Traders purchased shares of SL Green Realty Corp. (NYSE:SLG) on weakness during trading hours on Wednesday. $28.67 million flowed into the stock on the tick-up and $10.52 million flowed out of the stock on the tick-down, for a money net flow of $18.15 million into the stock. Of all companies tracked, SL Green Realty Corp. had the 20th highest net in-flow for the day. SL Green Realty Corp. traded down ($0.23) for the day and closed at $117.77

Several equities analysts recently weighed in on SLG shares. Zacks Investment Research lowered SL Green Realty Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, April 20th. BMO Capital Markets restated a “buy” rating on shares of SL Green Realty Corp. in a research note on Wednesday, April 20th. Credit Suisse Group AG upgraded SL Green Realty Corp. from an “underperform” rating to a “neutral” rating and cut their price target for the company from $119.00 to $105.00 in a research note on Tuesday, April 12th. JPMorgan Chase & Co. restated a “buy” rating on shares of SL Green Realty Corp. in a research note on Wednesday, July 20th. Finally, Jefferies Group restated a “buy” rating and issued a $118.00 price target on shares of SL Green Realty Corp. in a research note on Wednesday, April 27th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $110.48.

The company’s 50 day moving average is $110.29 and its 200-day moving average is $100.39. The stock has a market cap of $11.81 billion and a PE ratio of 28.01.

SL Green Realty Corp. (NYSE:SLG) last posted its quarterly earnings results on Wednesday, July 20th. The real estate investment trust reported $3.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.29. The firm had revenue of $617.60 million for the quarter, compared to analysts’ expectations of $343.44 million. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.62 earnings per share. On average, equities research analysts forecast that SL Green Realty Corp. will post $8.31 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.72 dividend. The ex-dividend date of this dividend was Tuesday, June 28th. This represents a $2.88 dividend on an annualized basis and a yield of 2.45%.

In other SL Green Realty Corp. news, Director Edwin T. Burton III sold 300 shares of the stock in a transaction dated Thursday, July 28th. The shares were sold at an average price of $116.50, for a total value of $34,950.00. Following the completion of the transaction, the director now directly owns 6,579 shares of the company’s stock, valued at $766,453.50. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Craig M. Hatkoff sold 20,500 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $115.41, for a total transaction of $2,365,905.00. Following the completion of the transaction, the director now directly owns 7,404 shares of the company’s stock, valued at $854,495.64. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently modified their holdings of SLG. Utah Retirement Systems boosted its position in shares of SL Green Realty Corp. by 0.5% in the fourth quarter. Utah Retirement Systems now owns 20,640 shares of the real estate investment trust’s stock worth $2,332,000 after buying an additional 100 shares during the period. Bank of Montreal Can boosted its position 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 worth $2,346,000 after buying an additional 961 shares during the period. Aberdeen Asset Management PLC UK boosted its position in shares of 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 worth $2,934,000 after buying an additional 4,464 shares during the period. KBC Group NV boosted its position in shares of SL Green Realty Corp. by 10.2% in the fourth quarter. KBC Group NV now owns 31,644 shares of the real estate investment trust’s stock worth $3,575,000 after buying an additional 2,919 shares during the period. Finally, American International Group Inc. boosted its position in shares of SL Green Realty Corp. by 3.5% in the fourth quarter. American International Group Inc. now owns 36,460 shares of the real estate investment trust’s stock worth $4,119,000 after buying an additional 1,245 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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