Mutual of America Capital Management LLC Increases Holdings in SL Green Realty Corporation (SLG)

Mutual of America Capital Management LLC boosted its stake in SL Green Realty Corporation (NYSE:SLG) by 7.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,400 shares of the real estate investment trust’s stock after acquiring an additional 980 shares during the period. Mutual of America Capital Management LLC’s holdings in SL Green Realty Corporation were worth $1,358,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. raised its position in SL Green Realty Corporation by 0.8% in the second quarter. BlackRock Inc. now owns 9,414,955 shares of the real estate investment trust’s stock worth $996,102,000 after acquiring an additional 77,742 shares during the period. Boston Partners raised its position in SL Green Realty Corporation by 4.2% in the second quarter. Boston Partners now owns 3,137,553 shares of the real estate investment trust’s stock worth $331,953,000 after acquiring an additional 125,928 shares during the period. FMR LLC raised its position in SL Green Realty Corporation by 8.9% in the second quarter. FMR LLC now owns 2,846,095 shares of the real estate investment trust’s stock worth $301,117,000 after acquiring an additional 232,516 shares during the period. Lasalle Investment Management Securities LLC raised its position in SL Green Realty Corporation by 7.5% in the second quarter. Lasalle Investment Management Securities LLC now owns 2,349,685 shares of the real estate investment trust’s stock worth $248,597,000 after acquiring an additional 163,813 shares during the period. Finally, PGGM Investments raised its position in SL Green Realty Corporation by 4.9% in the third quarter. PGGM Investments now owns 2,039,802 shares of the real estate investment trust’s stock worth $206,673,000 after acquiring an additional 95,000 shares during the period.

SLG has been the topic of several research reports. Morgan Stanley reissued an “equal weight” rating and issued a $104.00 price target (down previously from $106.00) on shares of SL Green Realty Corporation in a research report on Friday, September 1st. BMO Capital Markets reissued a “buy” rating and issued a $125.00 price target on shares of SL Green Realty Corporation in a research report on Thursday, October 19th. Citigroup Inc. lowered their price target on shares of SL Green Realty Corporation from $125.00 to $123.00 and set a “buy” rating on the stock in a research report on Monday, October 23rd. KeyCorp reissued a “buy” rating and issued a $130.00 price target on shares of SL Green Realty Corporation in a research report on Friday, August 25th. Finally, BidaskClub lowered shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company’s stock. SL Green Realty Corporation currently has an average rating of “Hold” and an average price target of $115.00.

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SL Green Realty Corporation (NYSE:SLG) last released its earnings results on Wednesday, October 18th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $1.57 by ($1.17). SL Green Realty Corporation had a return on equity of 1.51% and a net margin of 7.70%. The firm had revenue of $319.50 million for the quarter, compared to the consensus estimate of $326.70 million. During the same quarter in the previous year, the business posted $1.63 EPS. SL Green Realty Corporation’s revenue was down 4.5% on a year-over-year basis.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Shareholders of record on Monday, October 2nd were paid a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, September 29th. SL Green Realty Corporation’s payout ratio is 300.97%.

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.

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

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