Fort Washington Investment Advisors Inc. OH increased its stake in SL Green Realty Corp (NYSE:SLG) by 43.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,300 shares of the real estate investment trust’s stock after purchasing an additional 2,200 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in SL Green Realty were worth $577,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Oakbrook Investments LLC boosted its stake in SL Green Realty by 33.6% in the 3rd quarter. Oakbrook Investments LLC now owns 5,013 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 1,262 shares in the last quarter. Bank of Montreal Can raised its position in SL Green Realty by 48.7% during the 3rd quarter. Bank of Montreal Can now owns 65,378 shares of the real estate investment trust’s stock worth $6,376,000 after buying an additional 21,414 shares during the last quarter. Canada Pension Plan Investment Board raised its position in SL Green Realty by 34.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 174,411 shares of the real estate investment trust’s stock worth $17,010,000 after buying an additional 44,800 shares during the last quarter. Norinchukin Bank The raised its position in SL Green Realty by 9.9% during the 3rd quarter. Norinchukin Bank The now owns 11,766 shares of the real estate investment trust’s stock worth $1,148,000 after buying an additional 1,061 shares during the last quarter. Finally, Nordea Investment Management AB purchased a new position in SL Green Realty during the 3rd quarter worth approximately $511,000.
Shares of SL Green Realty stock opened at $90.97 on Friday. The company has a debt-to-equity ratio of 0.92, a quick ratio of 1.93 and a current ratio of 2.05. The firm has a market cap of $7.79 billion, a P/E ratio of 13.74, a price-to-earnings-growth ratio of 2.91 and a beta of 1.34. SL Green Realty Corp has a 12 month low of $76.77 and a 12 month high of $106.54.
In other SL Green Realty news, CEO Marc Holliday sold 55,000 shares of the firm’s stock in a transaction on Wednesday, December 19th. The shares were sold at an average price of $85.04, for a total value of $4,677,200.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig M. Hatkoff sold 2,500 shares of the firm’s stock in a transaction on Monday, February 4th. The shares were sold at an average price of $92.24, for a total transaction of $230,600.00. Following the completion of the transaction, the director now directly owns 2,352 shares of the company’s stock, valued at $216,948.48. The disclosure for this sale can be found here. Insiders have sold a total of 167,500 shares of company stock worth $14,063,100 in the last three months. Insiders own 3.65% of the company’s stock.
A number of equities analysts have issued reports on the stock. ValuEngine raised shares of SL Green Realty from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Barclays raised shares of SL Green Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $97.00 to $100.00 in a research report on Monday, February 4th. SunTrust Banks restated a “hold” rating and issued a $107.00 price objective on shares of SL Green Realty in a report on Tuesday, December 4th. JPMorgan Chase & Co. lowered shares of SL Green Realty from a “neutral” rating to an “underweight” rating in a research note on Wednesday, December 19th. Finally, KeyCorp set a $100.00 price target on SL Green Realty and gave the company a “buy” rating in a report on Thursday, December 20th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have given a buy rating to the company’s stock. SL Green Realty presently has a consensus rating of “Hold” and a consensus target price of $102.65.
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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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