SL Green Realty Corp (SLG) : Castle Ridge Investment Management Lp scooped up 13,200 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 15, 2016. The investment management firm now holds a total of 44,295 shares of SL Green Realty Corp which is valued at $5,277,749.SL Green Realty Corp makes up approximately 2.96% of Castle Ridge Investment Management Lp’s portfolio.
Other Hedge Funds, Including , Zacks Investment Management boosted its stake in SLG in the latest quarter, The investment management firm added 522 additional shares and now holds a total of 12,194 shares of SL Green Realty Corp which is valued at $1,452,915. SL Green Realty Corp makes up approx 0.04% of Zacks Investment Management’s portfolio. Visium Asset Management Lp added SLG to its portfolio by purchasing 22,302 company shares during the most recent quarter which is valued at $2,657,283. SL Green Realty Corp makes up approx 0.26% of Visium Asset Management Lp’s portfolio.Diam Ltd. reduced its stake in SLG by selling 13,151 shares or 5.33% in the most recent quarter. The Hedge Fund company now holds 233,466 shares of SLG which is valued at $27,147,426. SL Green Realty Corp makes up approx 0.39% of Diam Ltd.’s portfolio.
SL Green Realty Corp opened for trading at $117.08 and hit $118.87 on the upside on Wednesday, eventually ending the session at $118.44, with a gain of 0.94% or 1.1 points. The heightened volatility saw the trading volume jump to 672,096 shares. Company has a market cap of $11,882 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.