Artemis Investment Management Llp adds SL Green Realty Corp (SLG) to its portfolio

SL Green Realty Corp (SLG) : Artemis Investment Management Llp added new position in SL Green Realty Corp during the most recent quarter end. The investment management firm now holds 216,229 shares of SL Green Realty Corp which is valued at $25,069,590 , the company said in a statement filed on Jul 26, 2016 with the SEC.SL Green Realty Corp makes up approximately 0.65% of Artemis Investment Management Llp’s portfolio.

Other Hedge Funds, Including , Terra Nova Asset Management sold out all of its stake in SLG during the most recent quarter. The investment firm sold 2,975 shares of SLG which is valued $344,922. Cornerstone Advisors added SLG to its portfolio by purchasing 16 company shares during the most recent quarter which is valued at $1,855.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.Creative Planning reduced its stake in SLG by selling 13 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 419 shares of SLG which is valued at $45,759.

SL Green Realty Corp opened for trading at $116.37 and hit $118.42 on the upside on Friday, eventually ending the session at $117.82, with a gain of 1.31% or 1.52 points. The heightened volatility saw the trading volume jump to 7,00,972 shares. Company has a market cap of $11,810 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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