SG Americas Securities LLC raised its stake in SL Green Realty Corporation (NYSE:SLG) by 223.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 62,359 shares of the real estate investment trust’s stock after buying an additional 43,102 shares during the period. SG Americas Securities LLC’s holdings in SL Green Realty Corporation were worth $6,598,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its stake in shares of SL Green Realty Corporation by 2,588.7% in the first quarter. BlackRock Inc. now owns 9,337,213 shares of the real estate investment trust’s stock valued at $995,533,000 after buying an additional 8,989,935 shares in the last quarter. Brookfield Asset Management Inc. acquired a new stake in shares of SL Green Realty Corporation during the first quarter valued at about $128,189,000. Prudential Financial Inc. boosted its stake in shares of SL Green Realty Corporation by 212.6% in the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust’s stock valued at $77,440,000 after buying an additional 493,972 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of SL Green Realty Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 17,792,497 shares of the real estate investment trust’s stock valued at $1,897,036,000 after buying an additional 362,749 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of SL Green Realty Corporation by 12.8% in the first quarter. Boston Partners now owns 3,011,625 shares of the real estate investment trust’s stock valued at $321,099,000 after buying an additional 340,926 shares in the last quarter.

Shares of SL Green Realty Corporation (SLG) opened at 97.66 on Friday. The company has a 50-day moving average of $102.40 and a 200 day moving average of $105.78. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $118.87. The firm has a market cap of $9.67 billion, a PE ratio of 100.37 and a beta of 1.18.

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 (EPS) for the quarter, missing the Zacks’ 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 business had revenue of $279.41 million during the quarter, compared to analyst estimates of $281.40 million. On average, equities research analysts expect that SL Green Realty Corporation will post $1.59 EPS for the current fiscal year.

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SLG has been the topic of several research reports. Barclays PLC reduced their price target on shares of SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Jefferies Group LLC reissued a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a research report on Thursday, April 20th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of SL Green Realty Corporation in a research report on Thursday, June 22nd. They set a “buy” rating and a $121.00 price target on the stock. ValuEngine cut shares of SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Morgan Stanley cut shares of SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $120.00 to $106.00 in a research report on Tuesday, June 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $116.54.

In other SL Green Realty Corporation news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred 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 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 filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.09% of the company’s stock.

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.

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

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