Director Betsy Atkins Sells 9,894 Shares of SL Green Realty Corp
On January 26, 2024, Betsy Atkins, a director of SL Green Realty Corp (NYSE:SLG), sold 9,894 shares of the company's stock, according to a recent SEC Filing. The transaction was executed with the shares priced at $47.25 each, resulting in a total sale amount of $467,489.50.
SL Green Realty Corp is a real estate investment trust (REIT) that primarily acquires, manages, and maximizes the value of Manhattan commercial properties. It is New York City's largest office landlord and has a portfolio of office buildings that cater to a range of tenants.
Over the past year, the insider has sold a total of 14,894 shares and has not made any purchases of the company's stock. The recent sale by Atkins is part of a broader pattern of insider transactions at SL Green Realty Corp, which has seen 5 insider sells and no insider buys over the past year.
On the valuation front, SL Green Realty Corp's shares were trading at $47.25 on the day of the insider's sale, giving the company a market capitalization of $3.058 billion. The stock's price-to-GF-Value ratio stands at 0.87, indicating that it is modestly undervalued according to the GF Value metric.
The GF Value is a proprietary intrinsic value estimate from GuruFocus, which is calculated based on historical trading multiples, an adjustment factor for the company's past performance, and future business performance estimates provided by Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's valuation and future prospects. The recent insider activity at SL Green Realty Corp, particularly the sales by Director Betsy Atkins, may be of interest to stakeholders tracking the company's stock performance and valuation metrics.
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.
This article first appeared on GuruFocus.
