Migdal Insurance & Financial Holdings Ltd. bought a new position in SL Green Realty Corporation (NYSE:SLG) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 130,479 shares of the real estate investment trust’s stock, valued at approximately $13,906,000. Migdal Insurance & Financial Holdings Ltd. owned 0.13% of SL Green Realty Corporation at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in SLG. BlackRock Inc. boosted its holdings in shares of SL Green Realty Corporation by 2,588.7% in the first quarter. BlackRock Inc. now owns 9,337,213 shares of the real estate investment trust’s stock worth $995,533,000 after buying an additional 8,989,935 shares during the period. Brookfield Asset Management Inc. acquired a new position in shares of SL Green Realty Corporation in the first quarter worth about $128,189,000. Standard Life Investments LTD acquired a new position in shares of SL Green Realty Corporation in the second quarter worth about $52,928,000. FMR LLC boosted its holdings in shares of SL Green Realty Corporation by 8.9% in the second quarter. FMR LLC now owns 2,846,095 shares of the real estate investment trust’s stock worth $301,117,000 after buying an additional 232,516 shares during the period. Finally, Aviva PLC boosted its holdings in shares of SL Green Realty Corporation by 353.8% in the second quarter. Aviva PLC now owns 285,184 shares of the real estate investment trust’s stock worth $30,167,000 after buying an additional 222,334 shares during the period.

SL Green Realty Corporation (NYSE SLG) traded up 0.61% during mid-day trading on Friday, hitting $105.01. 861,933 shares of the company traded hands. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $115.34. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 107.92 and a beta of 1.20. The company’s 50-day moving average price is $98.80 and its 200 day moving average price is $102.98.

SL Green Realty Corporation (NYSE:SLG) last posted its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $279.41 million for the quarter, compared to the consensus estimate of $281.40 million. On average, analysts anticipate that SL Green Realty Corporation will post $0.41 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors 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 dividend on an annualized basis and a yield of 2.95%. SL Green Realty Corporation’s payout ratio is 319.59%.

SLG has been the subject of several recent analyst reports. BidaskClub upgraded shares of SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Morgan Stanley cut shares of SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $120.00 to $106.00 in a report on Tuesday, June 13th. Goldman Sachs Group, Inc. (The) initiated coverage on shares of SL Green Realty Corporation in a report on Thursday, June 22nd. They issued a “buy” rating and a $121.00 target price for the company. BMO Capital Markets reiterated a “buy” rating and issued a $127.00 target price on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Finally, UBS AG upgraded shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 target price for the company in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $115.58.

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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.

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

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