SL Green Realty Corp. (NYSE:SLG)’s share price gapped up before the market opened on Friday . The stock had previously closed at $102.29, but opened at $102.56. SL Green Realty Corp. shares last traded at $105.69, with a volume of 328,858 shares changing hands.

SLG has been the topic of several research analyst reports. Evercore ISI upgraded shares of SL Green Realty Corp. from a “hold” rating to a “buy” rating and set a $119.00 price target on the stock in a report on Monday, March 21st. Credit Suisse Group AG upgraded shares of SL Green Realty Corp. from an “underperform” rating to a “neutral” rating and lowered their price target for the company from $119.00 to $105.00 in a report on Tuesday, April 12th. Zacks Investment Research upgraded shares of SL Green Realty Corp. from a “hold” rating to a “buy” rating and set a $111.00 price target on the stock in a report on Thursday, April 14th. BMO Capital Markets restated a “buy” rating on shares of SL Green Realty Corp. in a report on Wednesday, April 20th. Finally, Jefferies Group restated a “buy” rating and set a $118.00 price target on shares of SL Green Realty Corp. in a report on Wednesday, April 27th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. SL Green Realty Corp. currently has a consensus rating of “Buy” and a consensus price target of $109.36.

The company has a market capitalization of $10.62 billion and a price-to-earnings ratio of 42.60. The company’s 50-day moving average price is $101.48 and its 200 day moving average price is $99.06.

SL Green Realty Corp. (NYSE:SLG) last issued its quarterly earnings data on Wednesday, April 20th. The real estate investment trust reported $1.85 EPS for the quarter, topping analysts’ consensus estimates of $1.65 by $0.20. During the same quarter in the previous year, the business earned $1.51 earnings per share. The company had revenue of $455.40 million for the quarter, compared to analyst estimates of $331.19 million. The company’s revenue was up 14.9% on a year-over-year basis. On average, equities research analysts forecast that SL Green Realty Corp. will post $8.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be issued a dividend of $0.72 per share. The ex-dividend date of this dividend is Tuesday, June 28th. This represents a $2.88 dividend on an annualized basis and a dividend yield of 2.72%.

In related news, insider Andrew S. Levine sold 38,000 shares of the firm’s stock in a transaction on Tuesday, April 26th. The shares were sold at an average price of $105.81, for a total transaction of $4,020,780.00. Following the sale, the insider now directly owns 53,930 shares in the company, valued at $5,706,333.30. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John S. Levy sold 12,000 shares of the firm’s stock in a transaction on Monday, April 25th. The stock was sold at an average price of $105.39, for a total transaction of $1,264,680.00. Following the sale, the director now owns 21,827 shares in the company, valued at $2,300,347.53. The disclosure for this sale can be found here.

Several large investors recently modified their holdings of SLG. Oregon Public Employees Retirement Fund raised its stake in shares of SL Green Realty Corp. by 0.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 10,700 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 100 shares during the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of SL Green Realty Corp. by 0.5% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 172,024 shares of the real estate investment trust’s stock valued at $19,616,000 after buying an additional 809 shares during the last quarter. Bank of Montreal Can raised its stake in shares of SL Green Realty Corp. by 4.9% in the fourth quarter. Bank of Montreal Can now owns 20,764 shares of the real estate investment trust’s stock valued at $2,346,000 after buying an additional 961 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of SL Green Realty Corp. by 3.8% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 26,537 shares of the real estate investment trust’s stock valued at $2,998,000 after buying an additional 975 shares during the last quarter. Finally, Gulf International Bank UK Ltd raised its stake in shares of SL Green Realty Corp. by 3.8% in the fourth quarter. Gulf International Bank UK Ltd now owns 28,931 shares of the real estate investment trust’s stock valued at $3,269,000 after buying an additional 1,060 shares during the last quarter.

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

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