Fieldview Capital Management LLC Purchases 21,629 Shares of SL Green Realty Corporation $SLG

Fieldview Capital Management LLC grew its position in SL Green Realty Corporation (NYSE:SLG) by 276.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 29,453 shares of the real estate investment trust’s stock after purchasing an additional 21,629 shares during the quarter. Fieldview Capital Management LLC’s holdings in SL Green Realty were worth $1,762,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SLG. Swiss National Bank grew its holdings in shares of SL Green Realty by 1.5% during the third quarter. Swiss National Bank now owns 137,698 shares of the real estate investment trust’s stock valued at $8,236,000 after buying an additional 2,100 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in SL Green Realty by 1.6% in the 3rd quarter. Russell Investments Group Ltd. now owns 136,886 shares of the real estate investment trust’s stock worth $8,187,000 after acquiring an additional 2,163 shares during the last quarter. Inceptionr LLC bought a new position in SL Green Realty in the 3rd quarter valued at approximately $385,000. Dimensional Fund Advisors LP lifted its position in SL Green Realty by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,060,037 shares of the real estate investment trust’s stock valued at $63,401,000 after acquiring an additional 25,743 shares in the last quarter. Finally, Picton Mahoney Asset Management boosted its stake in SL Green Realty by 218.2% during the 3rd quarter. Picton Mahoney Asset Management now owns 239,012 shares of the real estate investment trust’s stock valued at $14,296,000 after purchasing an additional 163,903 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Insiders Place Their Bets

In other SL Green Realty news, CEO Marc Holliday sold 22,223 shares of the firm’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of $44.40, for a total value of $986,701.20. Following the transaction, the chief executive officer directly owned 9,698 shares of the company’s stock, valued at approximately $430,591.20. This trade represents a 69.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew S. Levine sold 1,493 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $45.27, for a total value of $67,588.11. Following the sale, the insider owned 7,045 shares of the company’s stock, valued at approximately $318,927.15. This represents a 17.49% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 5.04% of the stock is currently owned by corporate insiders.

SL Green Realty Trading Up 1.1%

NYSE:SLG opened at $39.17 on Tuesday. The company has a market cap of $2.79 billion, a PE ratio of -24.33 and a beta of 1.66. The company has a current ratio of 2.66, a quick ratio of 2.66 and a debt-to-equity ratio of 1.05. The company has a 50 day simple moving average of $43.32 and a two-hundred day simple moving average of $49.37. SL Green Realty Corporation has a 12 month low of $35.03 and a 12 month high of $66.91.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating 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 return on equity of 2.44% and a negative net margin of 9.66%.The company’s revenue was up 14.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.81 EPS. Research analysts forecast that SL Green Realty Corporation will post 5.43 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on SLG shares. Barclays reduced their target price on SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. BTIG Research dropped their price objective on SL Green Realty from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. Weiss Ratings reiterated a “sell (d+)” rating on shares of SL Green Realty in a report on Wednesday, January 21st. Truist Financial set a $44.00 price objective on SL Green Realty in a report on Tuesday, February 3rd. Finally, Piper Sandler lowered their target price on shares of SL Green Realty from $62.00 to $60.00 and set an “overweight” rating on the stock in a research note on Monday, January 5th. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $52.80.

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.