South Texas Money Management Ltd buys $32,655,726 stake in SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) : South Texas Money Management Ltd scooped up 22,356 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 Aug 1, 2016. The investment management firm now holds a total of 280,837 shares of SL Green Realty Corp which is valued at $32,655,726.SL Green Realty Corp makes up approximately 1.77% of South Texas Money Management Ltd’s portfolio.

Other Hedge Funds, Including , Zurcher Kantonalbank (zurich Cantonalbank) boosted its stake in SLG in the latest quarter, The investment management firm added 5,279 additional shares and now holds a total of 20,955 shares of SL Green Realty Corp which is valued at $2,436,647. SL Green Realty Corp makes up approx 0.03% of Zurcher Kantonalbank (zurich Cantonalbank)’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.Oakbrook Investments boosted its stake in SLG in the latest quarter, The investment management firm added 750 additional shares and now holds a total of 6,253 shares of SL Green Realty Corp which is valued at $717,969. SL Green Realty Corp makes up approx 0.04% of Oakbrook Investments’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 $116.1 and hit $117.21 on the upside on Thursday, eventually ending the session at $117.01, with a gain of 0.63% or 0.73 points. The heightened volatility saw the trading volume jump to 4,70,528 shares. Company has a market cap of $11,729 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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