Aperio Group LLC increased its stake in shares of SL Green Realty (NYSE:SLG) by 3.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 27,702 shares of the real estate investment trust’s stock after purchasing an additional 912 shares during the period. Aperio Group LLC’s holdings in SL Green Realty were worth $2,682,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners raised its position in shares of SL Green Realty by 2.3% during 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 last quarter. Arizona State Retirement System raised its position in shares of SL Green Realty by 5.2% during the 4th quarter. Arizona State Retirement System now owns 54,518 shares of the real estate investment trust’s stock worth $5,503,000 after purchasing an additional 2,691 shares during the last quarter. American Investment Services Inc. acquired a new position in shares of SL Green Realty during the 4th quarter worth about $240,000. MetLife Investment Advisors LLC acquired a new position in shares of SL Green Realty during the 4th quarter worth about $3,069,000. Finally, Teachers Insurance & Annuity Association of America raised its position in shares of SL Green Realty by 9.7% during the 4th quarter. Teachers Insurance & Annuity Association of America now owns 105,521 shares of the real estate investment trust’s stock worth $10,650,000 after purchasing an additional 9,359 shares during the last quarter. Hedge funds and other institutional investors own 99.00% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research upgraded shares of SL Green Realty from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Wednesday, April 11th. BMO Capital Markets reiterated a “buy” rating and issued a $115.00 price objective on shares of SL Green Realty in a report on Tuesday, February 27th. Jefferies Group assumed coverage on shares of SL Green Realty in a report on Monday, February 26th. They issued a “buy” rating for the company. Robert W. Baird set a $106.00 price objective on shares of SL Green Realty and gave the company a “buy” rating in a report on Tuesday, April 24th. Finally, Sandler O’Neill reiterated a “buy” rating and issued a $115.00 price objective on shares of SL Green Realty in a report on Monday, April 23rd. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $112.33.

Shares of SL Green Realty opened at $97.52 on Friday, according to MarketBeat.com. The company has a market cap of $8.45 billion, a PE ratio of 15.12, a PEG ratio of 2.36 and a beta of 1.05. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.72 and a quick ratio of 2.72. SL Green Realty has a 1 year low of $89.46 and a 1 year high of $109.00.

SL Green Realty (NYSE:SLG) last announced its quarterly earnings results on Wednesday, April 18th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($1.10). The firm had revenue of $301.70 million for the quarter, compared to analyst estimates of $295.93 million. SL Green Realty had a return on equity of 2.72% and a net margin of 13.36%. The firm’s quarterly revenue was down 20.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.57 EPS. sell-side analysts expect that SL Green Realty will post 6.75 EPS for the current fiscal year.

In other news, insider Andrew S. Levine sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 8th. The shares were sold at an average price of $100.23, for a total transaction of $1,503,450.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.09% of the stock is owned by company insiders.

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 December 31, 2017, SL Green held interests in 121 Manhattan buildings totaling 50.0 million square feet.

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

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