Cbre Clarion Securities LLC trimmed its stake in shares of SL Green Realty Corp (NYSE:SLG) by 92.1% during the 2nd quarter, HoldingsChannel reports. The firm owned 203,496 shares of the real estate investment trust’s stock after selling 2,362,108 shares during the quarter. Cbre Clarion Securities LLC’s holdings in SL Green Realty were worth $20,457,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH lifted its stake in shares of SL Green Realty by 59.5% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 5,900 shares of the real estate investment trust’s stock valued at $571,000 after acquiring an additional 2,200 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH lifted its stake in shares of SL Green Realty by 45.9% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 85,000 shares of the real estate investment trust’s stock valued at $8,294,000 after acquiring an additional 26,760 shares during the period. Dupont Capital Management Corp lifted its stake in shares of SL Green Realty by 73.6% during the first quarter. Dupont Capital Management Corp now owns 52,626 shares of the real estate investment trust’s stock valued at $5,096,000 after acquiring an additional 22,313 shares during the period. Twin Capital Management Inc. lifted its stake in shares of SL Green Realty by 58.2% during the first quarter. Twin Capital Management Inc. now owns 16,850 shares of the real estate investment trust’s stock valued at $1,632,000 after acquiring an additional 6,197 shares during the period. Finally, Commerzbank Aktiengesellschaft FI acquired a new position in shares of SL Green Realty during the first quarter valued at $226,000.

In other SL Green Realty news, President Andrew W. Mathias sold 65,000 shares of the stock in a transaction dated Wednesday, August 8th. The stock was sold at an average price of $105.34, for a total value of $6,847,100.00. Following the transaction, the president now owns 277,720 shares of the company’s stock, valued at $29,255,024.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.65% of the company’s stock.

Several equities analysts have recently issued reports on the company. TheStreet raised SL Green Realty from a “c+” rating to a “b-” rating in a research note on Friday, August 10th. Morgan Stanley cut their price target on SL Green Realty from $104.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Thursday, June 14th. ValuEngine raised SL Green Realty from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. BMO Capital Markets reaffirmed a “$100.62” rating and set a $115.00 price target on shares of SL Green Realty in a research note on Wednesday, July 18th. Finally, Citigroup cut their price target on SL Green Realty from $118.00 to $116.00 and set a “buy” rating on the stock in a research note on Tuesday, July 24th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $110.54.

NYSE:SLG opened at $103.95 on Friday. SL Green Realty Corp has a 1-year low of $89.46 and a 1-year high of $106.54. The company has a current ratio of 2.73, a quick ratio of 2.73 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $8.93 billion, a price-to-earnings ratio of 16.12, a P/E/G ratio of 3.20 and a beta of 1.09.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, July 18th. The real estate investment trust reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.68 by $0.01. SL Green Realty had a return on equity of 4.24% and a net margin of 21.45%. The firm had revenue of $301.10 million for the quarter, compared to analyst estimates of $241.47 million. During the same quarter in the prior year, the firm posted $1.78 earnings per share. The company’s quarterly revenue was down 24.4% on a year-over-year basis. research analysts anticipate that SL Green Realty Corp will post 6.75 EPS for the current year.

About SL Green Realty

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2018, SL Green held interests in 118 Manhattan buildings totaling 49.9 million square feet.

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

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