Laurion Capital Management LP lifted its holdings in SL Green Realty Corp (NYSE:SLG) by 408.3% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,336 shares of the real estate investment trust’s stock after buying an additional 38,024 shares during the period. Laurion Capital Management LP owned approximately 0.06% of SL Green Realty worth $4,617,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in SLG. IFM Investors Pty Ltd lifted its stake in SL Green Realty by 18.1% in the third quarter. IFM Investors Pty Ltd now owns 3,588 shares of the real estate investment trust’s stock valued at $350,000 after purchasing an additional 551 shares during the last quarter. Fulton Bank N.A. lifted its stake in SL Green Realty by 27.4% in the third quarter. Fulton Bank N.A. now owns 2,591 shares of the real estate investment trust’s stock valued at $253,000 after purchasing an additional 557 shares during the last quarter. Global X Management Co LLC lifted its stake in SL Green Realty by 23.9% in the second quarter. Global X Management Co LLC now owns 3,273 shares of the real estate investment trust’s stock valued at $329,000 after purchasing an additional 632 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in SL Green Realty by 1.3% in the third quarter. State of Alaska Department of Revenue now owns 51,296 shares of the real estate investment trust’s stock valued at $5,000,000 after purchasing an additional 647 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its stake in SL Green Realty by 5.8% in the second quarter. Oppenheimer & Co. Inc. now owns 14,575 shares of the real estate investment trust’s stock valued at $1,465,000 after purchasing an additional 800 shares during the last quarter.
Several equities analysts recently commented on SLG shares. TheStreet upgraded SL Green Realty from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. Deutsche Bank boosted their target price on shares of SL Green Realty from $111.00 to $114.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. ValuEngine cut shares of SL Green Realty from a “hold” rating to a “sell” rating in a report on Monday, September 24th. JPMorgan Chase & Co. cut shares of SL Green Realty from an “overweight” rating to a “neutral” rating in a report on Friday, October 5th. Finally, Scotiabank initiated coverage on shares of SL Green Realty in a report on Tuesday, October 16th. They set an “outperform” rating on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. SL Green Realty currently has an average rating of “Hold” and an average price target of $108.27.
In other news, CFO Matthew J. Diliberto sold 35,000 shares of the company’s stock in a transaction on Monday, October 29th. The shares were sold at an average price of $92.27, for a total value of $3,229,450.00. Following the transaction, the chief financial officer now owns 36,234 shares of the company’s stock, valued at $3,343,311.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Matthew J. Diliberto sold 3,967 shares of the company’s stock in a transaction on Friday, October 26th. The stock was sold at an average price of $92.07, for a total transaction of $365,241.69. Following the completion of the transaction, the chief financial officer now directly owns 36,234 shares in the company, valued at approximately $3,336,064.38. The disclosure for this sale can be found here. Corporate insiders own 3.65% of the company’s stock.
Shares of SLG stock opened at $93.23 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.93 and a debt-to-equity ratio of 0.86. SL Green Realty Corp has a 1 year low of $89.46 and a 1 year high of $106.54. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 3.22 and a beta of 1.09.
SL Green Realty (NYSE:SLG) last issued its earnings results on Wednesday, October 17th. The real estate investment trust reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.66). SL Green Realty had a net margin of 26.46% and a return on equity of 5.05%. The business had revenue of $250.87 million for the quarter, compared to the consensus estimate of $242.18 million. During the same period in the previous year, the firm earned $1.49 EPS. The company’s revenue was down 21.5% compared to the same quarter last year. As a group, sell-side analysts expect that SL Green Realty Corp will post 6.65 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be issued a $0.85 dividend. The ex-dividend date is Monday, December 31st. This represents a $3.40 annualized dividend and a dividend yield of 3.65%. This is a boost from SL Green Realty’s previous quarterly dividend of $0.81. SL Green Realty’s dividend payout ratio is presently 50.39%.
WARNING: This story was originally posted by American Banking News and is the property of of American Banking News. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.americanbankingnews.com/2018/12/08/sl-green-realty-corp-slg-shares-bought-by-laurion-capital-management-lp.html.
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.
Featured Story: How Important is Technical Analysis of Stocks
Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.