Oppenheimer Asset Management Inc. cut its position in SL Green Realty Corporation (NYSE:SLG) by 25.7% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,872 shares of the real estate investment trust’s stock after selling 2,719 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in SL Green Realty Corporation were worth $833,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of SL Green Realty Corporation in the 1st quarter valued at about $203,000. Achmea Investment Management B.V. acquired a new stake in shares of SL Green Realty Corporation in the 1st quarter valued at about $224,000. OppenheimerFunds Inc. boosted its position in shares of SL Green Realty Corporation by 13.0% in the 1st quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after purchasing an additional 246 shares during the period. BB&T Securities LLC acquired a new stake in shares of SL Green Realty Corporation in the 2nd quarter valued at about $226,000. Finally, Global X Management Co. LLC boosted its position in shares of SL Green Realty Corporation by 35.1% in the 1st quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 557 shares during the period.

In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was 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 directly owns 7,196 shares of the company’s stock, valued at $768,101.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.99% of the stock is currently owned by corporate insiders.

Shares of SL Green Realty Corporation (NYSE:SLG) opened at 96.17 on Wednesday. The firm’s 50-day moving average price is $99.33 and its 200-day moving average price is $104.20. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $115.34. The firm has a market capitalization of $9.52 billion, a PE ratio of 98.84 and a beta of 1.19.

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

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A number of brokerages recently issued reports on SLG. Morgan Stanley reissued an “equal weight” rating and issued a $104.00 target price (down from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. KeyCorp reissued a “buy” rating and issued a $130.00 target price on shares of SL Green Realty Corporation in a research report on Friday, August 25th. Bank of America Corporation cut SL Green Realty Corporation from a “buy” rating to a “neutral” rating and decreased their target price for the company from $113.00 to $110.00 in a research report on Wednesday, August 16th. BidaskClub cut SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $112.00 target price on shares of SL Green Realty Corporation in a research report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have assigned a buy rating to the stock. SL Green Realty Corporation presently has a consensus rating of “Hold” and a consensus target price of $116.31.

SL Green Realty Corporation Profile

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.

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

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