State Treasurer State of Michigan raised its position in shares of SL Green Realty Corp. (NYSE:SLG) by 0.6% during the third quarter, Holdings Channel reports. The firm owned 35,000 shares of the real estate investment trust’s stock after buying an additional 200 shares during the period. State Treasurer State of Michigan’s holdings in SL Green Realty Corp. were worth $3,784,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of SLG. Forum Securities Ltd raised its position in shares of SL Green Realty Corp. by 10.0% in the second quarter. Forum Securities Ltd now owns 1,100 shares of the real estate investment trust’s stock worth $117,000 after buying an additional 100 shares during the period. Checchi Capital Advisers LLC raised its position in shares of SL Green Realty Corp. by 11.3% in the second quarter. Checchi Capital Advisers LLC now owns 1,644 shares of the real estate investment trust’s stock worth $175,000 after buying an additional 167 shares during the period. MU Investments Co. Ltd. acquired a new position in shares of SL Green Realty Corp. during the second quarter worth approximately $185,000. Ameritas Investment Partners Inc. acquired a new position in shares of SL Green Realty Corp. during the second quarter worth approximately $211,000. Finally, Norinchukin Bank The raised its position in shares of SL Green Realty Corp. by 4.8% in the second quarter. Norinchukin Bank The now owns 2,198 shares of the real estate investment trust’s stock worth $234,000 after buying an additional 101 shares during the period.

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

Shares of SL Green Realty Corp. (NYSE:SLG) traded up 1.09% during midday trading on Tuesday, hitting $106.03. The stock had a trading volume of 922,960 shares. SL Green Realty Corp. has a one year low of $80.12 and a one year high of $120.79. The company has a market capitalization of $10.74 billion, a PE ratio of 36.44 and a beta of 1.21. The firm’s 50-day moving average is $102.25 and its 200 day moving average is $107.22.

SL Green Realty Corp. (NYSE:SLG) last released its earnings results on Wednesday, October 19th. The real estate investment trust reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $1.65. The company earned $416.68 million during the quarter, compared to the consensus estimate of $12 million. SL Green Realty Corp. had a return on equity of 3.85% and a net margin of 16.04%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.65 earnings per share. Equities analysts expect that SL Green Realty Corp. will post $8.30 earnings per share for the current fiscal year.

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A number of research analysts recently issued reports on SLG shares. BMO Capital Markets reaffirmed a “buy” rating on shares of SL Green Realty Corp. in a report on Friday, October 21st. Jefferies Group lowered their target price on SL Green Realty Corp. from $133.00 to $131.00 and set a “buy” rating on the stock in a report on Tuesday, August 23rd. Stifel Nicolaus lifted their target price on SL Green Realty Corp. from $121.00 to $125.00 and gave the stock a “buy” rating in a report on Monday, August 15th. TheStreet raised SL Green Realty Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Finally, Deutsche Bank AG lowered their target price on SL Green Realty Corp. from $131.00 to $126.00 and set a “buy” rating on the stock in a report on Tuesday, October 25th. Seven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $117.33.

SL Green Realty Corp. Company Profile

SL Green Realty Corp. is a self-managed real estate investment trust, with in-house capabilities in property management, acquisitions and dispositions, financing, development and redevelopment, construction and leasing. The Company acquires, owns, repositions, manages and leases commercial office, retail and multifamily properties in the New York Metropolitan area.

5 Day Chart for NYSE:SLG

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