Ameriprise Financial Inc. lowered its stake in shares of SL Green Realty Corporation (NYSE:SLG) by 7.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 954,572 shares of the real estate investment trust’s stock after selling 74,208 shares during the period. Ameriprise Financial Inc. owned about 0.97% of SL Green Realty Corporation worth $101,007,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Thrivent Financial For Lutherans boosted its holdings in SL Green Realty Corporation by 0.9% during the first quarter. Thrivent Financial For Lutherans now owns 52,525 shares of the real estate investment trust’s stock worth $5,600,000 after buying an additional 490 shares in the last quarter. Parametrica Management Ltd purchased a new stake in SL Green Realty Corporation during the second quarter worth about $244,000. Paragon Capital Management Ltd purchased a new stake in SL Green Realty Corporation during the second quarter worth about $246,000. Prudential Financial Inc. boosted its holdings in SL Green Realty Corporation by 212.6% during the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust’s stock worth $77,440,000 after buying an additional 493,972 shares in the last quarter. Finally, Private Capital Management Inc. purchased a new stake in SL Green Realty Corporation during the second quarter worth about $291,000.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the business’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 value of $640,440.00. Following the completion of the transaction, the director now directly owns 7,196 shares in the company, valued at approximately $768,101.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.09% of the stock is currently owned by insiders.

Shares of SL Green Realty Corporation (NYSE SLG) opened at 98.44 on Friday. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $115.34. The stock has a 50 day moving average of $98.76 and a 200-day moving average of $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 (NYSE:SLG) last announced its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by ($1.54). SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The company had revenue of $279.41 million during the quarter, compared to the consensus estimate of $281.40 million. On average, equities research analysts predict that SL Green Realty Corporation will post $1.34 EPS for the current fiscal year.

A number of analysts recently commented on the stock. BMO Capital Markets reissued a “buy” rating and set a $127.00 price objective on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Bank of America Corporation downgraded shares of SL Green Realty Corporation from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $113.00 to $110.00 in a report on Wednesday, August 16th. Morgan Stanley downgraded shares of SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $120.00 to $106.00 in a report on Tuesday, June 13th. BidaskClub raised shares of SL Green Realty Corporation from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $113.00 price objective on shares of SL Green Realty Corporation in a 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 company’s stock. The company presently has an average rating of “Hold” and an average target price of $116.31.

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SL Green Realty Corporation Company 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.

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

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