1,202,300 Shares in SL Green Realty Corporation (SLG) Acquired by Brookfield Asset Management Inc.

Brookfield Asset Management Inc. purchased a new position in SL Green Realty Corporation (NYSE:SLG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,202,300 shares of the real estate investment trust’s stock, valued at approximately $128,189,000. SL Green Realty Corporation accounts for about 0.7% of Brookfield Asset Management Inc.’s investment portfolio, making the stock its 23rd largest position. Brookfield Asset Management Inc. owned about 1.18% of SL Green Realty Corporation as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in 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 worth $995,533,000 after buying an additional 8,989,935 shares during the period. Norges Bank purchased a new position in SL Green Realty Corporation during the fourth quarter worth approximately $273,422,000. Prudential Financial Inc. boosted its position in SL Green Realty Corporation by 212.6% in 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 during the period. Vanguard Group Inc. boosted 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. Finally, Boston Partners boosted its position in SL Green Realty Corporation by 12.8% in the first quarter. Boston Partners now owns 3,011,625 shares of the real estate investment trust’s stock worth $321,099,000 after buying an additional 340,926 shares during the period.

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

SL Green Realty Corporation (NYSE:SLG) traded up 0.17% during trading on Tuesday, reaching $105.32. The company had a trading volume of 686,210 shares. The company has a market capitalization of $10.72 billion, a PE ratio of 47.59 and a beta of 1.21. The stock has a 50 day moving average price of $103.80 and a 200-day moving average price of $107.40. SL Green Realty Corporation has a 52-week low of $93.90 and a 52-week high of $120.63.

SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, April 19th. The real estate investment trust reported $1.57 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.57. SL Green Realty Corporation had a net margin of 13.33% and a return on equity of 2.98%. The company had revenue of $377.40 million during the quarter, compared to the consensus estimate of $315.90 million. During the same quarter in the previous year, the firm earned $1.85 EPS. The company’s revenue was down 17.1% on a year-over-year basis. On average, equities research analysts anticipate that SL Green Realty Corporation will post $1.62 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, June 30th will be given a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend is Wednesday, June 28th. SL Green Realty Corporation’s dividend payout ratio is presently 139.64%.

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SLG has been the topic of a number of research reports. Jefferies Group LLC restated a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, April 20th. TheStreet cut SL Green Realty Corporation from a “b-” rating to a “c” rating in a research note on Wednesday, April 19th. Barclays PLC upped their price target on SL Green Realty Corporation from $110.00 to $111.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 19th. Morgan Stanley cut SL Green Realty Corporation from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $120.00 to $106.00 in a research note on Tuesday, June 13th. Finally, ValuEngine lowered SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. One analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $115.60.

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.

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