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

Fieldview Capital Management LLC grew its stake in SL Green Realty Corporation (NYSE:SLG) by 276.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Ethic Inc. boosted its stake in shares of SL Green Realty by 2.4% during the 3rd quarter. Ethic Inc. now owns 8,132 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 193 shares in the last quarter. MAI Capital Management raised its stake in SL Green Realty by 25.9% in the second quarter. MAI Capital Management now owns 988 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 203 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in SL Green Realty by 5.1% in the third quarter. PNC Financial Services Group Inc. now owns 5,489 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 267 shares during the period. Arizona State Retirement System lifted its holdings in SL Green Realty by 1.4% in the third quarter. Arizona State Retirement System now owns 21,014 shares of the real estate investment trust’s stock worth $1,257,000 after buying an additional 292 shares during the period. Finally, Xponance Inc. boosted its position in SL Green Realty by 5.2% during the 3rd quarter. Xponance Inc. now owns 6,264 shares of the real estate investment trust’s stock valued at $375,000 after acquiring an additional 308 shares in the last quarter. 89.96% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley set a $43.00 target price on SL Green Realty in a report on Thursday, January 29th. LADENBURG THALM/SH SH dropped their price target on SL Green Realty from $60.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, December 18th. Deutsche Bank Aktiengesellschaft set a $45.00 price target on SL Green Realty in a research note on Tuesday, January 6th. UBS Group set a $61.00 price objective on SL Green Realty in a report on Wednesday, January 14th. Finally, Raymond James Financial set a $44.00 price objective on SL Green Realty in a research report on Tuesday, February 3rd. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, SL Green Realty currently has a consensus rating of “Hold” and a consensus price target of $52.80.

Insiders Place Their Bets

In other SL Green Realty news, CEO Marc Holliday sold 22,223 shares of SL Green Realty stock in a transaction on Tuesday, December 23rd. The stock was sold at an average price of $44.40, for a total transaction of $986,701.20. Following the completion of the transaction, the chief executive officer 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 can be accessed through this hyperlink. Also, insider Andrew S. Levine sold 1,493 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $45.27, for a total value of $67,588.11. Following the completion of the sale, the insider directly owned 7,045 shares in the company, valued at approximately $318,927.15. This 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 insiders.

SL Green Realty Price Performance

Shares of NYSE SLG opened at $39.17 on Tuesday. 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 fifty-two week low of $35.03 and a fifty-two week high of $66.91. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -24.33 and a beta of 1.66. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.66 and a current ratio of 2.66.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, January 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping analysts’ consensus estimates 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 business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.81 EPS. Analysts expect that SL Green Realty Corporation will post 5.43 EPS for the current fiscal year.

SL Green Realty 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.