Employees Retirement System of Texas Has $741,000 Position in SL Green Realty Corporation (SLG)

Employees Retirement System of Texas decreased its position in SL Green Realty Corporation (NYSE:SLG) by 74.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,000 shares of the real estate investment trust’s stock after selling 20,000 shares during the quarter. Employees Retirement System of Texas’ holdings in SL Green Realty Corporation were worth $741,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Tudor Investment Corp ET AL acquired a new stake in SL Green Realty Corporation in the first quarter valued at approximately $203,000. Achmea Investment Management B.V. acquired a new stake in SL Green Realty Corporation in the first quarter valued at approximately $224,000. OppenheimerFunds Inc. raised its holdings in SL Green Realty Corporation by 13.0% in the first quarter. OppenheimerFunds Inc. now owns 2,136 shares of the real estate investment trust’s stock valued at $228,000 after acquiring an additional 246 shares in the last quarter. BB&T Securities LLC acquired a new stake in SL Green Realty Corporation in the second quarter valued at approximately $226,000. Finally, Global X Management Co. LLC raised its holdings in SL Green Realty Corporation by 35.1% in the first quarter. Global X Management Co. LLC now owns 2,146 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 557 shares in the last quarter.

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Several brokerages recently weighed in on SLG. BMO Capital Markets reaffirmed a “buy” rating and issued a $127.00 target price on shares of SL Green Realty Corporation in a report on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) began coverage on shares of SL Green Realty Corporation in a report on Thursday, June 22nd. They issued a “buy” rating and a $121.00 target price on the stock. 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 report on Tuesday, July 18th. BidaskClub cut shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st. Finally, Zacks Investment Research cut shares of SL Green Realty Corporation from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. SL Green Realty Corporation has a consensus rating of “Hold” and a consensus target price of $115.58.

SL Green Realty Corporation (NYSE SLG) opened at 102.01 on Wednesday. The stock has a 50 day moving average of $99.88 and a 200-day moving average of $102.87. The firm has a market capitalization of $10.10 billion, a PE ratio of 104.84 and a beta of 1.20. 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 posted its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($1.54). The firm had revenue of $279.41 million for the quarter, compared to analyst estimates 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 $0.24 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were given a dividend of $0.775 per share. This represents a $3.10 annualized dividend and a dividend yield of 3.04%. The ex-dividend date was Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio is currently 319.59%.

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

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