ING Groep NV boosted its stake in shares of SL Green Realty Corp (NYSE:SLG) by 170.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,343 shares of the real estate investment trust’s stock after purchasing an additional 5,890 shares during the quarter. ING Groep NV’s holdings in SL Green Realty were worth $943,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Cornerstone Capital Management Holdings LLC. raised its stake in SL Green Realty by 0.9% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 66,503 shares of the real estate investment trust’s stock valued at $6,738,000 after purchasing an additional 604 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in SL Green Realty by 3.4% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 18,921 shares of the real estate investment trust’s stock valued at $1,910,000 after purchasing an additional 614 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in SL Green Realty by 7.9% during the 3rd quarter. Mutual of America Capital Management LLC now owns 13,400 shares of the real estate investment trust’s stock valued at $1,358,000 after purchasing an additional 980 shares during the last quarter. Verition Fund Management LLC raised its stake in SL Green Realty by 33.2% during the 2nd quarter. Verition Fund Management LLC now owns 6,176 shares of the real estate investment trust’s stock valued at $653,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in SL Green Realty by 9.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 17,611 shares of the real estate investment trust’s stock valued at $1,784,000 after purchasing an additional 1,577 shares during the last quarter.

SL Green Realty Corp (NYSE SLG) opened at $93.82 on Wednesday. SL Green Realty Corp has a one year low of $89.46 and a one year high of $115.34. The stock has a market cap of $8,554.58, a price-to-earnings ratio of 106.61, a PEG ratio of 2.28 and a beta of 1.12. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.51.

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

SL Green Realty announced that its board has authorized a stock buyback 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 buy shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders 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. The ex-dividend date of this dividend was Friday, December 29th. This represents a $3.25 annualized dividend and a dividend yield of 3.46%. SL Green Realty’s dividend payout ratio is presently 369.32%.

In other news, Director John S. Levy sold 6,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $103.23, for a total value of $619,380.00. Following the sale, the director now owns 21,827 shares of the company’s stock, valued at approximately $2,253,201.21. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Craig M. Hatkoff sold 3,400 shares of the company’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 completion of the sale, the director now directly owns 1,365 shares in the company, valued at approximately $127,941.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 169,400 shares of company stock worth $17,038,862. 2.99% of the stock is owned by insiders.

Several research firms recently commented on SLG. BTIG Research upgraded shares of SL Green Realty from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. SunTrust Banks set a $117.00 price objective on shares of SL Green Realty and gave the company a “buy” rating in a research note on Tuesday, December 5th. 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. BMO Capital Markets restated a “buy” rating and issued a $125.00 price objective on shares of SL Green Realty in a research note on Thursday, October 19th. Finally, ValuEngine cut shares of SL Green Realty from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $114.83.

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

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