Sei Investments Co. boosted its holdings in SL Green Realty Corporation (NYSE:SLG) by 18.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 177,813 shares of the real estate investment trust’s stock after buying an additional 27,516 shares during the quarter. Sei Investments Co. owned approximately 0.18% of SL Green Realty Corporation worth $18,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its holdings in SL Green Realty Corporation by 0.8% in the 2nd quarter. BlackRock Inc. now owns 9,414,955 shares of the real estate investment trust’s stock valued at $996,102,000 after buying an additional 77,742 shares during the last quarter. Boston Partners raised its holdings in SL Green Realty Corporation by 4.2% in the 2nd quarter. Boston Partners now owns 3,137,553 shares of the real estate investment trust’s stock valued at $331,953,000 after buying an additional 125,928 shares during the last quarter. FMR LLC raised its holdings in SL Green Realty Corporation by 8.9% in the 2nd quarter. FMR LLC now owns 2,846,095 shares of the real estate investment trust’s stock valued at $301,117,000 after buying an additional 232,516 shares during the last quarter. Lasalle Investment Management Securities LLC raised its holdings in SL Green Realty Corporation by 7.5% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,349,685 shares of the real estate investment trust’s stock valued at $248,597,000 after buying an additional 163,813 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in SL Green Realty Corporation by 3.5% in the 3rd quarter. Principal Financial Group Inc. now owns 2,174,791 shares of the real estate investment trust’s stock valued at $220,350,000 after buying an additional 73,119 shares during the last quarter.

SL Green Realty Corporation (NYSE SLG) traded down $0.02 during trading hours on Wednesday, hitting $100.04. 1,008,500 shares of the stock traded hands, compared to its average volume of 739,946. The company has a market cap of $9,832.47, a price-to-earnings ratio of 15.96, a P/E/G ratio of 2.59 and a beta of 1.16. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.38. SL Green Realty Corporation has a 12 month low of $93.92 and a 12 month high of $115.34.

SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $1.57 by ($1.17). The company had revenue of $319.50 million during the quarter, compared to the consensus estimate of $326.70 million. SL Green Realty Corporation had a net margin of 7.70% and a return on equity of 1.54%. During the same quarter in the prior year, the firm earned $1.63 EPS. The business’s revenue was down 4.5% compared to the same quarter last year. equities research analysts anticipate that SL Green Realty Corporation will post 6.44 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 3.10%. The ex-dividend date was Friday, September 29th. SL Green Realty Corporation’s payout ratio is currently 300.97%.

A number of research analysts recently issued reports on SLG shares. Morgan Stanley reiterated an “equal weight” rating and issued a $104.00 price objective (down previously from $106.00) on shares of SL Green Realty Corporation in a report on Friday, September 1st. BMO Capital Markets reiterated a “buy” rating and issued a $125.00 price objective on shares of SL Green Realty Corporation in a report on Thursday, October 19th. Citigroup Inc. dropped their price objective on shares of SL Green Realty Corporation from $125.00 to $123.00 and set a “buy” rating for the company in a report on Monday, October 23rd. Barclays PLC dropped their price objective on shares of SL Green Realty Corporation from $111.00 to $105.00 and set an “equal weight” rating for the company in a report on Wednesday, November 1st. Finally, KeyCorp reiterated a “buy” rating and issued a $130.00 price objective on shares of SL Green Realty Corporation in a report on Friday, August 25th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. SL Green Realty Corporation presently has an average rating of “Hold” and an average price target of $115.00.

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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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