Nisa Investment Advisors LLC Has $4.94 Million Stock Position in SL Green Realty Corporation $SLG

Nisa Investment Advisors LLC lessened its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 27.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 82,142 shares of the real estate investment trust’s stock after selling 30,666 shares during the quarter. Nisa Investment Advisors LLC owned 0.12% of SL Green Realty worth $4,935,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AQR Capital Management LLC raised its position in shares of SL Green Realty by 74.8% during the first quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust’s stock worth $1,519,000 after purchasing an additional 11,506 shares during the period. United Services Automobile Association bought a new stake in SL Green Realty during the 1st quarter worth approximately $253,000. Empowered Funds LLC increased its stake in SL Green Realty by 10.9% during the 1st quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 722 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in SL Green Realty by 10.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 524,251 shares of the real estate investment trust’s stock worth $30,249,000 after buying an additional 50,450 shares during the period. Finally, Intech Investment Management LLC lifted its stake in SL Green Realty by 36.9% in the first quarter. Intech Investment Management LLC now owns 48,390 shares of the real estate investment trust’s stock valued at $2,792,000 after buying an additional 13,048 shares in the last quarter. 89.96% of the stock is currently owned by institutional investors.

Insider Buying and Selling at SL Green Realty

In related news, CEO Marc Holliday sold 22,223 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $44.40, for a total transaction of $986,701.20. Following the transaction, the chief executive officer directly owned 9,698 shares in the company, valued at approximately $430,591.20. The trade was a 69.62% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $67,588.11. Following the sale, the insider directly owned 7,045 shares in the company, valued at $318,927.15. This trade represents a 17.49% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 5.04% of the stock is currently owned by company insiders.

SL Green Realty Trading Up 0.8%

Shares of NYSE:SLG opened at $49.27 on Monday. The company’s 50-day moving average price is $46.47 and its two-hundred day moving average price is $54.09. SL Green Realty Corporation has a one year low of $40.26 and a one year high of $68.14. The company has a debt-to-equity ratio of 1.03, a current ratio of 3.22 and a quick ratio of 3.22. The stock has a market capitalization of $3.51 billion, a PE ratio of 4,932.23 and a beta of 1.60.

SL Green Realty (NYSE:SLG) last released its earnings results on Thursday, October 16th. The real estate investment trust reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.24. SL Green Realty had a negative return on equity of 0.22% and a net margin of 1.75%.The business had revenue of $244.82 million for the quarter, compared to the consensus estimate of $170.27 million. During the same quarter in the previous year, the business earned $1.26 earnings per share. SL Green Realty’s quarterly revenue was up 7.2% on a year-over-year basis. On average, equities analysts forecast that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Monday, December 15th. Stockholders of record on Friday, November 28th were issued a $0.2575 dividend. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend was Friday, November 28th. SL Green Realty’s dividend payout ratio is presently 30,900.00%.

Analysts Set New Price Targets

SLG has been the subject of several research reports. Bank of America lowered their price objective on shares of SL Green Realty from $64.00 to $61.00 and set a “neutral” rating for the company in a research report on Friday, October 17th. Wells Fargo & Company reduced their target price on shares of SL Green Realty from $58.00 to $54.00 and set an “equal weight” rating for the company in a research note on Monday, October 27th. Deutsche Bank Aktiengesellschaft set a $45.00 price target on SL Green Realty in a research note on Tuesday, January 6th. New Street Research set a $72.00 price target on SL Green Realty in a report on Thursday, October 9th. Finally, Barclays set a $59.00 price objective on SL Green Realty in a research report on Monday, November 3rd. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SL Green Realty has an average rating of “Hold” and an average price target of $56.83.

About SL Green Realty

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.