Todays Report: Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decides to keep it stake in SL Green Realty Corp. (SLG) to the level of $3,376,000

Today, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp decides to keep it stake in SL Green Realty Corp. (SLG) to the level of $3,376,000

Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lowered its stake in SL Green Realty Corp. (NYSE:SLG) by 16.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 31,230 shares of the real estate investment trust’s stock after selling 6,190 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp’s holdings in SL Green Realty Corp. were worth $3,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Shinko Asset Management Co. Ltd. boosted its position in shares of SL Green Realty Corp. by 163.5% in the third quarter. Shinko Asset Management Co. Ltd. now owns 1,928,041 shares of the real estate investment trust’s stock valued at $208,421,000 after buying an additional 1,196,201 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in shares of SL Green Realty Corp. by 23.9% in the second quarter. Daiwa Securities Group Inc. now owns 3,952,856 shares of the real estate investment trust’s stock valued at $420,861,000 after buying an additional 763,037 shares during the last quarter. 1832 Asset Management L.P. boosted its position in shares of SL Green Realty Corp. by 1,222.9% in the second quarter. 1832 Asset Management L.P. now owns 727,600 shares of the real estate investment trust’s stock valued at $130,170,000 after buying an additional 672,600 shares during the last quarter. Cbre Clarion Securities LLC boosted its position in shares of SL Green Realty Corp. by 11.9% in the second quarter. Cbre Clarion Securities LLC now owns 5,608,928 shares of the real estate investment trust’s stock valued at $597,183,000 after buying an additional 596,868 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in shares of SL Green Realty Corp. by 33.7% in the second quarter. Lasalle Investment Management Securities LLC now owns 1,981,905 shares of the real estate investment trust’s stock valued at $211,013,000 after buying an additional 500,036 shares during the last quarter.

Shares of SL Green Realty Corp. (NYSE:SLG) traded down 0.20% during trading on Friday, hitting $105.17. 194,614 shares of the stock were exchanged. The stock has a 50-day moving average of $102.25 and a 200 day moving average of $107.19. The stock has a market cap of $10.66 billion, a P/E ratio of 36.14 and a beta of 1.21. SL Green Realty Corp. has a 12-month low of $80.12 and a 12-month high of $120.79.

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

A number of analysts recently weighed in on the stock. Stifel Nicolaus increased 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 note on Monday, August 15th. Evercore ISI cut shares of SL Green Realty Corp. from a “buy” rating to a “hold” rating and increased their price target for the stock from $122.00 to $124.00 in a research note on Monday, August 15th. BMO Capital Markets increased their price target on shares of SL Green Realty Corp. from $129.00 to $132.00 and gave the stock a “buy” rating in a research note on Friday, August 12th. Jefferies Group decreased their price target on shares of SL Green Realty Corp. from $133.00 to $131.00 and set a “buy” rating for the company in a research note on Tuesday, August 23rd. Finally, Robert W. Baird reiterated an “outperform” rating and set a $131.00 price target on shares of SL Green Realty Corp. in a research note on Friday, August 26th. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price 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.

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