Daiwa Securities Group Inc. lowered its holdings in SL Green Realty Corp (NYSE:SLG) by 10.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,527 shares of the real estate investment trust’s stock after selling 2,000 shares during the period. Daiwa Securities Group Inc.’s holdings in SL Green Realty were worth $1,433,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Marshall Wace North America L.P. acquired a new position in shares of SL Green Realty in the 1st quarter valued at approximately $72,000. Pensionfund DSM Netherlands raised its position in shares of SL Green Realty by 10.5% in the 2nd quarter. Pensionfund DSM Netherlands now owns 44,123 shares of the real estate investment trust’s stock valued at $3,546,000 after buying an additional 4,200 shares in the last quarter. Pensionfund Sabic raised its position in shares of SL Green Realty by 13.9% in the 2nd quarter. Pensionfund Sabic now owns 25,357 shares of the real estate investment trust’s stock valued at $2,038,000 after buying an additional 3,100 shares in the last quarter. WINTON GROUP Ltd raised its position in shares of SL Green Realty by 6.4% in the 2nd quarter. WINTON GROUP Ltd now owns 308,104 shares of the real estate investment trust’s stock valued at $24,762,000 after buying an additional 18,530 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its position in shares of SL Green Realty by 5.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 5,469 shares of the real estate investment trust’s stock valued at $440,000 after buying an additional 294 shares in the last quarter. 99.09% of the stock is owned by hedge funds and other institutional investors.

SLG stock opened at $85.62 on Tuesday. The company has a 50 day simple moving average of $82.04 and a 200 day simple moving average of $82.73. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 12.54, a P/E/G ratio of 3.18 and a beta of 1.06. SL Green Realty Corp has a 1 year low of $75.46 and a 1 year high of $97.59. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.65 and a quick ratio of 1.65.

SL Green Realty (NYSE:SLG) last released its quarterly earnings data on Wednesday, October 16th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.73 by ($1.33). The company had revenue of $248.03 million for the quarter, compared to analyst estimates of $243.02 million. SL Green Realty had a return on equity of 3.18% and a net margin of 15.37%. SL Green Realty’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.69 earnings per share. On average, equities research analysts anticipate that SL Green Realty Corp will post 6.95 EPS for the current fiscal year.

The firm also recently announced a — dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.85 per share. This represents a yield of 4.2%. The ex-dividend date was Friday, September 27th. SL Green Realty’s payout ratio is 51.36%.

Several equities analysts have recently commented on SLG shares. Citigroup dropped their target price on shares of SL Green Realty from $105.00 to $100.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Morgan Stanley dropped their target price on shares of SL Green Realty from $84.50 to $78.00 and set an “underweight” rating for the company in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of SL Green Realty from a “hold” rating to a “buy” rating and set a $88.00 target price for the company in a research report on Wednesday, September 11th. SunTrust Banks dropped their target price on shares of SL Green Realty to $100.00 and set a “buy” rating for the company in a research report on Monday, October 21st. They noted that the move was a valuation call. Finally, Stifel Nicolaus cut shares of SL Green Realty from a “buy” rating to a “hold” rating and set a $82.00 price objective for the company. in a research report on Monday, September 30th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $93.49.

SL Green Realty Company Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet.

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

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