Jane Street Group LLC purchased a new stake in SL Green Realty Corp (NYSE:SLG) in the 2nd quarter, Holdings Channel reports. The fund purchased 62,498 shares of the real estate investment trust’s stock, valued at approximately $6,283,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Legal & General Group Plc raised its holdings in SL Green Realty by 3.8% in the 1st quarter. Legal & General Group Plc now owns 873,641 shares of the real estate investment trust’s stock valued at $84,608,000 after acquiring an additional 31,794 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of SL Green Realty by 83.7% during the 1st quarter. Allianz Asset Management GmbH now owns 226,946 shares of the real estate investment trust’s stock worth $21,975,000 after buying an additional 103,371 shares during the last quarter. Twin Capital Management Inc. increased its holdings in shares of SL Green Realty by 40.4% during the 2nd quarter. Twin Capital Management Inc. now owns 23,664 shares of the real estate investment trust’s stock worth $2,379,000 after buying an additional 6,814 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of SL Green Realty during the 2nd quarter worth $931,000. Finally, State Board of Administration of Florida Retirement System increased its holdings in shares of SL Green Realty by 3.1% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 136,483 shares of the real estate investment trust’s stock worth $13,721,000 after buying an additional 4,134 shares during the last quarter.

Shares of SL Green Realty stock opened at $98.57 on Thursday. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.73 and a quick ratio of 2.73. SL Green Realty Corp has a twelve month low of $89.46 and a twelve month high of $106.54. The firm has a market cap of $8.68 billion, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 3.11 and a beta of 1.09.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 earnings per share for the quarter, topping analysts’ consensus estimates of $1.68 by $0.01. SL Green Realty had a net margin of 21.45% and a return on equity of 4.24%. The firm had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $241.47 million. During the same period in the prior year, the company earned $1.78 EPS. The firm’s revenue was down 24.4% on a year-over-year basis. sell-side analysts expect that SL Green Realty Corp will post 6.76 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be given a dividend of $0.8125 per share. The ex-dividend date is Thursday, September 27th. This represents a $3.25 dividend on an annualized basis and a yield of 3.30%. SL Green Realty’s dividend payout ratio (DPR) is 50.39%.

A number of analysts have recently commented on SLG shares. BMO Capital Markets restated a “$100.62” rating and set a $115.00 price objective on shares of SL Green Realty in a report on Wednesday, July 18th. TheStreet upgraded SL Green Realty from a “c+” rating to a “b-” rating in a report on Friday, August 10th. Citigroup dropped their price objective on SL Green Realty from $118.00 to $116.00 and set a “buy” rating for the company in a report on Tuesday, July 24th. Morgan Stanley dropped their price objective on SL Green Realty from $104.00 to $97.00 and set an “equal weight” rating for the company in a report on Thursday, June 14th. Finally, Deutsche Bank upped their price objective on SL Green Realty from $111.00 to $114.00 and gave the stock a “hold” rating in a report on Wednesday, August 29th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. SL Green Realty currently has an average rating of “Hold” and a consensus price target of $110.54.

In other SL Green Realty news, Director John S. Levy sold 1,000 shares of the company’s stock in a transaction dated Wednesday, August 22nd. The shares were sold at an average price of $103.58, for a total value of $103,580.00. Following the completion of the transaction, the director now directly owns 14,827 shares of the company’s stock, valued at approximately $1,535,780.66. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Andrew W. Mathias sold 65,000 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $105.34, for a total transaction of $6,847,100.00. Following the completion of the transaction, the president now directly owns 277,720 shares of the company’s stock, valued at $29,255,024.80. The disclosure for this sale can be found here. 3.65% of the stock is currently owned by corporate insiders.

About SL Green Realty

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 June 30, 2018, SL Green held interests in 116 Manhattan buildings totaling 49.3 million square feet.

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

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