Mitsubishi UFJ Trust & Banking Corp cut its position in shares of SL Green Realty Corp (NYSE:SLG) by 0.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 74,935 shares of the real estate investment trust’s stock after selling 555 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in SL Green Realty were worth $6,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Skandinaviska Enskilda Banken AB publ increased its holdings in shares of SL Green Realty by 114.7% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 70,754 shares of the real estate investment trust’s stock valued at $6,501,000 after purchasing an additional 37,800 shares during the period. MIK Capital LP bought a new position in SL Green Realty during the fourth quarter valued at about $5,746,000. CWS Financial Advisors LLC bought a new position in SL Green Realty during the fourth quarter valued at about $540,000. Brookfield Public Securities Group LLC bought a new position in SL Green Realty during the fourth quarter valued at about $1,452,000. Finally, Amundi Pioneer Asset Management Inc. boosted its stake in SL Green Realty by 23.2% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 496,761 shares of the real estate investment trust’s stock valued at $45,643,000 after buying an additional 93,609 shares in the last quarter. 98.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:SLG traded up $0.57 during midday trading on Thursday, reaching $48.51. The company had a trading volume of 191,323 shares, compared to its average volume of 1,461,072. The company has a debt-to-equity ratio of 0.97, a quick ratio of 1.62 and a current ratio of 1.62. SL Green Realty Corp has a 1-year low of $39.31 and a 1-year high of $96.39. The firm has a market cap of $3.67 billion, a price-to-earnings ratio of 15.81, a price-to-earnings-growth ratio of 2.40 and a beta of 1.23. The company has a fifty day simple moving average of $78.96 and a two-hundred day simple moving average of $84.23.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, January 22nd. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.74 by ($1.52). SL Green Realty had a net margin of 21.83% and a return on equity of 4.56%. The company had revenue of $218.50 million during the quarter, compared to analyst estimates of $216.14 million. Analysts expect that SL Green Realty Corp will post 7.32 EPS for the current year.

The business also recently declared a mar 20 dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.295 dividend. The ex-dividend date of this dividend is Monday, March 30th. SL Green Realty’s dividend payout ratio (DPR) is 50.57%.

Several research analysts recently weighed in on the company. SunTrust Banks decreased their target price on SL Green Realty from $85.00 to $81.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America raised SL Green Realty from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research note on Wednesday, December 11th. ValuEngine cut SL Green Realty from a “hold” rating to a “sell” rating in a research note on Friday, February 21st. Barclays raised their target price on SL Green Realty from $107.00 to $109.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Finally, Citigroup raised their target price on SL Green Realty from $97.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $92.75.

SL Green Realty 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, 2019, SL Green held interests in 96 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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