Stevens Capital Management LP cut its holdings in SL Green Realty Corporation (NYSE:SLG) by 80.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,442 shares of the real estate investment trust’s stock after selling 33,819 shares during the quarter. Stevens Capital Management LP’s holdings in SL Green Realty Corporation were worth $893,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SLG. BlackRock Inc. lifted its position in SL Green Realty Corporation by 2,588.7% in the 1st quarter. BlackRock Inc. now owns 9,337,213 shares of the real estate investment trust’s stock valued at $995,533,000 after acquiring an additional 8,989,935 shares in the last quarter. Brookfield Asset Management Inc. bought a new position in SL Green Realty Corporation in the 1st quarter valued at approximately $128,189,000. Standard Life Investments LTD bought a new position in SL Green Realty Corporation in the 2nd quarter valued at approximately $52,928,000. Vanguard Group Inc. lifted its position in SL Green Realty Corporation by 2.1% in the 1st 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 acquiring an additional 362,749 shares in the last quarter. Finally, Aviva PLC lifted its position in SL Green Realty Corporation by 353.8% in the 2nd quarter. Aviva PLC now owns 285,184 shares of the real estate investment trust’s stock valued at $30,167,000 after acquiring an additional 222,334 shares in the last quarter.

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Shares of SL Green Realty Corporation (NYSE SLG) opened at 100.67 on Monday. SL Green Realty Corporation has a 1-year low of $93.90 and a 1-year high of $115.34. The stock has a market capitalization of $9.96 billion, a price-to-earnings ratio of 103.46 and a beta of 1.19. 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 (NYSE:SLG) last posted its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.54). SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The company had revenue of $279.41 million for the quarter, compared to analyst estimates of $281.40 million. Equities research analysts anticipate that SL Green Realty Corporation will post $1.34 EPS for the current 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. The ex-dividend date of this dividend is Friday, September 29th. This represents a $3.10 annualized dividend and a dividend yield of 3.08%. SL Green Realty Corporation’s payout ratio is currently 319.59%.

Several equities analysts recently issued reports on SLG shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $104.00 price objective (down from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. Barclays PLC lowered their price objective on 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. Goldman Sachs Group, Inc. (The) started coverage on SL Green Realty Corporation in a research report on Thursday, June 22nd. They issued a “buy” rating and a $121.00 price objective on the stock. BMO Capital Markets reaffirmed a “buy” rating and issued a $127.00 price objective on shares of SL Green Realty Corporation in a research report on Tuesday, July 4th. Finally, ValuEngine cut SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. SL Green Realty Corporation has a consensus rating of “Hold” and an average 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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