Tredje AP fonden Takes Position in SL Green Realty Corporation (SLG)

Tredje AP fonden purchased a new position in shares of SL Green Realty Corporation (NYSE:SLG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,940 shares of the real estate investment trust’s stock, valued at approximately $316,000.

Several other hedge funds also recently modified their holdings of SLG. Boston Partners boosted its stake in SL Green Realty Corporation by 12.8% in the first quarter. Boston Partners now owns 3,011,625 shares of the real estate investment trust’s stock valued at $321,099,000 after buying an additional 340,926 shares in the last quarter. Norges Bank acquired a new stake in shares of SL Green Realty Corporation during the fourth quarter valued at approximately $273,422,000. Bank of New York Mellon Corp boosted its stake in shares of SL Green Realty Corporation by 7.5% in the first quarter. Bank of New York Mellon Corp now owns 1,766,268 shares of the real estate investment trust’s stock valued at $188,319,000 after buying an additional 123,794 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of SL Green Realty Corporation by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,361,215 shares of the real estate investment trust’s stock valued at $146,393,000 after buying an additional 31,085 shares during the period. Finally, Ameriprise Financial Inc. boosted its stake in shares of SL Green Realty Corporation by 28.8% in the first quarter. Ameriprise Financial Inc. now owns 1,028,780 shares of the real estate investment trust’s stock valued at $109,709,000 after buying an additional 230,260 shares during the period.

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

SL Green Realty Corporation (SLG) traded down 0.32% during trading on Friday, reaching $105.73. 1,321,482 shares of the company’s stock were exchanged. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $120.63. The company has a market cap of $10.76 billion, a P/E ratio of 47.78 and a beta of 1.21. The stock’s 50-day moving average is $103.79 and its 200-day moving average is $107.38.

SL Green Realty Corporation (NYSE:SLG) last announced its quarterly earnings data on Wednesday, April 19th. The real estate investment trust reported $1.57 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.57. SL Green Realty Corporation had a net margin of 13.33% and a return on equity of 2.98%. The business had revenue of $377.40 million during the quarter, compared to analyst estimates of $315.90 million. During the same period last year, the firm posted $1.85 EPS. The company’s revenue was down 17.1% on a year-over-year basis. Analysts predict that SL Green Realty Corporation will post $1.62 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be issued a $0.775 dividend. This represents a $3.10 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Wednesday, June 28th. SL Green Realty Corporation’s dividend payout ratio (DPR) is presently 139.64%.

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Several research analysts have recently weighed in on SLG shares. Morgan Stanley lowered shares of SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $120.00 to $106.00 in a research note on Tuesday. BidaskClub upgraded shares of SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. ValuEngine downgraded shares of SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet downgraded shares of SL Green Realty Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, April 19th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $113.00 price objective on shares of SL Green Realty Corporation in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $115.60.

In related news, Director John S. Levy sold 6,000 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $107.25, for a total value of $643,500.00. Following the completion of the transaction, the director now directly owns 21,827 shares of the company’s stock, valued at $2,340,945.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.09% 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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