ProShare Advisors LLC reduced its stake in SL Green Realty Corporation (NYSE:SLG) by 0.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,950 shares of the real estate investment trust’s stock after selling 184 shares during the period. ProShare Advisors LLC’s holdings in SL Green Realty Corporation were worth $4,862,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Somerset Trust Co boosted its stake in shares of SL Green Realty Corporation by 0.5% in the 2nd quarter. Somerset Trust Co now owns 4,052 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 19 shares in the last quarter. Mason Street Advisors LLC boosted its stake in shares of SL Green Realty Corporation by 0.3% in the 1st quarter. Mason Street Advisors LLC now owns 13,899 shares of the real estate investment trust’s stock valued at $1,482,000 after purchasing an additional 39 shares in the last quarter. Keybank National Association OH boosted its stake in shares of SL Green Realty Corporation by 2.3% in the 2nd quarter. Keybank National Association OH now owns 3,533 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 79 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of SL Green Realty Corporation by 0.9% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,570 shares of the real estate investment trust’s stock valued at $914,000 after purchasing an additional 80 shares in the last quarter. Finally, Louisiana State Employees Retirement System boosted its stake in shares of SL Green Realty Corporation by 1.6% in the 2nd quarter. Louisiana State Employees Retirement System now owns 6,300 shares of the real estate investment trust’s stock valued at $667,000 after purchasing an additional 100 shares in the last quarter.

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Several equities research analysts recently commented on SLG shares. Morgan Stanley reiterated an “equal weight” rating and set a $104.00 target price (down from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. Barclays PLC cut 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. BMO Capital Markets cut their target price on shares of SL Green Realty Corporation from $127.00 to $125.00 and set an “outperform” rating on the stock in a research report on Thursday. BidaskClub upgraded shares of SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $113.00 target price on shares of SL Green Realty Corporation in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $116.15.

SL Green Realty Corporation (NYSE SLG) opened at 101.13 on Friday. The firm’s 50-day moving average is $98.42 and its 200 day moving average is $103.54. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 103.94 and a beta of 1.19. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $115.34.

SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.54). The company had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. On average, equities analysts expect that SL Green Realty Corporation will post $1.34 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is presently 319.59%.

SL Green Realty Corporation 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.

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

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