Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of SL Green Realty Corporation (NYSE:SLG) by 32.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 47,650 shares of the real estate investment trust’s stock after buying an additional 11,735 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in SL Green Realty Corporation were worth $5,041,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in SL Green Realty Corporation by 2.1% in the first quarter. Vanguard Group Inc. now owns 17,792,497 shares of the real estate investment trust’s stock worth $1,897,036,000 after buying an additional 362,749 shares during the period. BlackRock Inc. increased its stake in shares of SL Green Realty Corporation by 2,588.7% in the first quarter. BlackRock Inc. now owns 9,337,213 shares of the real estate investment trust’s stock valued at $995,533,000 after buying an additional 8,989,935 shares during the last quarter. Boston Partners increased its stake in shares of SL Green Realty Corporation by 4.2% in the second quarter. Boston Partners now owns 3,137,553 shares of the real estate investment trust’s stock valued at $331,953,000 after buying an additional 125,928 shares during the last quarter. FMR LLC increased its stake in shares of SL Green Realty Corporation by 2.7% in the first quarter. FMR LLC now owns 2,613,579 shares of the real estate investment trust’s stock valued at $278,661,000 after buying an additional 69,210 shares during the last quarter. Finally, PGGM Investments increased its stake in shares of SL Green Realty Corporation by 2.4% in the second quarter. PGGM Investments now owns 1,944,802 shares of the real estate investment trust’s stock valued at $205,760,000 after buying an additional 46,000 shares during the last quarter.

SL Green Realty Corporation (SLG) opened at 97.11 on Friday. The company has a market cap of $9.61 billion, a PE ratio of 99.80 and a beta of 1.19. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $118.87. The stock has a 50 day moving average price of $100.47 and a 200 day moving average price of $104.86.

SL Green Realty Corporation (NYSE:SLG) last posted 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 business had revenue of $279.41 million during the quarter, compared to analyst estimates of $281.40 million. On average, equities analysts anticipate that SL Green Realty Corporation will post $1.34 EPS for the current fiscal year.

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Several brokerages recently commented on SLG. BMO Capital Markets reaffirmed a “buy” rating and set a $127.00 price objective on shares of SL Green Realty Corporation in a research note on Tuesday, July 4th. Bank of America Corporation downgraded SL Green Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $113.00 to $110.00 in a research note on Wednesday, August 16th. Morgan Stanley downgraded SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $120.00 to $106.00 in a research note on Tuesday, June 13th. BidaskClub raised SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $112.00 price objective on shares of SL Green Realty Corporation in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. SL Green Realty Corporation currently has an average rating of “Hold” and a consensus target price of $116.31.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total value of $640,440.00. Following the sale, the director now owns 7,196 shares in the company, valued at approximately $768,101.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.09% of the company’s stock.

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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