Investec Asset Management LTD grew its position in shares of SL Green Realty Corporation (NYSE:SLG) by 15.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,142 shares of the real estate investment trust’s stock after acquiring an additional 1,600 shares during the quarter. Investec Asset Management LTD’s holdings in SL Green Realty Corporation were worth $1,285,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new position in shares of SL Green Realty Corporation during the first quarter valued at $203,000. Achmea Investment Management B.V. acquired a new position in shares of SL Green Realty Corporation during the first quarter valued at $224,000. BB&T Securities LLC acquired a new position in shares of SL Green Realty Corporation during the second quarter valued at $226,000. OppenheimerFunds Inc. boosted its holdings in shares of SL Green Realty Corporation by 13.0% during the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 246 shares during the period. Finally, Global X Management Co. LLC boosted its holdings in shares of SL Green Realty Corporation by 35.1% during the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 557 shares during the period.

Several brokerages have recently issued reports on SLG. Barclays PLC reduced their price target on shares of 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. Bank of America Corporation downgraded shares of SL Green Realty Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the company from $113.00 to $110.00 in a report on Wednesday, August 16th. BidaskClub downgraded shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. UBS AG raised shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, July 13th. Finally, KeyCorp reissued a “buy” rating and set a $130.00 price target on shares of SL Green Realty Corporation in a report on Friday, August 25th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $116.31.

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Shares of SL Green Realty Corporation (NYSE SLG) opened at 97.72 on Thursday. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $115.34. The company has a 50-day moving average of $98.42 and a 200 day moving average of $103.54. The firm has a market cap of $9.67 billion, a P/E ratio of 100.43 and a beta of 1.19.

SL Green Realty Corporation (NYSE:SLG) last announced its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.54). SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The business had revenue of $279.41 million during the quarter, compared to analyst estimates of $281.40 million. Equities analysts predict that SL Green Realty Corporation will post $1.34 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be paid a $0.775 dividend. The ex-dividend date is Friday, September 29th. This represents a $3.10 dividend on an annualized basis and a dividend yield of 3.17%. SL Green Realty Corporation’s dividend payout ratio (DPR) is presently 319.59%.

SL Green Realty Corporation 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.

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

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