Sarasin Partners Llp buys $6,499,735 stake in SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) : Sarasin Partners Llp scooped up 3,514 additional shares in SL Green Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 61,861 shares of SL Green Realty Corp which is valued at $6,499,735.SL Green Realty Corp makes up approximately 0.10% of Sarasin Partners Llp’s portfolio.

Other Hedge Funds, Including , National Pension Service boosted its stake in SLG in the latest quarter, The investment management firm added 7,647 additional shares and now holds a total of 89,722 shares of SL Green Realty Corp which is valued at $9,427,091. SL Green Realty Corp makes up approx 0.08% of National Pension Service’s portfolio.British Columbia Investment Management Corp boosted its stake in SLG in the latest quarter, The investment management firm added 10,766 additional shares and now holds a total of 56,909 shares of SL Green Realty Corp which is valued at $5,953,820. SL Green Realty Corp makes up approx 0.06% of British Columbia Investment Management Corp’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in SLG by selling 331 shares or 1.28% in the most recent quarter. The Hedge Fund company now holds 25,615 shares of SLG which is valued at $2,683,171. SL Green Realty Corp makes up approx 0.06% of Exxonmobil Investment Management Inc Tx’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in SLG by selling 9,202 shares or 42.61% in the most recent quarter. The Hedge Fund company now holds 12,396 shares of SLG which is valued at $1,283,978. SL Green Realty Corp makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.

SL Green Realty Corp closed down -0.52 points or -0.49% at $105.07 with 7,69,241 shares getting traded on Friday. Post opening the session at $106.14, the shares hit an intraday low of $104.98 and an intraday high of $106.5599 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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. Company shares were Reiterated by Stifel on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $121 .SL Green Realty Corp was Upgraded by Morgan Stanley to ” Overweight” on Jul 25, 2016.

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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