Cigna Investments Inc. New Sells 282 Shares of SL Green Realty Corp (NYSE:SLG)

Cigna Investments Inc. New decreased its holdings in shares of SL Green Realty Corp (NYSE:SLG) by 11.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,188 shares of the real estate investment trust’s stock after selling 282 shares during the quarter. Cigna Investments Inc. New’s holdings in SL Green Realty were worth $202,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Institute for Wealth Management LLC. acquired a new position in SL Green Realty during the fourth quarter worth about $26,000. Quadrant Capital Group LLC acquired a new position in SL Green Realty during the fourth quarter worth about $65,000. Marshall Wace North America L.P. acquired a new position in SL Green Realty during the first quarter worth about $72,000. Ninepoint Partners LP acquired a new position in SL Green Realty during the fourth quarter worth about $183,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in SL Green Realty during the third quarter worth about $177,000. 98.89% of the stock is owned by hedge funds and other institutional investors.

SL Green Realty stock opened at $95.04 on Friday. The business has a 50 day moving average of $92.21 and a 200-day moving average of $85.06. SL Green Realty Corp has a 1 year low of $75.46 and a 1 year high of $96.39. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.62 and a quick ratio of 1.65. The company has a market capitalization of $7.53 billion, a P/E ratio of 30.86, a P/E/G ratio of 3.11 and a beta of 1.15.

Several research analysts have commented on the company. Goldman Sachs Group assumed coverage on SL Green Realty in a research note on Friday, November 8th. They set a “buy” rating and a $96.00 target price for the company. ValuEngine raised SL Green Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays upped their price objective on SL Green Realty from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. SunTrust Banks upped their price objective on SL Green Realty from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup upped their price objective on SL Green Realty from $97.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $94.53.

SL Green Realty Company 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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