Forward Management LLC Lowers Holdings in SL Green Realty Corporation (SLG)

Forward Management LLC lessened its stake in SL Green Realty Corporation (NYSE:SLG) by 9.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,703 shares of the real estate investment trust’s stock after selling 2,624 shares during the quarter. Forward Management LLC’s holdings in SL Green Realty Corporation were worth $2,503,000 as of its most recent filing with the Securities and Exchange Commission.

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

Shares of SL Green Realty Corporation (SLG) traded up $1.31 during mid-day trading on Monday, hitting $95.46. 267,113 shares of the stock were exchanged, compared to its average volume of 971,520. SL Green Realty Corporation has a twelve month low of $93.90 and a twelve month high of $115.34. The company has a market capitalization of $9,320.00, a price-to-earnings ratio of 15.02, a PEG ratio of 3.22 and a beta of 1.16. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.11 and a current ratio of 0.11.

SL Green Realty Corporation (NYSE:SLG) last announced its quarterly earnings data on Wednesday, October 18th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analysts’ expectations of $326.70 million. During the same period last year, the business posted $1.63 EPS. The company’s revenue was down 4.5% compared to the same quarter last year. equities analysts predict that SL Green Realty Corporation will post 6.45 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Monday, October 2nd were issued a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 3.25%. The ex-dividend date was Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is currently 306.93%.

Several brokerages have recently commented on SLG. SunTrust Banks, Inc. set a $115.00 price target on shares of SL Green Realty Corporation and gave the stock a “buy” rating in a research report on Saturday, October 21st. Barclays PLC lowered their price target on shares of SL Green Realty Corporation from $111.00 to $105.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 1st. UBS AG upgraded shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 price target for the company in a research report on Thursday, July 13th. KeyCorp reiterated a “buy” rating and set a $130.00 price target on shares of SL Green Realty Corporation in a research report on Tuesday, September 26th. Finally, BMO Capital Markets reissued a “buy” rating and set a $125.00 price objective on shares of SL Green Realty Corporation in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $115.00.

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SL Green Realty Corporation 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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