Westpac Banking Corp cut its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 19.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,009 shares of the real estate investment trust’s stock after selling 26,928 shares during the period. Westpac Banking Corp owned 0.12% of SL Green Realty Corporation worth $12,168,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Tudor Investment Corp ET AL purchased a new position in shares of SL Green Realty Corporation during the first quarter valued at approximately $203,000. Achmea Investment Management B.V. purchased a new position in shares of SL Green Realty Corporation during the first quarter valued at approximately $224,000. OppenheimerFunds Inc. increased its position in shares of SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after buying an additional 246 shares during the last quarter. BB&T Securities LLC purchased a new position in shares of SL Green Realty Corporation during the second quarter valued at approximately $226,000. Finally, Global X Management Co. LLC increased its position in shares of SL Green Realty Corporation by 35.1% in the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after buying an additional 557 shares during the last quarter.

Shares of SL Green Realty Corporation (NYSE SLG) opened at 96.53 on Friday. SL Green Realty Corporation has a 12-month low of $93.90 and a 12-month high of $118.87. The company has a market capitalization of $9.55 billion, a P/E ratio of 99.21 and a beta of 1.18. The stock’s 50 day moving average is $100.65 and its 200-day moving average is $104.96.

SL Green Realty Corporation (NYSE:SLG) last issued its earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.62 by $1.54. SL Green Realty Corporation had a return on equity of 1.43% and a net margin of 7.20%. The company had revenue of $279.41 million for the quarter, compared to the consensus estimate of $281.40 million. Analysts anticipate that SL Green Realty Corporation will post $1.34 earnings per share for the current year.

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Several brokerages have commented on SLG. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of SL Green Realty Corporation in a report on Friday, August 25th. Bank of America Corporation downgraded shares of SL Green Realty Corporation from a “buy” rating to a “neutral” rating and cut their price target for the company from $113.00 to $110.00 in a report on Wednesday, August 16th. Barclays PLC cut their price target on shares of SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating for the company in a report on Tuesday, August 1st. BidaskClub downgraded shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Friday, August 11th. Finally, UBS AG raised shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $116.46.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total transaction of $640,440.00. Following the completion of the transaction, the director now owns 7,196 shares in the company, valued at $768,101.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 3.09% of the stock is currently owned by corporate insiders.

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.

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

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