On February 9, 2024, Director Carol Brown executed a sale of 5,118 shares of SL Green Realty Corp (SLG, Financial), as reported in the SEC Filing. SL Green Realty Corp is a real estate investment trust that primarily acquires, manages, and maximizes the value of Manhattan commercial properties. It is Manhattan's largest office landlord and has a significant presence in the New York metropolitan area.
According to the filing, the insider completed the transaction at an average price of $44.37 per share, which resulted in a total sale amount of $226,860.26. Over the past year, the insider has sold a cumulative total of 5,118 shares and has not made any purchases of the stock.
The insider transaction history for SL Green Realty Corp indicates a pattern of sales by insiders over the past year, with a total of 7 insider sells and no insider buys recorded during that period.
On the day of the sale, SL Green Realty Corp shares were trading at $44.37, giving the company a market capitalization of $2.946 billion.
The stock's price-to-GF-Value ratio stands at 0.83, with a GuruFocus Value of $53.26, suggesting that SL Green Realty Corp is currently modestly undervalued. The GF Value is a proprietary valuation metric from GuruFocus, which is derived from historical trading multiples, an adjustment factor based on the company's historical returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider's recent sale could be of interest to investors monitoring insider behaviors as an indicator of the company's prospects. However, it is important to consider the broader context of the market, the company's performance, and other factors before making any investment decisions.
Investors and analysts often look at insider transactions as one of many tools to gauge the potential future direction of a stock. While insider selling does not always imply a lack of confidence in the company, it can provide insights when evaluated alongside other financial data and market trends.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
