Nikko Asset Management Americas Inc. acquired a new stake in SL Green Realty Corporation (NYSE:SLG) during the third quarter, Holdings Channel reports. The firm acquired 4,200 shares of the real estate investment trust’s stock, valued at approximately $454,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advantus Capital Management Inc raised its position in SL Green Realty Corporation by 9.8% in the second quarter. Advantus Capital Management Inc now owns 314,046 shares of the real estate investment trust’s stock valued at $33,436,000 after buying an additional 27,900 shares in the last quarter. Conning Inc. raised its position in SL Green Realty Corporation by 0.4% in the second quarter. Conning Inc. now owns 2,270 shares of the real estate investment trust’s stock valued at $242,000 after buying an additional 10 shares in the last quarter. Orinda Asset Management LLC bought a new position in SL Green Realty Corporation during the third quarter valued at about $2,703,000. Standard Life Investments LTD bought a new position in SL Green Realty Corporation during the third quarter valued at about $7,804,000. Finally, Shinko Asset Management Co. Ltd. raised its position in SL Green Realty Corporation by 85.1% in the second quarter. Shinko Asset Management Co. Ltd. now owns 731,840 shares of the real estate investment trust’s stock valued at $77,919,000 after buying an additional 336,432 shares in the last quarter.

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

SL Green Realty Corporation (NYSE:SLG) traded up 0.27% during midday trading on Friday, hitting $106.46. The stock had a trading volume of 532,652 shares. The company’s 50 day moving average price is $108.02 and its 200-day moving average price is $108.88. SL Green Realty Corporation has a 52 week low of $80.12 and a 52 week high of $120.63. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 36.58 and a beta of 1.22.

SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, October 19th. The real estate investment trust reported $1.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $1.65. SL Green Realty Corporation had a net margin of 16.04% and a return on equity of 3.85%. The company earned $416.68 million during the quarter, compared to analysts’ expectations of $12 million. During the same quarter last year, the business earned $1.65 EPS. The business’s revenue was down 8.8% on a year-over-year basis. Equities analysts anticipate that SL Green Realty Corporation will post $2.06 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be paid a $0.72 dividend. This represents a $2.88 annualized dividend and a dividend yield of 2.71%. The ex-dividend date is Thursday, December 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is presently 106.53%.

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Several research analysts have issued reports on SLG shares. TheStreet upgraded SL Green Realty Corporation from a “hold” rating to a “buy” rating in a research note on Monday, November 21st. Jefferies Group lowered SL Green Realty Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $119.00 to $117.00 in a research note on Thursday, December 8th. Deutsche Bank AG lowered SL Green Realty Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $126.00 to $112.00 in a research note on Monday. KeyCorp upgraded SL Green Realty Corporation to an “overweight” rating in a research note on Wednesday, December 21st. Finally, Stifel Nicolaus lowered SL Green Realty Corporation from a “buy” rating to a “hold” rating and lowered their target price for the company from $125.00 to $95.00 in a research note on Monday, October 24th. Ten investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $115.06.

In other news, CEO Marc Holliday sold 141,000 shares of the firm’s stock in a transaction on Thursday, December 22nd. The shares were sold at an average price of $108.61, for a total value of $15,314,010.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew J. Diliberto sold 9,100 shares of the firm’s stock in a transaction on Tuesday, December 13th. The stock was sold at an average price of $112.69, for a total transaction of $1,025,479.00. The disclosure for this sale can be found here. 3.09% of the stock is currently owned by insiders.

About SL Green Realty Corporation

SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area.

5 Day Chart for NYSE:SLG

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