Trading Report: Today, Arizona State Retirement System invests in SL Green Realty Corp. (SLG) Shares

Today, Arizona State Retirement System invests in SL Green Realty Corp. (SLG) Shares

Arizona State Retirement System increased its position in SL Green Realty Corp. (NYSE:SLG) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 24,700 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Arizona State Retirement System’s holdings in SL Green Realty Corp. were worth $2,670,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in SLG. Robeco Institutional Asset Management B.V. boosted its stake in shares of SL Green Realty Corp. by 1,325.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 62,375 shares of the real estate investment trust’s stock valued at $6,641,000 after buying an additional 58,000 shares during the period. Shinko Asset Management Co. Ltd. boosted its stake in shares of SL Green Realty Corp. by 85.1% in the second quarter. Shinko Asset Management Co. Ltd. now owns 731,840 shares of the real estate investment trust’s stock valued at $77,919,000 after buying an additional 336,432 shares during the period. Checchi Capital Advisers LLC boosted its stake 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 valued at $175,000 after buying an additional 167 shares during the period. 1st Global Advisors Inc. boosted its stake in shares of SL Green Realty Corp. by 13.9% in the second quarter. 1st Global Advisors Inc. now owns 7,511 shares of the real estate investment trust’s stock valued at $800,000 after buying an additional 916 shares during the period. Finally, State of Alaska Department of Revenue boosted its stake in shares of SL Green Realty Corp. by 31.5% in the second quarter. State of Alaska Department of Revenue now owns 37,510 shares of the real estate investment trust’s stock valued at $3,993,000 after buying an additional 8,980 shares during the period.

Shares of SL Green Realty Corp. (NYSE:SLG) opened at 105.17 on Friday. The company has a market capitalization of $10.66 billion, a PE ratio of 36.14 and a beta of 1.21. The stock has a 50 day moving average of $102.25 and a 200-day moving average of $107.19. SL Green Realty Corp. has a one year low of $80.12 and a one year high of $120.79.

SL Green Realty Corp. (NYSE:SLG) last announced 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. SL Green Realty Corp. had a net margin of 16.04% and a return on equity of 3.85%. The business earned $416.68 million during the quarter, compared to the consensus estimate of $12 million. During the same quarter last year, the firm earned $1.65 earnings per share. SL Green Realty Corp.’s quarterly revenue was down 8.8% on a year-over-year basis. On average, equities analysts forecast that SL Green Realty Corp. will post $8.30 earnings per share for the current fiscal year.

SLG has been the topic of several analyst reports. BMO Capital Markets reissued a “buy” rating on shares of SL Green Realty Corp. in a research report on Friday, October 21st. Jefferies Group cut their price target on shares of SL Green Realty Corp. from $133.00 to $131.00 and set a “buy” rating on the stock in a research report on Tuesday, August 23rd. Stifel Nicolaus boosted their price target on shares of SL Green Realty Corp. from $121.00 to $125.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. TheStreet raised shares of SL Green Realty Corp. from a “hold” rating to a “buy” rating in a research report on Monday, November 21st. Finally, Deutsche Bank AG cut their price target on shares of SL Green Realty Corp. from $131.00 to $126.00 and set a “buy” rating on the stock in a research report on Tuesday, October 25th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company currently 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.

Related posts

Leave a Comment