State of Tennessee Treasury Department boosted its position in SL Green Realty Corporation (NYSE:SLG) by 1.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 27,852 shares of the real estate investment trust’s stock after purchasing an additional 375 shares during the period. State of Tennessee Treasury Department’s holdings in SL Green Realty Corporation were worth $2,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Commerzbank Aktiengesellschaft FI purchased a new position in shares of SL Green Realty Corporation during the first quarter worth approximately $289,000. First Trust Advisors LP increased its position in shares of SL Green Realty Corporation by 1.8% during the first quarter. First Trust Advisors LP now owns 85,645 shares of the real estate investment trust’s stock worth $9,131,000 after acquiring an additional 1,554 shares during the period. Advisors Asset Management Inc. increased its position in shares of SL Green Realty Corporation by 564.4% during the first quarter. Advisors Asset Management Inc. now owns 7,395 shares of the real estate investment trust’s stock worth $788,000 after acquiring an additional 6,282 shares during the period. Comerica Bank increased its position in shares of SL Green Realty Corporation by 2.8% during the first quarter. Comerica Bank now owns 28,508 shares of the real estate investment trust’s stock worth $2,997,000 after acquiring an additional 785 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of SL Green Realty Corporation by 13.3% during the first quarter. UBS Asset Management Americas Inc. now owns 468,411 shares of the real estate investment trust’s stock worth $49,942,000 after acquiring an additional 54,833 shares during the period.

A number of equities analysts have recently commented on SLG shares. Morgan Stanley reaffirmed an “equal weight” rating and set a $104.00 target price (down from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. Barclays PLC reduced their target price on shares of SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 18th. Goldman Sachs Group, Inc. (The) started coverage on shares of SL Green Realty Corporation in a research report on Thursday, June 22nd. They set a “buy” rating and a $121.00 target price on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $127.00 target price on shares of SL Green Realty Corporation in a research report on Tuesday, July 4th. Finally, ValuEngine lowered shares of SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $116.31.

SL Green Realty Corporation (NYSE SLG) opened at 98.44 on Friday. The company’s 50-day moving average is $98.76 and its 200 day moving average is $103.89. The stock has a market capitalization of $9.74 billion, a price-to-earnings ratio of 101.17 and a beta of 1.19. SL Green Realty Corporation has a one year low of $93.90 and a one year high of $115.34.

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

In other SL Green Realty Corporation news, Director John H. Alschuler, Jr. sold 6,000 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 7,196 shares in the company, valued at approximately $768,101.04. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.09% of the stock is owned by corporate insiders.

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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.

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

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