New York State Teachers Retirement System Has $18.28 Million Position in SL Green Realty Corporation (SLG)

New York State Teachers Retirement System cut its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 2.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,450 shares of the real estate investment trust’s stock after selling 3,746 shares during the period. New York State Teachers Retirement System owned 0.17% of SL Green Realty Corporation worth $18,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Xact Kapitalforvaltning AB acquired a new position in SL Green Realty Corporation during the third quarter valued at about $1,276,000. Phocas Financial Corp. raised its stake in shares of SL Green Realty Corporation by 12.8% in the third quarter. Phocas Financial Corp. now owns 8,786 shares of the real estate investment trust’s stock worth $950,000 after buying an additional 997 shares during the period. ING Groep NV raised its stake in shares of SL Green Realty Corporation by 56.9% in the fourth quarter. ING Groep NV now owns 5,827 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 2,113 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of SL Green Realty Corporation by 2.5% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 148,866 shares of the real estate investment trust’s stock worth $16,011,000 after buying an additional 3,667 shares during the period. Finally, Comerica Bank raised its stake in SL Green Realty Corporation by 0.5% in the fourth quarter. Comerica Bank now owns 27,723 shares of the real estate investment trust’s stock valued at $2,951,000 after buying an additional 151 shares during the last quarter.

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

SL Green Realty Corporation (SLG) traded down 0.56% during midday trading on Monday, hitting $105.14. 630,411 shares of the stock were exchanged. SL Green Realty Corporation has a 1-year low of $93.90 and a 1-year high of $120.63. The company’s 50 day moving average is $103.79 and its 200 day moving average is $107.38. The company has a market capitalization of $10.70 billion, a P/E ratio of 47.51 and a beta of 1.21.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be given a dividend of $0.775 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 2.95%. SL Green Realty Corporation’s payout ratio is currently 139.64%.

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SLG has been the topic of several research reports. Evercore ISI upgraded shares of SL Green Realty Corporation from a “hold” rating to an “outperform” rating in a report on Friday, March 3rd. Barclays PLC boosted 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 research report on Wednesday, April 19th. Morgan Stanley lowered shares of SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $120.00 to $106.00 in a research report on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, April 20th. Finally, TheStreet downgraded shares of SL Green Realty Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, April 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $115.60.

In other news, Director John S. Levy sold 6,000 shares of SL Green Realty Corporation stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $107.25, for a total transaction of $643,500.00. Following the transaction, the director now directly owns 21,827 shares of the company’s stock, valued at approximately $2,340,945.75. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.99% of the stock is owned by insiders.

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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