Systems of Alabama cut its holdings in shares of SL Green Realty Corp (NYSE:SLG) by 3.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,921 shares of the real estate investment trust’s stock after selling 1,603 shares during the period. Retirement Systems of Alabama’s holdings in SL Green Realty were worth $3,893,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Piedmont Investment Advisors LLC purchased a new position in shares of SL Green Realty during the second quarter valued at approximately $104,000. Mount Yale Investment Advisors LLC purchased a new position in shares of SL Green Realty during the second quarter valued at approximately $143,000. Lenox Wealth Advisors LLC purchased a new position in shares of SL Green Realty during the second quarter valued at approximately $166,000. Fulton Bank N.A. purchased a new position in shares of SL Green Realty during the second quarter valued at approximately $204,000. Finally, ING Groep NV purchased a new position in shares of SL Green Realty during the second quarter valued at approximately $218,000.
In other news, CFO Matthew J. Diliberto sold 3,967 shares of the stock in a transaction on Friday, October 26th. The stock was sold at an average price of $92.07, for a total value of $365,241.69. Following the sale, the chief financial officer now directly owns 36,234 shares of the company’s stock, valued at $3,336,064.38. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Diliberto sold 35,000 shares of the stock in a transaction on Monday, October 29th. The stock was sold at an average price of $92.27, for a total value of $3,229,450.00. Following the completion of the sale, the chief financial officer now directly owns 36,234 shares in the company, valued at $3,343,311.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 39,967 shares of company stock worth $3,698,272. Insiders own 3.65% of the company’s stock.
Shares of SLG stock opened at $95.38 on Thursday. The firm has a market capitalization of $8.05 billion, a P/E ratio of 14.79, a PEG ratio of 3.12 and a beta of 1.05. SL Green Realty Corp has a twelve month low of $89.46 and a twelve month high of $106.54. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 1.93.
SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.69 by ($0.66). The firm had revenue of $250.87 million during the quarter, compared to analysts’ expectations of $242.18 million. SL Green Realty had a return on equity of 5.05% and a net margin of 26.46%. SL Green Realty’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.49 earnings per share. As a group, equities analysts anticipate that SL Green Realty Corp will post 6.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.8125 dividend. The ex-dividend date was Thursday, September 27th. This represents a $3.25 dividend on an annualized basis and a dividend yield of 3.41%. SL Green Realty’s dividend payout ratio is currently 50.39%.
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About SL Green Realty
SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of September 30, 2018, SL Green held interests in 106 Manhattan buildings totaling 46.4 million square feet.
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