SL Green Realty Corp (SLG) : Weiss Multi-strategy Advisers reduced its stake in SL Green Realty Corp by 59.99% during the most recent quarter end. The investment management company now holds a total of 150,078 shares of SL Green Realty Corp which is valued at $16,116,876 after selling 225,044 shares in SL Green Realty Corp , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.SL Green Realty Corp makes up approximately 1.27% of Weiss Multi-strategy Advisers’s portfolio.
Other Hedge Funds, Including , Northwestern Mutual Wealth Management Co reduced its stake in SLG by selling 22 shares or 52.38% in the most recent quarter. The Hedge Fund company now holds 20 shares of SLG which is valued at $2,148. Bessemer Group Inc added SLG to its portfolio by purchasing 108 company shares during the most recent quarter which is valued at $10,991.Citadel Advisors reduced its stake in SLG by selling 185,975 shares or 31.61% in the most recent quarter. The Hedge Fund company now holds 402,451 shares of SLG which is valued at $40,957,438. SL Green Realty Corp makes up approx 0.10% of Citadel Advisors’s portfolio.Blackrock Japan Ltd boosted its stake in SLG in the latest quarter, The investment management firm added 19,436 additional shares and now holds a total of 142,732 shares of SL Green Realty Corp which is valued at $14,077,657. SL Green Realty Corp makes up approx 0.05% of Blackrock Japan Ltd’s portfolio.American Century Companies Inc boosted its stake in SLG in the latest quarter, The investment management firm added 82,703 additional shares and now holds a total of 241,421 shares of SL Green Realty Corp which is valued at $23,048,463. SL Green Realty Corp makes up approx 0.03% of American Century Companies Inc’s portfolio.
SL Green Realty Corp closed down -1.07 points or -1.02% at $103.42 with 7,30,218 shares getting traded on Monday. Post opening the session at $104.59, the shares hit an intraday low of $102.89 and an intraday high of $104.69 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, SL Green Realty Corp reported $1.63 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Oct 19, 2016. Analyst had a consensus of $1.50. The company had revenue of $334.61 million for the quarter, compared to analysts expectations of $355.50 million. The company’s revenue was down -8.8 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.65 EPS.
Many Wall Street Analysts have commented on SL Green Realty Corp. Shares were Reiterated by Deutsche Bank on Oct 25, 2016 to “Buy” and Lowered the Price Target to $ 126 from a previous price target of $131 .Shares were Downgraded by Stifel on Oct 24, 2016 to ” Hold” and Lowered the Price Target to $ 95 from a previous price target of $125 .
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.