Sei Investments Co. lowered its position in SL Green Realty Corporation (NYSE:SLG) by 25.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,297 shares of the real estate investment trust’s stock after selling 50,175 shares during the period. Sei Investments Co. owned about 0.15% of SL Green Realty Corporation worth $15,902,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SLG. State of New Jersey Common Pension Fund D raised its position in shares of SL Green Realty Corporation by 5.3% in the second quarter. State of New Jersey Common Pension Fund D now owns 187,750 shares of the real estate investment trust’s stock worth $19,864,000 after buying an additional 9,500 shares during the period. Great West Life Assurance Co. Can raised its position in shares of SL Green Realty Corporation by 7.5% in the second quarter. Great West Life Assurance Co. Can now owns 140,175 shares of the real estate investment trust’s stock worth $14,814,000 after buying an additional 9,769 shares during the period. Paragon Capital Management Ltd acquired a new position in shares of SL Green Realty Corporation during the second quarter worth approximately $246,000. Parametrica Management Ltd acquired a new position in shares of SL Green Realty Corporation during the second quarter worth approximately $244,000. Finally, PGGM Investments raised its position in shares of SL Green Realty Corporation by 2.4% in the second quarter. PGGM Investments now owns 1,944,802 shares of the real estate investment trust’s stock worth $205,760,000 after buying an additional 46,000 shares during the period.

SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $1.54. The firm 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%.

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 17th. Shareholders of record on Friday, June 30th were issued a $0.775 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $3.10 annualized dividend and a yield of 3.02%. SL Green Realty Corporation’s dividend payout ratio is presently 319.59%.

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A number of brokerages have recently commented on SLG. Stifel Nicolaus reiterated a “hold” rating and set a $112.00 price target on shares of SL Green Realty Corporation in a report on Thursday. Jefferies Group LLC reiterated a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a report on Thursday. Barclays PLC cut their price target on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. BidaskClub lowered SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Citigroup Inc. cut their price target on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company in a report on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $117.62.

In other SL Green Realty Corporation news, Director John H. Alschuler, Jr. sold 6,000 shares of SL Green Realty Corporation stock in a transaction 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 completion of the transaction, the director now directly owns 7,196 shares of the company’s stock, valued at approximately $768,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.99% of the stock is owned by insiders.

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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