6,354 Shares in SL Green Realty Corporation (NYSE:SLG) Purchased by Sand Hill Global Advisors LLC

Sand Hill Global Advisors LLC acquired a new position in SL Green Realty Corporation (NYSE:SLG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,354 shares of the real estate investment trust’s stock, valued at approximately $672,000.

Other large investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new position in SL Green Realty Corporation in the first quarter worth approximately $203,000. Achmea Investment Management B.V. acquired a new position in SL Green Realty Corporation in the first quarter worth approximately $224,000. BB&T Securities LLC acquired a new position in SL Green Realty Corporation in the second quarter worth approximately $226,000. OppenheimerFunds Inc. increased its holdings in SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock worth $228,000 after buying an additional 246 shares during the last quarter. Finally, Global X Management Co. LLC increased its holdings in SL Green Realty Corporation by 35.1% in the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 557 shares during the last quarter.

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In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total value of $640,440.00. Following the transaction, the director now directly owns 7,196 shares of the company’s stock, valued at approximately $768,101.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.09% of the company’s stock.

Shares of SL Green Realty Corporation (NYSE:SLG) traded down 1.06% during midday trading on Friday, reaching $96.80. The company had a trading volume of 419,881 shares. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $115.34. The stock’s 50 day moving average is $98.89 and its 200-day moving average is $103.99. The stock has a market capitalization of $9.58 billion, a PE ratio of 99.49 and a beta of 1.19.

SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.62 by ($1.54). The business had revenue of $279.41 million during the quarter, compared to the consensus estimate of $281.40 million. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. On average, equities research analysts predict that SL Green Realty Corporation will post $1.34 earnings per share for the current fiscal year.

SLG has been the subject of a number of recent analyst reports. Citigroup Inc. reduced their price objective on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company 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 objective for the company in a research note on Thursday, July 13th. BMO Capital Markets reiterated a “buy” rating and set a $127.00 price objective on shares of SL Green Realty Corporation in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) initiated coverage on SL Green Realty Corporation in a research note on Thursday, June 22nd. They issued a “buy” rating and a $121.00 target price for the company. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 price target on shares of SL Green Realty Corporation in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. SL Green Realty Corporation presently has an average rating of “Hold” and an average target price of $116.31.

About SL Green Realty Corporation

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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