Squarepoint Ops LLC Buys 59,069 Shares of SL Green Realty Corp (NYSE:SLG)

Squarepoint Ops LLC grew its stake in shares of SL Green Realty Corp (NYSE:SLG) by 94.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,601 shares of the real estate investment trust’s stock after acquiring an additional 59,069 shares during the quarter. Squarepoint Ops LLC owned about 0.15% of SL Green Realty worth $9,941,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. increased its holdings in SL Green Realty by 1.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,612 shares of the real estate investment trust’s stock worth $691,000 after buying an additional 145 shares in the last quarter. World Asset Management Inc increased its holdings in SL Green Realty by 2.6% in the 3rd quarter. World Asset Management Inc now owns 6,829 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 170 shares in the last quarter. CSat Investment Advisory L.P. increased its holdings in SL Green Realty by 40.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 594 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 171 shares in the last quarter. Skandinaviska Enskilda Banken AB publ increased its holdings in SL Green Realty by 2.1% in the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 14,454 shares of the real estate investment trust’s stock worth $1,162,000 after buying an additional 300 shares in the last quarter. Finally, Telos Capital Management Inc. increased its holdings in SL Green Realty by 4.7% in the 3rd quarter. Telos Capital Management Inc. now owns 7,447 shares of the real estate investment trust’s stock worth $609,000 after buying an additional 331 shares in the last quarter. Hedge funds and other institutional investors own 97.11% of the company’s stock.

SL Green Realty stock opened at $85.27 on Monday. The business has a 50-day simple moving average of $83.50 and a two-hundred day simple moving average of $82.55. The company has a market cap of $6.84 billion, a P/E ratio of 12.88, a P/E/G ratio of 3.15 and a beta of 1.07. SL Green Realty Corp has a 52-week low of $75.46 and a 52-week high of $97.59. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.99.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($1.33). SL Green Realty had a net margin of 15.37% and a return on equity of 3.18%. The company had revenue of $248.03 million for the quarter, compared to analysts’ expectations of $243.02 million. During the same period in the previous year, the firm earned $1.69 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts anticipate that SL Green Realty Corp will post 6.95 EPS for the current fiscal year.

Several equities research analysts recently commented on SLG shares. Morgan Stanley reduced their price objective on SL Green Realty from $84.50 to $78.00 and set an “underweight” rating for the company in a report on Tuesday, September 10th. Barclays set a $107.00 price objective on SL Green Realty and gave the stock a “buy” rating in a report on Friday, October 11th. Goldman Sachs Group started coverage on SL Green Realty in a report on Friday, November 8th. They issued a “buy” rating and a $96.00 price objective for the company. Robert W. Baird set a $92.00 price objective on SL Green Realty and gave the stock a “hold” rating in a report on Wednesday, August 21st. Finally, Deutsche Bank reduced their price objective on SL Green Realty from $106.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $93.49.

SL Green Realty Profile

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 March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet.

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Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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