Russell Investments Group Ltd. raised its stake in shares of SL Green Realty Corp (NYSE:SLG) by 10.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 780,199 shares of the real estate investment trust’s stock after buying an additional 72,459 shares during the period. Russell Investments Group Ltd. owned approximately 0.88% of SL Green Realty worth $78,519,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of SL Green Realty by 1.8% during the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 29,616 shares of the real estate investment trust’s stock valued at $2,977,000 after purchasing an additional 511 shares in the last quarter. Aperio Group LLC boosted its position in shares of SL Green Realty by 3.4% during the 1st quarter. Aperio Group LLC now owns 27,702 shares of the real estate investment trust’s stock valued at $2,682,000 after purchasing an additional 912 shares in the last quarter. Tredje AP fonden boosted its position in shares of SL Green Realty by 11.6% during the 1st quarter. Tredje AP fonden now owns 8,840 shares of the real estate investment trust’s stock valued at $863,000 after purchasing an additional 920 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of SL Green Realty by 4.3% during the 1st quarter. Xact Kapitalforvaltning AB now owns 22,557 shares of the real estate investment trust’s stock valued at $2,184,000 after purchasing an additional 938 shares in the last quarter. Finally, Piedmont Investment Advisors LLC bought a new position in shares of SL Green Realty during the 2nd quarter valued at about $104,000.

In other SL Green Realty news, President Andrew W. Mathias sold 65,000 shares of the firm’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $105.34, for a total value of $6,847,100.00. Following the completion of the transaction, the president now directly owns 277,720 shares in the company, valued at $29,255,024.80. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.65% of the company’s stock.

SLG has been the subject of several research reports. BMO Capital Markets restated a “$100.62” rating and set a $115.00 price objective on shares of SL Green Realty in a research report on Wednesday, July 18th. TheStreet upgraded shares of SL Green Realty from a “c+” rating to a “b-” rating in a research report on Friday, August 10th. Citigroup reduced their price objective on shares of SL Green Realty from $118.00 to $116.00 and set a “buy” rating for the company in a research report on Tuesday, July 24th. Robert W. Baird set a $106.00 price objective on shares of SL Green Realty and gave the company a “buy” rating in a research report on Tuesday, April 24th. Finally, Sandler O’Neill restated a “buy” rating and set a $115.00 price objective on shares of SL Green Realty in a research report on Monday, April 23rd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. SL Green Realty has an average rating of “Hold” and a consensus target price of $110.25.

Shares of SLG opened at $105.86 on Friday. SL Green Realty Corp has a one year low of $89.46 and a one year high of $106.35. The stock has a market capitalization of $8.99 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.22 and a beta of 1.09. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 0.91.

SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 EPS for the quarter, topping the consensus estimate 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 company had revenue of $301.10 million during the quarter, compared to analysts’ expectations of $241.47 million. During the same period last year, the company posted $1.78 earnings per share. The business’s revenue for the quarter was down 24.4% on a year-over-year basis. analysts anticipate that SL Green Realty Corp will post 6.75 earnings per share for the current fiscal year.

SL Green Realty Company Profile

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 March 31, 2018, SL Green held interests in 118 Manhattan buildings totaling 49.9 million square feet.

Featured Article: Trading Penny Stocks

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

Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.