BB&T Securities LLC Buys Shares of 2,140 SL Green Realty Corporation (SLG)

BB&T Securities LLC purchased a new position in shares of SL Green Realty Corporation (NYSE:SLG) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,140 shares of the real estate investment trust’s stock, valued at approximately $226,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. raised its stake in shares of SL Green Realty Corporation by 2,588.7% in the first quarter. BlackRock Inc. now owns 9,337,213 shares of the real estate investment trust’s stock valued at $995,533,000 after purchasing an additional 8,989,935 shares in the last quarter. Brookfield Asset Management Inc. acquired a new position in shares of SL Green Realty Corporation in the first quarter valued at $128,189,000. Prudential Financial Inc. raised its stake in shares of SL Green Realty Corporation by 212.6% in the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust’s stock valued at $77,440,000 after purchasing an additional 493,972 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of SL Green Realty Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 17,792,497 shares of the real estate investment trust’s stock valued at $1,897,036,000 after purchasing an additional 362,749 shares in the last quarter. Finally, Ameriprise Financial Inc. raised 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 purchasing an additional 230,260 shares in the last quarter.

SL Green Realty Corporation (SLG) opened at 100.67 on Friday. SL Green Realty Corporation has a 1-year low of $93.90 and a 1-year high of $115.34. The firm has a 50-day moving average price of $98.42 and a 200 day moving average price of $103.54. The firm has a market cap of $9.96 billion, a price-to-earnings ratio of 103.46 and a beta of 1.19.

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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.54). SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The business had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. Equities analysts predict that SL Green Realty Corporation will post $1.34 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.775 per share. The ex-dividend date is Friday, September 29th. This represents a $3.10 annualized dividend and a dividend yield of 3.08%. SL Green Realty Corporation’s payout ratio is 319.59%.

A number of analysts have weighed in on SLG shares. Citigroup Inc. lowered their price target on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th. UBS AG upgraded SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target on the stock in a research report on Thursday, July 13th. BMO Capital Markets reiterated a “buy” rating and issued a $127.00 price target on shares of SL Green Realty Corporation in a research report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) started coverage on SL Green Realty Corporation in a research report on Thursday, June 22nd. They issued a “buy” rating and a $121.00 price target on the stock. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 price target on shares of SL Green Realty Corporation in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. SL Green Realty Corporation currently has a consensus rating of “Hold” and an average target price of $116.15.

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SL Green Realty Corporation 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.

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

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