Sei Investments Co. grew its stake in SL Green Realty Corp (NYSE:SLG) by 28.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,415 shares of the real estate investment trust’s stock after acquiring an additional 14,673 shares during the period. Sei Investments Co. owned 0.08% of SL Green Realty worth $6,676,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Boston Partners lifted its position in shares of SL Green Realty by 2.3% in the 1st quarter. Boston Partners now owns 2,335,148 shares of the real estate investment trust’s stock worth $226,112,000 after purchasing an additional 52,143 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of SL Green Realty by 2.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,558,273 shares of the real estate investment trust’s stock worth $150,888,000 after purchasing an additional 37,623 shares during the period. Legal & General Group Plc lifted its position in shares of 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 worth $84,608,000 after purchasing an additional 31,794 shares during the period. Russell Investments Group Ltd. lifted its position in shares of SL Green Realty by 8.5% in the 1st quarter. Russell Investments Group Ltd. now owns 707,740 shares of the real estate investment trust’s stock worth $68,566,000 after purchasing an additional 55,404 shares during the period. Finally, Madison International Realty Holdings LLC lifted its position in shares of SL Green Realty by 25.7% in the 1st quarter. Madison International Realty Holdings LLC now owns 646,723 shares of the real estate investment trust’s stock worth $62,622,000 after purchasing an additional 132,066 shares during the period.

In related news, President Andrew W. Mathias sold 65,000 shares of the stock in a transaction that occurred on 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 sale, the president now owns 277,720 shares of the company’s stock, valued at $29,255,024.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.65% of the company’s stock.

NYSE:SLG opened at $103.19 on Friday. SL Green Realty Corp has a 52 week low of $89.46 and a 52 week high of $106.54. The company has a debt-to-equity ratio of 0.91, a current ratio of 2.73 and a quick ratio of 2.73. The company has a market cap of $8.96 billion, a P/E ratio of 16.06, a PEG ratio of 3.21 and a beta of 1.09.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 EPS for the quarter, beating the Zacks’ 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 quarter in the prior year, the company posted $1.78 earnings per share. SL Green Realty’s revenue for the quarter was down 24.4% compared to the same quarter last year. equities analysts anticipate that SL Green Realty Corp will post 6.75 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on SLG shares. ValuEngine cut shares of SL Green Realty from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. Morgan Stanley lowered their price target on shares of SL Green Realty from $104.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, June 14th. BMO Capital Markets reaffirmed a “$100.62” rating and issued a $115.00 price target on shares of SL Green Realty in a research report on Wednesday, July 18th. Citigroup lowered their price target 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. Finally, TheStreet raised shares of SL Green Realty from a “c+” rating to a “b-” rating in a research report on Friday, August 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $110.25.

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

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

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