Aperio Group LLC Lowers Stake in SL Green Realty Corporation (SLG)

Aperio Group LLC cut its holdings in shares of SL Green Realty Corporation (NYSE:SLG) by 15.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,675 shares of the real estate investment trust’s stock after selling 4,946 shares during the period. Aperio Group LLC’s holdings in SL Green Realty Corporation were worth $2,804,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. grew its position in shares of SL Green Realty Corporation by 0.8% during the second quarter. BlackRock Inc. now owns 9,414,955 shares of the real estate investment trust’s stock worth $996,102,000 after acquiring an additional 77,742 shares during the last quarter. Boston Partners grew its position in shares of SL Green Realty Corporation by 4.2% during the second quarter. Boston Partners now owns 3,137,553 shares of the real estate investment trust’s stock worth $331,953,000 after acquiring an additional 125,928 shares during the last quarter. FMR LLC grew its position in shares of SL Green Realty Corporation by 8.9% during the second quarter. FMR LLC now owns 2,846,095 shares of the real estate investment trust’s stock worth $301,117,000 after acquiring an additional 232,516 shares during the last quarter. Lasalle Investment Management Securities LLC grew its position in shares of SL Green Realty Corporation by 7.5% during the second quarter. Lasalle Investment Management Securities LLC now owns 2,349,685 shares of the real estate investment trust’s stock worth $248,597,000 after acquiring an additional 163,813 shares during the last quarter. Finally, PGGM Investments grew its position in shares of SL Green Realty Corporation by 4.9% during the third quarter. PGGM Investments now owns 2,039,802 shares of the real estate investment trust’s stock worth $206,673,000 after acquiring an additional 95,000 shares during the last quarter.

SLG has been the subject of several recent research reports. Stifel Nicolaus decreased their price target on SL Green Realty Corporation from $112.00 to $105.00 and set a “hold” rating for the company in a report on Tuesday, October 24th. Zacks Investment Research raised SL Green Realty Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, November 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $104.00 price target (down from $106.00) on shares of SL Green Realty Corporation in a report on Friday, September 1st. Barclays PLC decreased their price target on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. Finally, BMO Capital Markets decreased their price target on SL Green Realty Corporation from $127.00 to $125.00 and set an “outperform” rating for the company in a report on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $115.00.

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Shares of SL Green Realty Corporation (NYSE:SLG) opened at $99.89 on Friday. SL Green Realty Corporation has a fifty-two week low of $93.92 and a fifty-two week high of $115.34. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.11 and a quick ratio of 0.11. The company has a market capitalization of $9,815.79, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 2.58 and a beta of 1.16.

SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $326.70 million. During the same period last year, the business posted $1.63 EPS. SL Green Realty Corporation’s revenue was down 4.5% compared to the same quarter last year. equities research analysts expect that SL Green Realty Corporation will post 6.44 EPS for the current year.

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

About SL Green Realty Corporation

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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