Aperio Group LLC Reduces Stake in SL Green Realty Corp (SLG)

Aperio Group LLC reduced its holdings in SL Green Realty Corp (NYSE:SLG) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 26,790 shares of the real estate investment trust’s stock after selling 885 shares during the period. Aperio Group LLC’s holdings in SL Green Realty were worth $2,704,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Toronto Dominion Bank boosted its holdings in SL Green Realty by 9.2% in the 3rd quarter. Toronto Dominion Bank now owns 37,660 shares of the real estate investment trust’s stock valued at $3,816,000 after purchasing an additional 3,178 shares during the period. Swiss National Bank boosted its holdings in SL Green Realty by 2.3% in the 3rd quarter. Swiss National Bank now owns 375,200 shares of the real estate investment trust’s stock valued at $38,015,000 after purchasing an additional 8,400 shares during the period. Highbridge Capital Management LLC boosted its holdings in SL Green Realty by 275.5% in the 3rd quarter. Highbridge Capital Management LLC now owns 84,781 shares of the real estate investment trust’s stock valued at $8,590,000 after purchasing an additional 62,200 shares during the period. Artemis Investment Management LLP boosted its holdings in SL Green Realty by 117.9% in the 3rd quarter. Artemis Investment Management LLP now owns 168,205 shares of the real estate investment trust’s stock valued at $17,040,000 after purchasing an additional 91,007 shares during the period. Finally, Honeywell International Inc. lifted its holdings in shares of SL Green Realty by 27.8% during the 3rd quarter. Honeywell International Inc. now owns 33,790 shares of the real estate investment trust’s stock worth $3,424,000 after acquiring an additional 7,340 shares during the period.

SL Green Realty Corp (NYSE SLG) traded up $0.22 on Wednesday, hitting $98.71. 784,012 shares of the stock traded hands, compared to its average volume of 1,053,790. The stock has a market capitalization of $9,013.74, a P/E ratio of 112.17, a price-to-earnings-growth ratio of 2.46 and a beta of 1.11. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.11 and a quick ratio of 0.11. SL Green Realty Corp has a 52-week low of $89.46 and a 52-week high of $110.08.

SL Green Realty (NYSE:SLG) last released its quarterly earnings data on Wednesday, January 24th. The real estate investment trust reported $1.60 EPS for the quarter, meeting analysts’ consensus estimates of $1.60. SL Green Realty had a net margin of 6.71% and a return on equity of 1.38%. The company had revenue of $361.30 million during the quarter, compared to analyst estimates of $320.48 million. During the same period last year, the business earned $1.43 earnings per share. SL Green Realty’s revenue was down 3.4% compared to the same quarter last year. research analysts expect that SL Green Realty Corp will post 6.75 earnings per share for the current year.

SL Green Realty declared that its Board of Directors has approved a stock repurchase program on Friday, December 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

In other SL Green Realty news, CEO Marc Holliday sold 160,000 shares of SL Green Realty stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $100.63, for a total transaction of $16,100,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Craig M. Hatkoff sold 3,400 shares of SL Green Realty stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total transaction of $318,682.00. Following the transaction, the director now directly owns 1,365 shares in the company, valued at $127,941.45. The disclosure for this sale can be found here. Insiders own 2.99% of the company’s stock.

SLG has been the subject of a number of recent analyst reports. Stifel Nicolaus raised shares of SL Green Realty from a “hold” rating to a “buy” rating and upped their price target for the stock from $105.00 to $111.00 in a report on Friday, January 26th. Robert W. Baird restated a “buy” rating and issued a $114.00 price target on shares of SL Green Realty in a research report on Friday, January 26th. SunTrust Banks set a $110.00 price target on shares of SL Green Realty and gave the company a “buy” rating in a research report on Monday, January 22nd. BMO Capital Markets reaffirmed a “buy” rating and issued a $120.00 price objective on shares of SL Green Realty in a research note on Tuesday, January 9th. Finally, BTIG Research raised shares of SL Green Realty from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $114.25.

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About SL Green Realty

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

Institutional Ownership by Quarter for SL Green Realty (NYSE:SLG)

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