Eii Capital Management Lowers stake in SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) : Eii Capital Management reduced its stake in SL Green Realty Corp by 12.19% during the most recent quarter end. The investment management company now holds a total of 92,900 shares of SL Green Realty Corp which is valued at $10,802,412 after selling 12,900 shares in SL Green Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.SL Green Realty Corp makes up approximately 3.08% of Eii Capital Management’s portfolio.

Other Hedge Funds, Including , Mitsubishi Ufj Kokusai Asset Management Ltd. boosted its stake in SLG in the latest quarter, The investment management firm added 955 additional shares and now holds a total of 31,206 shares of SL Green Realty Corp which is valued at $3,628,634. SL Green Realty Corp makes up approx 0.09% of Mitsubishi Ufj Kokusai Asset Management Ltd.’s portfolio.Aberdeen Asset Management Plcuk reduced its stake in SLG by selling 1,221 shares or 1.53% in the most recent quarter. The Hedge Fund company now holds 78,402 shares of SLG which is valued at $9,116,585. SL Green Realty Corp makes up approx 0.03% of Aberdeen Asset Management Plcuk’s portfolio.Shell Asset Management Co boosted its stake in SLG in the latest quarter, The investment management firm added 1,878 additional shares and now holds a total of 6,976 shares of SL Green Realty Corp which is valued at $808,797. SL Green Realty Corp makes up approx 0.02% of Shell Asset Management Co’s portfolio.Hartford Investment Management Co reduced its stake in SLG by selling 428 shares or 1.77% in the most recent quarter. The Hedge Fund company now holds 23,782 shares of SLG which is valued at $2,730,649. SL Green Realty Corp makes up approx 0.06% of Hartford Investment Management Co’s portfolio.Chevy Chase Trust Holdings boosted its stake in SLG in the latest quarter, The investment management firm added 1,203 additional shares and now holds a total of 85,628 shares of SL Green Realty Corp which is valued at $9,074,855. SL Green Realty Corp makes up approx 0.05% of Chevy Chase Trust Holdings’s portfolio.

SL Green Realty Corp opened for trading at $117.85 and hit $118.355 on the upside on Monday, eventually ending the session at $117.69, with a gain of 0.11% or 0.13 points. The heightened volatility saw the trading volume jump to 6,58,413 shares. Company has a market cap of $11,807 M.

On the company’s financial health, SL Green Realty Corp reported $3.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $3.16. The company had revenue of $465.43 million for the quarter, compared to analysts expectations of $398.23 million. The company’s revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.

Many Wall Street Analysts have commented on SL Green Realty Corp. SL Green Realty Corp was Upgraded by Morgan Stanley to ” Overweight” on Jul 25, 2016. Shares were Downgraded by UBS on Jul 1, 2016 to ” Neutral” and Lowered the Price Target to $ 107 from a previous price target of $115 .

SL Green Realty Corp. is a self-managed real estate investment trust or REIT with in-house capabilities in property management acquisitions and dispositions financing development and redevelopment construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area primarily in midtown Manhattan. The Company also manages an approximately 336201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

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