Stock On Watch: Is SL Green Realty Corp (NYSE:SLG) Going to Burn These Institutional Investors?

November 30, 2016 - By Nellie Frank   ·   0 Comments

Stock On Watch: Is SL Green Realty Corp (NYSE:SLG) Going to Burn These Institutional Investors?

Sentiment for SL Green Realty Corp (NYSE:SLG)

SL Green Realty Corp (NYSE:SLG) institutional sentiment decreased to 1.18 in Q2 2016. Its down -0.06, from 1.24 in 2016Q1. The ratio has dropped, as 168 active investment managers started new or increased stock positions, while 136 sold and reduced their positions in SL Green Realty Corp. The active investment managers in our partner’s database now have: 103.14 million shares, down from 104.49 million shares in 2016Q1. Also, the number of active investment managers holding SL Green Realty Corp in their top 10 stock positions was flat from 6 to 6 for the same number . Sold All: 31 Reduced: 105 Increased: 131 New Position: 37.

SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The company has a market cap of $10.71 billion. The Firm acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. It has a 36.56 P/E ratio. It operates through two divisions: real estate, and debt and preferred equity investments.

The stock increased 1.09% or $1.14 during the last trading session, hitting $106.03. SL Green Realty Corp (NYSE:SLG) has declined 0.21% since April 27, 2016 and is downtrending. It has underperformed by 5.43% the S&P500.

Analysts await SL Green Realty Corp (NYSE:SLG) to report earnings on January, 25. They expect $1.49 earnings per share, down 8.02% or $0.13 from last year’s $1.62 per share. SLG’s profit will be $150.50M for 17.79 P/E if the $1.49 EPS becomes a reality. After $1.63 actual earnings per share reported by SL Green Realty Corp for the previous quarter, Wall Street now forecasts -8.59% negative EPS growth.

According to Zacks Investment Research, “SL Green Realty Corporation is a fully-integrated, self administered and self-managed real estate investment trust and was formed for the purpose of continuing the commercial real estate business of SL Green. For more than 18 years, SL Green has been engaged in the business of owning, managing, leasing, acquiring and repositioning Class B office properties in Manhattan.”

V3 Capital Management L.P. holds 8.6% of its portfolio in SL Green Realty Corp for 320,500 shares. Cbre Clarion Securities Llc owns 5.61 million shares or 4.68% of their US portfolio. Moreover, Weiss Multi has 3.09% invested in the company for 375,122 shares. The New York-based Eii Capital Management Inc. has invested 2.9% in the stock. Harrison Street Securities Llc, a Illinois-based fund reported 8,330 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 2 sales for $389,583 net activity.

SL Green Realty Corp (NYSE:SLG) Ratings Coverage

Ratings analysis reveals 47% of SL Green Realty Corp.’s analysts are positive. Out of 17 Wall Street analysts rating SL Green Realty Corp., 8 give it “Buy”, 0 “Sell” rating, while 9 recommend “Hold”. The lowest target is $95 while the high is $140. The stock’s average target of $118.93 is 12.17% above today’s ($106.03) share price. SLG was included in 42 notes of analysts from July 21, 2015. The firm has “Buy” rating given on Friday, January 22 by SunTrust. The company was maintained on Thursday, February 11 by Barclays Capital. The firm earned “Neutral” rating on Tuesday, April 12 by Credit Suisse. BB&T Capital initiated SL Green Realty Corp (NYSE:SLG) rating on Friday, November 13. BB&T Capital has “Buy” rating and $137.0 price target. The firm has “Buy” rating given on Monday, March 21 by Evercore. The stock of SL Green Realty Corp (NYSE:SLG) earned “Hold” rating by Zacks on Monday, August 17. Deutsche Bank maintained SL Green Realty Corp (NYSE:SLG) on Tuesday, October 25 with “Buy” rating. On Tuesday, August 23 the stock rating was maintained by Jefferies with “Buy”. The rating was downgraded by Stifel Nicolaus on Thursday, August 20 to “Hold”. The firm has “Buy” rating given on Friday, January 22 by Suntrust Robinson.

SLG Company Profile

SL Green Realty Corp., incorporated on June 10, 1997, 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 Firm acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area. It operates through two divisions: real estate, and debt and preferred equity investments. Reckson Associates Realty Corp. (Reckson) and Reckson Operating Partnership, L.P. (ROP), are subsidiaries of the Company.

More important recent SL Green Realty Corp (NYSE:SLG) news were published by: Forbes.com which released: “Relative Strength Alert For SL Green Realty” on November 01, 2016, also Forbes.com published article titled: “SL Green Realty is Oversold”, Bloomberg.com published: “SL Green Sells a 40% Stake in Manhattan’s 11 Madison Ave.” on August 11, 2016. More interesting news about SL Green Realty Corp (NYSE:SLG) was released by: Businesswire.com and their article: “SL Green Realty Corp. 2016 Annual Institutional Investor Conference on Monday …” with publication date: November 16, 2016.

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By Nellie Frank

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