SL Green Realty Corp (NYSE:SLG) Director Craig M. Hatkoff sold 3,400 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $93.73, for a total transaction of $318,682.00. Following the sale, the director now owns 1,365 shares of the company’s stock, valued at approximately $127,941.45. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

SL Green Realty Corp (NYSE:SLG) traded up $0.15 during mid-day trading on Friday, reaching $90.76. 249,420 shares of the company’s stock traded hands, compared to its average volume of 1,067,793. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.51. SL Green Realty Corp has a 52-week low of $90.23 and a 52-week high of $115.34. The company has a market cap of $8,900.00, a price-to-earnings ratio of 108.45, a P/E/G ratio of 2.29 and a beta of 1.12.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, January 24th. The real estate investment trust reported $1.60 EPS for the quarter, meeting the consensus estimate of $1.60. SL Green Realty had a net margin of 6.71% and a return on equity of 1.42%. The firm had revenue of $361.30 million for the quarter, compared to analyst estimates of $320.48 million. During the same period last year, the firm earned $1.43 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. equities research analysts forecast that SL Green Realty Corp will post 6.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd were issued a $0.8125 dividend. This is a positive change from SL Green Realty’s previous quarterly dividend of $0.78. This represents a $3.25 annualized dividend and a yield of 3.58%. The ex-dividend date of this dividend was Friday, December 29th. SL Green Realty’s dividend payout ratio (DPR) is currently 382.35%.

SL Green Realty announced that its Board of Directors has initiated a stock repurchase plan on Friday, December 1st that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

A number of analysts have recently issued reports on SLG shares. Zacks Investment Research cut shares of SL Green Realty from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Citigroup cut their target price on shares of SL Green Realty from $125.00 to $123.00 and set a “buy” rating for the company in a research note on Monday, October 23rd. KeyCorp set a $130.00 target price on shares of SL Green Realty and gave the stock a “buy” rating in a research note on Sunday, October 29th. SunTrust Banks set a $115.00 target price on shares of SL Green Realty and gave the stock a “buy” rating in a research note on Saturday, October 21st. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $125.00 price target on shares of SL Green Realty in a research report on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $114.83.

Institutional investors have recently made changes to their positions in the stock. Capital Investment Counsel Inc bought a new stake in shares of SL Green Realty during the 3rd quarter valued at approximately $213,000. American Investment Services Inc. bought a new stake in shares of SL Green Realty during the 4th quarter valued at approximately $240,000. Cubist Systematic Strategies LLC bought a new stake in shares of SL Green Realty during the 3rd quarter valued at approximately $270,000. Everence Capital Management Inc. bought a new stake in shares of SL Green Realty during the 4th quarter valued at approximately $281,000. Finally, Koch Industries Inc. bought a new stake in shares of SL Green Realty during the 2nd quarter valued at approximately $316,000.

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SL Green Realty Company Profile

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.

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