Virtu Financial LLC Buys Shares of 5,256 SL Green Realty Corp (NYSE:SLG)

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Virtu Financial LLC purchased a new stake in SL Green Realty Corp (NYSE:SLG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 5,256 shares of the real estate investment trust’s stock, valued at approximately $430,000.

Several other institutional investors have also recently bought and sold shares of the company. Oppenheimer & Co. Inc. lifted its holdings in SL Green Realty by 31.0% in the second quarter. Oppenheimer & Co. Inc. now owns 27,531 shares of the real estate investment trust’s stock valued at $2,213,000 after acquiring an additional 6,522 shares during the last quarter. Schroder Investment Management Group purchased a new stake in SL Green Realty in the second quarter valued at $647,000. Asset Management One Co. Ltd. lifted its stake in shares of SL Green Realty by 2.1% in the 2nd quarter. Asset Management One Co. Ltd. now owns 205,554 shares of the real estate investment trust’s stock valued at $16,519,000 after purchasing an additional 4,266 shares during the last quarter. Comerica Bank lifted its stake in shares of SL Green Realty by 2.8% in the 3rd quarter. Comerica Bank now owns 40,175 shares of the real estate investment trust’s stock valued at $3,402,000 after purchasing an additional 1,106 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of SL Green Realty by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 506,632 shares of the real estate investment trust’s stock worth $41,417,000 after purchasing an additional 44,434 shares during the period. 97.11% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:SLG opened at $85.83 on Wednesday. The firm has a market capitalization of $6.84 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 3.15 and a beta of 1.07. SL Green Realty Corp has a 1 year low of $75.46 and a 1 year high of $96.51. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.65 and a quick ratio of 1.65. The firm’s 50-day moving average is $83.91 and its two-hundred day moving average is $82.56.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.73 by ($1.33). SL Green Realty had a net margin of 15.37% and a return on equity of 3.18%. The business had revenue of $248.03 million during the quarter, compared to analyst estimates of $243.02 million. During the same quarter last year, the firm posted $1.69 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Analysts expect that SL Green Realty Corp will post 6.95 EPS for the current fiscal year.

A number of brokerages recently issued reports on SLG. Robert W. Baird set a $92.00 price objective on shares of SL Green Realty and gave the company a “hold” rating in a report on Wednesday, August 21st. SunTrust Banks dropped their price target on shares of SL Green Realty to $100.00 and set a “buy” rating for the company in a research report on Monday, October 21st. They noted that the move was a valuation call. Zacks Investment Research raised shares of SL Green Realty from a “hold” rating to a “buy” rating and set a $88.00 price target on the stock in a research note on Wednesday, September 11th. Barclays set a $107.00 price objective on shares of SL Green Realty and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Citigroup lowered their price objective on shares of SL Green Realty from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $93.49.

SL Green Realty Company Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet.

See Also: Special Dividends

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

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