318,798 Shares in SL Green Realty Corporation (NYSE:SLG) Purchased by Koch Industries Inc.

Koch Industries Inc. acquired a new position in shares of SL Green Realty Corporation (NYSE:SLG) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 318,798 shares of the real estate investment trust’s stock, valued at approximately $316,000. Koch Industries Inc. owned about 0.32% of SL Green Realty Corporation at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. Thrivent Financial For Lutherans raised its position in SL Green Realty Corporation by 0.9% in the 1st quarter. Thrivent Financial For Lutherans now owns 52,525 shares of the real estate investment trust’s stock valued at $5,600,000 after purchasing an additional 490 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of SL Green Realty Corporation by 32.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,650 shares of the real estate investment trust’s stock worth $5,041,000 after purchasing an additional 11,735 shares during the period. Paragon Capital Management Ltd acquired a new stake in SL Green Realty Corporation in the 2nd quarter valued at about $246,000. Lasalle Investment Management Securities LLC grew its stake in SL Green Realty Corporation by 7.5% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,349,685 shares of the real estate investment trust’s stock valued at $248,597,000 after acquiring an additional 163,813 shares during the last quarter. Finally, Parametrica Management Ltd acquired a new stake in SL Green Realty Corporation in the 2nd quarter valued at about $244,000.



A number of equities research analysts recently commented on the stock. SunTrust Banks, Inc. set a $115.00 price objective on shares of SL Green Realty Corporation and gave the company a “buy” rating in a research note on Saturday, October 21st. UBS AG upgraded shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price objective on the stock in a report on Thursday, July 13th. BMO Capital Markets reiterated a “buy” rating and set a $127.00 price objective on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. KeyCorp reiterated a “buy” rating and set a $130.00 price objective on shares of SL Green Realty Corporation in a report on Tuesday, September 26th. Finally, Citigroup Inc. cut their price target on shares of SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a report on Wednesday, July 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. SL Green Realty Corporation currently has an average rating of “Hold” and an average price target of $115.29.

Shares of SL Green Realty Corporation (NYSE SLG) traded up 0.08% during midday trading on Friday, hitting $95.96. 106,291 shares of the company were exchanged. The company’s 50 day moving average price is $100.26 and its 200 day moving average price is $102.44. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $115.34. The firm has a market cap of $9.50 billion, a P/E ratio of 98.62 and a beta of 1.20.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.57 by ($1.17). SL Green Realty Corporation had a net margin of 7.70% and a return on equity of 1.51%. The business had revenue of $319.50 million during the quarter, compared to the consensus estimate of $326.70 million. During the same quarter in the previous year, the business posted $1.63 EPS. The company’s revenue for the quarter was down 4.5% on a year-over-year basis. Equities analysts expect that SL Green Realty Corporation will post $0.24 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were paid a $0.775 dividend. The ex-dividend date was Friday, September 29th. This represents a $3.10 annualized dividend and a dividend yield of 3.23%. SL Green Realty Corporation’s payout ratio is 300.97%.

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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.

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

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