Quantinno Capital Management LP Purchases 24,963 Shares of SL Green Realty Corporation $SLG

Quantinno Capital Management LP boosted its position in shares of SL Green Realty Corporation (NYSE:SLG) by 24.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 126,994 shares of the real estate investment trust’s stock after acquiring an additional 24,963 shares during the quarter. Quantinno Capital Management LP’s holdings in SL Green Realty were worth $4,691,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of SLG. Saba Capital Management L.P. purchased a new position in SL Green Realty in the first quarter worth about $665,000. SummitTX Capital L.P. bought a new position in shares of SL Green Realty in the 1st quarter worth approximately $723,000. Caxton Associates LLP purchased a new position in shares of SL Green Realty in the first quarter worth approximately $365,000. Inceptionr LLC purchased a new position in shares of SL Green Realty in the first quarter worth approximately $509,000. Finally, Bank of Nova Scotia bought a new stake in SL Green Realty during the first quarter valued at approximately $369,000. Institutional investors own 89.96% of the company’s stock.

SL Green Realty Price Performance

NYSE SLG opened at $54.58 on Friday. The company has a current ratio of 3.10, a quick ratio of 3.03 and a debt-to-equity ratio of 1.12. SL Green Realty Corporation has a 12 month low of $34.77 and a 12 month high of $66.29. The stock has a market cap of $3.90 billion, a price-to-earnings ratio of -19.99, a PEG ratio of 2.45 and a beta of 1.58. The company’s 50 day moving average is $50.85 and its two-hundred day moving average is $44.47.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings results on Thursday, July 23rd. The real estate investment trust reported ($0.38) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.59) by $0.21. The business had revenue of $264.00 million during the quarter, compared to analyst estimates of $179.01 million. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.43%. The company’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the business posted $1.63 earnings per share. As a group, research analysts anticipate that SL Green Realty Corporation will post 5.35 earnings per share for the current year.

SL Green Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.6175 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.5%. SL Green Realty’s payout ratio is -90.48%.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Mizuho upped their target price on shares of SL Green Realty from $38.00 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, July 21st. LADENBURG THALM/SH SH boosted their price objective on shares of SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a research report on Wednesday, July 8th. Citigroup restated a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a research note on Friday, July 24th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $60.00 target price (up from $52.00) on shares of SL Green Realty in a report on Monday, July 27th. Finally, UBS Group set a $60.00 target price on SL Green Realty in a research report on Monday, July 27th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, SL Green Realty has a consensus rating of “Hold” and an average price target of $55.15.

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.