Pioneer Investment Management Inc. bought a new stake in SL Green Realty Corporation (NYSE:SLG) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 201,027 shares of the real estate investment trust’s stock, valued at approximately $21,269,000.

Several other large investors also recently modified their holdings of the company. Tudor Investment Corp ET AL bought a new stake in shares of SL Green Realty Corporation during the first quarter valued at approximately $203,000. Achmea Investment Management B.V. bought a new stake in shares of SL Green Realty Corporation during the first quarter valued at approximately $224,000. OppenheimerFunds Inc. raised its stake in shares of SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 246 shares during the last quarter. Global X Management Co. LLC raised its stake in shares of SL Green Realty Corporation by 35.1% in the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 557 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of SL Green Realty Corporation during the first quarter valued at approximately $232,000.

SL Green Realty Corporation (NYSE:SLG) opened at 100.03 on Friday. SL Green Realty Corporation has a 52 week low of $93.90 and a 52 week high of $120.63. The firm has a market cap of $9.84 billion, a P/E ratio of 102.81 and a beta of 1.18. The company has a 50-day moving average of $103.42 and a 200 day moving average of $106.14.

SL Green Realty Corporation (NYSE:SLG) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The firm had revenue of $279.41 million for the quarter, compared to the consensus estimate of $281.40 million. On average, equities analysts predict that SL Green Realty Corporation will post $1.56 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were paid a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.10 annualized dividend and a yield of 3.10%. SL Green Realty Corporation’s dividend payout ratio is currently 319.59%.

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Several brokerages have commented on SLG. Barclays PLC decreased their target price on shares of SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 1st. Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, August 3rd. Jefferies Group LLC reaffirmed a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, August 3rd. BidaskClub raised SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Monday, July 24th. Finally, UBS AG raised SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target for the company in a research note on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. SL Green Realty Corporation currently has an average rating of “Hold” and a consensus target price of $117.62.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the firm’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $106.74, for a total transaction of $640,440.00. Following the completion of the transaction, the director now owns 7,196 shares of the company’s stock, valued at $768,101.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.09% of the company’s stock.

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

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