SL Green Realty Corporation (NYSE:SLG) Position Boosted by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado boosted its position in shares of SL Green Realty Corporation (NYSE:SLG) by 0.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,138 shares of the real estate investment trust’s stock after buying an additional 27 shares during the period. Public Employees Retirement Association of Colorado’s holdings in SL Green Realty Corporation were worth $2,131,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SLG. Russell Investments Group Ltd. raised its stake in SL Green Realty Corporation by 1.2% in the first quarter. Russell Investments Group Ltd. now owns 412,962 shares of the real estate investment trust’s stock worth $44,038,000 after buying an additional 4,776 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in SL Green Realty Corporation by 2.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 178,250 shares of the real estate investment trust’s stock worth $19,005,000 after buying an additional 5,000 shares in the last quarter. Shell Asset Management Co. raised its stake in SL Green Realty Corporation by 149.6% in the first quarter. Shell Asset Management Co. now owns 16,510 shares of the real estate investment trust’s stock worth $1,760,000 after buying an additional 9,895 shares in the last quarter. Korea Investment CORP raised its stake in SL Green Realty Corporation by 13,531.4% in the first quarter. Korea Investment CORP now owns 16,085 shares of the real estate investment trust’s stock worth $1,715,000 after buying an additional 15,967 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. raised its stake in SL Green Realty Corporation by 6.9% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,702 shares of the real estate investment trust’s stock worth $269,000 after buying an additional 174 shares in the last quarter.

SL Green Realty Corporation (SLG) opened at 101.70 on Thursday. The company has a market capitalization of $10.00 billion, a price-to-earnings ratio of 104.52 and a beta of 1.18. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $120.63. The firm has a 50-day moving average of $103.61 and a 200 day moving average of $106.19.

SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The business had revenue of $279.41 million for the quarter, compared to the consensus estimate of $281.40 million. Equities research analysts predict that SL Green Realty Corporation will post $1.56 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Stockholders of record on Friday, June 30th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.10 annualized dividend and a dividend yield of 3.05%. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.

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A number of research firms recently commented on SLG. Barclays PLC upped their price target on shares of SL Green Realty Corporation from $110.00 to $111.00 and gave the company an “equal weight” rating in a report on Wednesday, April 19th. Morgan Stanley lowered shares of SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $120.00 to $106.00 in a report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a report on Thursday, April 20th. BMO Capital Markets reiterated a “buy” rating and set a $127.00 price target on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Finally, TheStreet lowered shares of SL Green Realty Corporation from a “b-” rating to a “c” rating in a report on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $117.62.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of SL Green Realty Corporation stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total value of $640,440.00. Following the completion of the sale, the director now directly owns 7,196 shares in the company, valued at $768,101.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.99% of the company’s stock.

SL Green Realty Corporation Company Profile

SL Green Realty Corp. is a self-managed real estate investment trust (REIT), with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company operates through two segments: real estate, and debt and preferred equity investments.

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Institutional Ownership by Quarter for SL Green Realty Corporation (NYSE:SLG)

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