Northern Trust Corp lifted its stake in SL Green Realty Corporation (NYSE:SLG) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 1,586,575 shares of the real estate investment trust’s stock after purchasing an additional 28,692 shares during the quarter. Northern Trust Corp owned about 1.61% of SL Green Realty Corporation worth $167,860,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of SL Green Realty Corporation in the first quarter valued at approximately $203,000. Achmea Investment Management B.V. acquired a new stake in SL Green Realty Corporation during the first quarter worth $224,000. BB&T Securities LLC acquired a new stake in SL Green Realty Corporation during the second quarter worth $226,000. OppenheimerFunds Inc. increased its stake in SL Green Realty Corporation by 13.0% during the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock worth $228,000 after acquiring an additional 246 shares during the last quarter. Finally, Global X Management Co. LLC increased its stake in SL Green Realty Corporation by 35.1% during the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 557 shares during the last quarter.

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Shares of SL Green Realty Corporation (NYSE SLG) opened at 100.67 on Monday. The stock has a 50 day moving average price of $98.42 and a 200-day moving average price of $103.54. SL Green Realty Corporation has a 52 week low of $93.90 and a 52 week high of $115.34. The firm has a market capitalization of $9.96 billion, a PE ratio of 103.46 and a beta of 1.19.

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

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.775 per share. The ex-dividend date is Friday, September 29th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.08%. SL Green Realty Corporation’s payout ratio is 319.59%.

SLG has been the subject of several recent analyst reports. Morgan Stanley reissued an “equal weight” rating and set a $104.00 target price (down previously from $106.00) on shares of SL Green Realty Corporation in a research note on Friday, September 1st. Citigroup Inc. cut their target price on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating for the company in a research note on Wednesday, July 26th. BidaskClub cut SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Friday, August 11th. Barclays PLC cut their target price on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a research note on Tuesday, August 1st. Finally, ValuEngine cut SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $116.15.

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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