JPMorgan Chase & Co. Has $43.54 Million Stock Holdings in SL Green Realty Corporation $SLG

JPMorgan Chase & Co. increased its position in shares of SL Green Realty Corporation (NYSE:SLG) by 12.7% in the 3rd quarter, Holdings Channel.com reports. The fund owned 727,906 shares of the real estate investment trust’s stock after buying an additional 81,910 shares during the quarter. JPMorgan Chase & Co.’s holdings in SL Green Realty were worth $43,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLG. Y Intercept Hong Kong Ltd grew its stake in shares of SL Green Realty by 282.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 52,986 shares of the real estate investment trust’s stock valued at $3,169,000 after buying an additional 39,135 shares in the last quarter. American Century Companies Inc. bought a new position in SL Green Realty during the second quarter valued at approximately $12,841,000. Picton Mahoney Asset Management lifted its stake in SL Green Realty by 218.2% in the third quarter. Picton Mahoney Asset Management now owns 239,012 shares of the real estate investment trust’s stock valued at $14,296,000 after acquiring an additional 163,903 shares during the last quarter. Prudential Financial Inc. lifted its stake in 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 during the last quarter. Finally, Strs Ohio grew its position in SL Green Realty by 78.6% in the third quarter. Strs Ohio now owns 138,800 shares of the real estate investment trust’s stock worth $8,302,000 after acquiring an additional 61,100 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Insider Transactions at SL Green Realty

In related news, CEO Marc Holliday sold 22,223 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $44.40, for a total transaction of $986,701.20. Following the completion of the sale, the chief executive officer owned 9,698 shares in the company, valued at $430,591.20. This represents a 69.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Andrew S. Levine sold 1,493 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider directly owned 7,045 shares in the company, valued at $318,927.15. This trade represents a 17.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 5.04% of the company’s stock.

SL Green Realty Stock Performance

NYSE:SLG opened at $37.48 on Friday. SL Green Realty Corporation has a 1 year low of $35.03 and a 1 year high of $66.91. The firm’s fifty day simple moving average is $41.62 and its 200 day simple moving average is $48.25. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $2.67 billion, a PE ratio of -23.28 and a beta of 1.66.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, January 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.03. SL Green Realty had a negative net margin of 9.66% and a negative return on equity of 2.44%. The firm had revenue of $159.82 million during the quarter, compared to analyst estimates of $162.73 million. During the same quarter in the previous year, the business earned $1.81 EPS. The business’s revenue was up 14.5% on a year-over-year basis. On average, sell-side analysts anticipate that SL Green Realty Corporation will post 5.43 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of SL Green Realty from a “hold” rating to a “buy” rating and reduced their price objective for the company from $45.00 to $44.00 in a research note on Wednesday. Mizuho set a $38.00 target price on shares of SL Green Realty and gave the stock a “neutral” rating in a research report on Tuesday, February 24th. BMO Capital Markets reduced their price target on SL Green Realty from $63.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, December 8th. UBS Group set a $61.00 price target on SL Green Realty in a research note on Wednesday, January 14th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of SL Green Realty in a report on Wednesday, January 21st. Eight equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $52.80.

SL Green Realty Company 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.