Systematic Financial Management Lp buys $114.5 Million stake in SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) : Systematic Financial Management Lp scooped up 47,792 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 May 11, 2016. The investment management firm now holds a total of 1,122,623 shares of SL Green Realty Corp which is valued at $114.5 Million.SL Green Realty Corp makes up approximately 1.45% of Systematic Financial Management Lp’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in SLG by selling 3,948 shares or 4.29% in the most recent quarter. The Hedge Fund company now holds 88,139 shares of SLG which is valued at $9 Million. SL Green Realty Corp makes up approx 0.08% of Cornerstone Capital Management Holdings.’s portfolio. Cls Investments sold out all of its stake in SLG during the most recent quarter. The investment firm sold 6 shares of SLG which is valued $612.Teachers Advisors Inc reduced its stake in SLG by selling 14,628 shares or 2.27% in the most recent quarter. The Hedge Fund company now holds 630,991 shares of SLG which is valued at $66.2 Million. SL Green Realty Corp makes up approx 0.12% of Teachers Advisors Inc’s portfolio.Neuberger Berman Group reduced its stake in SLG by selling 230,830 shares or 97.01% in the most recent quarter. The Hedge Fund company now holds 7,103 shares of SLG which is valued at $745,176.Amica Pension Fund Board Of Trustees reduced its stake in SLG by selling 2,000 shares or 29.41% in the most recent quarter. The Hedge Fund company now holds 4,800 shares of SLG which is valued at $503,568. SL Green Realty Corp makes up approx 0.07% of Amica Pension Fund Board Of Trustees’s portfolio.

SL Green Realty Corp opened for trading at $102.04 and hit $103.61 on the upside on Monday, eventually ending the session at $102.73, with a gain of 0.73% or 0.74 points. The heightened volatility saw the trading volume jump to 5,05,212 shares. Company has a market cap of $10,297 M.

On the company’s financial health, SL Green Realty Corp reported $1.85 EPS for the quarter, beating the analyst consensus estimate by $ 0.19 according to the earnings call on Apr 20, 2016. Analyst had a consensus of $1.66. The company had revenue of $455.44 million for the quarter, compared to analysts expectations of $371.62 million. The company’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.51 EPS.

Many Wall Street Analysts have commented on SL Green Realty Corp. SL Green Realty Corp was Upgraded by Credit Suisse to ” Neutral” on Apr 12, 2016. SL Green Realty Corp was Upgraded by Goldman to ” Neutral” on Feb 19, 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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