Kettle Hill Capital Management LLC Has $934,000 Holdings in SL Green Realty Corporation $SLG

Kettle Hill Capital Management LLC trimmed its position in shares of SL Green Realty Corporation (NYSE:SLG) by 84.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,613 shares of the real estate investment trust’s stock after selling 83,992 shares during the quarter. Kettle Hill Capital Management LLC’s holdings in SL Green Realty were worth $934,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Focus Partners Wealth acquired a new position in SL Green Realty during the third quarter worth $945,000. Brevan Howard Capital Management LP acquired a new position in shares of SL Green Realty during the third quarter valued at about $245,000. Algert Global LLC grew its holdings in shares of SL Green Realty by 89.3% during the third quarter. Algert Global LLC now owns 13,547 shares of the real estate investment trust’s stock valued at $810,000 after buying an additional 6,390 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of SL Green Realty during the third quarter worth about $277,000. Finally, Amundi raised its holdings in shares of SL Green Realty by 6.0% in the 3rd quarter. Amundi now owns 49,028 shares of the real estate investment trust’s stock worth $2,891,000 after acquiring an additional 2,783 shares during the last quarter. 89.96% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

SLG has been the topic of several recent research reports. The Goldman Sachs Group set a $37.00 price target on shares of SL Green Realty and gave the company a “sell” rating in a research report on Friday, February 6th. LADENBURG THALM/SH SH decreased their price objective on SL Green Realty from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. UBS Group set a $61.00 price objective on SL Green Realty in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SL Green Realty in a research report on Wednesday, January 21st. Finally, Zacks Research upgraded SL Green Realty from a “strong sell” rating to a “hold” rating in a report on Wednesday, February 25th. Seven analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, SL Green Realty has a consensus rating of “Hold” and an average price target of $52.85.

SL Green Realty Trading Down 1.7%

Shares of SLG stock opened at $37.23 on Monday. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.66 and a current ratio of 2.66. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -23.13 and a beta of 1.66. SL Green Realty Corporation has a 52-week low of $35.03 and a 52-week high of $66.91. The company has a 50-day simple moving average of $42.65 and a two-hundred day simple moving average of $48.85.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, January 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.10 by $0.03. The firm had revenue of $159.82 million for the quarter, compared to analysts’ expectations of $162.73 million. SL Green Realty had a negative net margin of 9.66% and a negative return on equity of 2.44%. The company’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.81 EPS. Research analysts anticipate that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other SL Green Realty news, insider Andrew S. Levine sold 1,493 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $45.27, for a total value of $67,588.11. Following the completion of the transaction, the insider owned 7,045 shares in the company, valued at $318,927.15. This represents a 17.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Marc Holliday sold 22,223 shares of SL Green Realty stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $44.40, for a total value of $986,701.20. Following the sale, the chief executive officer owned 9,698 shares in the company, valued at $430,591.20. The trade was a 69.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 5.04% of the company’s stock.

SL Green Realty Company Profile

SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.

Founded in 1980 by real estate investor Stephen L.