Systematic Financial Management Lp Lowers stake in SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) : Systematic Financial Management Lp reduced its stake in SL Green Realty Corp by 12.91% during the most recent quarter end. The investment management company now holds a total of 977,663 shares of SL Green Realty Corp which is valued at $115,061,158 after selling 144,960 shares in SL Green Realty Corp , the firm said in a disclosure report filed with the SEC on Aug 9, 2016.SL Green Realty Corp makes up approximately 1.49% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc reduced its stake in SLG by selling 28 shares or 0.97% in the most recent quarter. The Hedge Fund company now holds 2,848 shares of SLG which is valued at $338,456.Great West Life Assurance Co Can boosted its stake in SLG in the latest quarter, The investment management firm added 71,290 additional shares and now holds a total of 120,114 shares of SL Green Realty Corp which is valued at $13,966,856. SL Green Realty Corp makes up approx 0.04% of Great West Life Assurance Co Can’s portfolio.Amica Retiree Medical Trust boosted its stake in SLG in the latest quarter, The investment management firm added 180 additional shares and now holds a total of 926 shares of SL Green Realty Corp which is valued at $107,675. SL Green Realty Corp makes up approx 0.09% of Amica Retiree Medical Trust’s portfolio.Amica Pension Fund Board Of Trustees boosted its stake in SLG in the latest quarter, The investment management firm added 1,100 additional shares and now holds a total of 5,900 shares of SL Green Realty Corp which is valued at $686,052. SL Green Realty Corp makes up approx 0.09% of Amica Pension Fund Board Of Trustees’s portfolio.

SL Green Realty Corp opened for trading at $118.58 and hit $118.58 on the upside on Wednesday, eventually ending the session at $118.3, with a gain of 0.07% or 0.08 points. The heightened volatility saw the trading volume jump to 7,63,202 shares. Company has a market cap of $11,868 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. 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. 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

SL Green Realty Corp - Is it time to Sell?

Top Brokerage Firms are advising their investors on SL Green Realty Corp. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.