Shares of SL Green Realty Corp. (NYSE:SLG) gapped up prior to trading 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 trading hands.

SLG has been the subject of several recent 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 objective for the company in a research note on Monday, March 21st. Credit Suisse Group AG upgraded shares of SL Green Realty Corp. from an “underperform” rating to a “neutral” rating and cut their target price for the stock from $119.00 to $105.00 in a research 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 $118.00 target price for the company in a research report on Friday, April 22nd. JPMorgan Chase & Co. lifted their target price on shares of SL Green Realty Corp. from $119.00 to $126.00 and gave the stock an “overweight” rating in a research report on Thursday, May 19th. Finally, BMO Capital Markets restated a “buy” rating on shares of SL Green Realty Corp. in a research report on Wednesday, April 20th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $109.36.

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

SL Green Realty Corp. (NYSE:SLG) last announced its earnings results on Wednesday, April 20th. The real estate investment trust reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.20. During the same quarter in the prior year, the company earned $1.51 EPS. The company earned $455.40 million during the quarter, compared to the consensus estimate of $331.19 million. The business’s quarterly revenue was up 14.9% on a year-over-year basis. Analysts anticipate that SL Green Realty Corp. will post $8.09 EPS for the current year.

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

In other news, insider Andrew S. Levine sold 38,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider now owns 53,930 shares in the company, valued at approximately $5,706,333.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director John S. Levy sold 12,000 shares of the firm’s stock in a transaction dated Monday, April 25th. The shares were sold at an average price of $105.39, for a total transaction of $1,264,680.00. Following the transaction, the director now owns 21,827 shares of the company’s stock, valued at approximately $2,300,347.53. The disclosure for this sale can be found here.

Other institutional investors have bought and sold shares of the company. Oregon Public Employees Retirement Fund raised its position in 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 valued at $1,209,000 after buying an additional 100 shares during the period. Bank of Montreal Can raised its position in 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 period. Aberdeen Asset Management PLC UK raised its position in SL Green Realty Corp. by 22.2% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 24,599 shares of the real estate investment trust’s stock valued at $2,934,000 after buying an additional 4,464 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its position in 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 period. Finally, KBC Group raised its position in SL Green Realty Corp. by 41.4% in the third quarter. KBC Group now owns 28,725 shares of the real estate investment trust’s stock valued at $3,106,000 after buying an additional 8,416 shares during the period.

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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