Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of SL Green Realty Corp (NYSE:SLG) by 63.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,570 shares of the real estate investment trust’s stock after selling 123,455 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.09% of SL Green Realty worth $7,078,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of SLG. FMR LLC raised its stake in shares of SL Green Realty by 12.0% during the third quarter. FMR LLC now owns 5,189,470 shares of the real estate investment trust’s stock valued at $506,128,000 after purchasing an additional 554,789 shares during the period. JPMorgan Chase & Co. raised its stake in shares of SL Green Realty by 300.0% during the third quarter. JPMorgan Chase & Co. now owns 681,159 shares of the real estate investment trust’s stock valued at $66,434,000 after purchasing an additional 510,858 shares during the period. Advisors Asset Management Inc. raised its stake in shares of SL Green Realty by 2,613.6% during the second quarter. Advisors Asset Management Inc. now owns 337,387 shares of the real estate investment trust’s stock valued at $1,207,000 after purchasing an additional 324,954 shares during the period. Bank of America Corp DE raised its stake in shares of SL Green Realty by 231.3% during the second quarter. Bank of America Corp DE now owns 454,967 shares of the real estate investment trust’s stock valued at $45,739,000 after purchasing an additional 317,654 shares during the period. Finally, Cambiar Investors LLC purchased a new stake in shares of SL Green Realty during the third quarter valued at approximately $30,660,000.

A number of research firms have recently weighed in on SLG. ValuEngine raised shares of SL Green Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, October 24th. TheStreet downgraded shares of SL Green Realty from a “b-” rating to a “c+” rating in a research report on Friday, November 2nd. Deutsche Bank raised their price target on shares of SL Green Realty from $111.00 to $114.00 and gave the stock a “hold” rating in a research report on Wednesday, August 29th. JPMorgan Chase & Co. decreased their price target on shares of SL Green Realty from $107.00 to $106.00 and set a “neutral” rating for the company in a research report on Wednesday, October 24th. Finally, Robert W. Baird downgraded shares of SL Green Realty from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $109.00 to $103.00 in a research report on Tuesday, October 23rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. SL Green Realty currently has a consensus rating of “Hold” and an average price target of $108.27.

SLG stock opened at $93.23 on Friday. SL Green Realty Corp has a twelve month low of $89.46 and a twelve month high of $106.54. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.93 and a quick ratio of 1.93. The company has a market cap of $8.16 billion, a PE ratio of 14.41, a P/E/G ratio of 3.22 and a beta of 1.09.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, October 17th. The real estate investment trust reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.69 by ($0.66). SL Green Realty had a return on equity of 5.05% and a net margin of 26.46%. The company had revenue of $250.87 million for the quarter, compared to analyst estimates of $242.18 million. During the same period in the previous year, the business posted $1.49 EPS. The firm’s quarterly revenue was down 21.5% compared to the same quarter last year. On average, analysts anticipate that SL Green Realty Corp will post 6.65 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Wednesday, January 2nd will be given a dividend of $0.85 per share. The ex-dividend date of this dividend is Monday, December 31st. This represents a $3.40 dividend on an annualized basis and a dividend yield of 3.65%. This is an increase from SL Green Realty’s previous quarterly dividend of $0.81. SL Green Realty’s dividend payout ratio (DPR) is presently 50.39%.

In other SL Green Realty news, CFO Matthew J. Diliberto sold 3,967 shares of SL Green Realty stock in a transaction on Friday, October 26th. The shares were sold at an average price of $92.07, for a total value of $365,241.69. Following the completion of the transaction, the chief financial officer now owns 36,234 shares of the company’s stock, valued at $3,336,064.38. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Matthew J. Diliberto sold 35,000 shares of SL Green Realty stock in a transaction on Monday, October 29th. The stock was sold at an average price of $92.27, for a total transaction of $3,229,450.00. Following the completion of the transaction, the chief financial officer now directly owns 36,234 shares of the company’s stock, valued at approximately $3,343,311.18. The disclosure for this sale can be found here. 3.65% of the stock is currently owned by company insiders.

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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 September 30, 2018, SL Green held interests in 106 Manhattan buildings totaling 46.4 million square feet.

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

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