On April 3, 2023 at 09:46:54 ET an unusually large
$2,577.55K block of Put contracts in SL Green Realty
(SLG) was bought,
with a strike price of $22.50 / share, expiring in 46 days (on May 19, 2023).
Fintel tracks all large options trades, and the premium spent on this trade was 4.41 sigmas above the mean, placing it in the 100.00 percentile of all recent large trades made in SLG options.
This trade was first picked up on Fintel’s real time Unusual Option Trades
tool, where unusual option trades are highlighted.
Analyst Price Forecast Suggests 50.97% Upside
As of March 30, 2023,
the average one-year price target for SL Green Realty is $35.51.
The forecasts range from a low of $18.18 to a high of $88.20.
The average price target represents an increase of 50.97% from its latest reported closing price of $23.52.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SL Green Realty
is $754MM, a decrease of 1.29%.
The projected annual non-GAAP EPS
is -$0.51.
What is the Fund Sentiment?
There are 653 funds or institutions reporting positions in SL Green Realty.
This is a decrease
of
42
owner(s) or 6.04% in the last quarter.
Average portfolio weight of all funds dedicated to SLG is 0.20%,
an increase
of 3.58%.
Total shares owned by institutions decreased
in the last three months by 7.59% to 56,006K shares.
The put/call ratio of SLG is 3.47, indicating a
bearish
outlook.
What are Large Shareholders Doing?
VGSIX – Vanguard Real Estate Index Fund Investor Shares
holds 2,868K shares
representing 4.46% ownership of the company.
In it’s prior filing, the firm reported owning 2,907K shares, representing
a decrease
of 1.37%.
The firm
decreased
its portfolio allocation in SLG by 6.29% over the last quarter.
Confluence Investment Management
holds 2,080K shares
representing 3.23% ownership of the company.
In it’s prior filing, the firm reported owning 2,093K shares, representing
a decrease
of 0.60%.
The firm
decreased
its portfolio allocation in SLG by 25.36% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF
holds 1,986K shares
representing 3.09% ownership of the company.
In it’s prior filing, the firm reported owning 1,875K shares, representing
an increase
of 5.59%.
The firm
decreased
its portfolio allocation in SLG by 22.38% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
holds 1,941K shares
representing 3.02% ownership of the company.
In it’s prior filing, the firm reported owning 1,919K shares, representing
an increase
of 1.15%.
The firm
decreased
its portfolio allocation in SLG by 21.56% over the last quarter.
NAESX – Vanguard Small-Cap Index Fund Investor Shares
holds 1,657K shares
representing 2.57% ownership of the company.
In it’s prior filing, the firm reported owning 1,633K shares, representing
an increase
of 1.47%.
The firm
decreased
its portfolio allocation in SLG by 21.11% over the last quarter.
SL Green Realty Background Information
(This description is provided by the company.)
SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of December 31, 2020, SL Green held interests in 88 buildings totaling 38.2 million square feet. This included ownership interests in 28.6 million square feet of Manhattan buildings and 8.7 million square feet securing debt and preferred equity investments.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
