Today, 538,939 Shares of SL Green Realty Corp. (SLG) are sold by JPMorgan Chase & Co.

Today, 538,939 Shares of SL Green Realty Corp. (SLG) are sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in SL Green Realty Corp. (NYSE:SLG) by 17.1% during the third quarter, Holdings Channel reports. The fund owned 2,607,351 shares of the real estate investment trust’s stock after selling 538,939 shares during the period. JPMorgan Chase & Co.’s holdings in SL Green Realty Corp. were worth $281,854,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of SLG. Robeco Institutional Asset Management B.V. raised its stake in 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 last quarter. Shinko Asset Management Co. Ltd. raised its stake in 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 last quarter. Checchi Capital Advisers LLC raised its stake in 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 last quarter. 1st Global Advisors Inc. raised its stake in 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 last quarter. Finally, State of Alaska Department of Revenue raised 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 worth $3,993,000 after buying an additional 8,980 shares in the last quarter.

Shares of SL Green Realty Corp. (NYSE:SLG) opened at 104.89 on Tuesday. The company has a 50-day moving average of $102.25 and a 200 day moving average of $107.22. SL Green Realty Corp. has a 52-week low of $80.12 and a 52-week high of $120.79. The company has a market capitalization of $10.63 billion, a PE ratio of 36.04 and a beta of 1.21.

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

A number of analysts recently weighed in on the stock. TheStreet raised shares of SL Green Realty Corp. from a “hold” rating to a “buy” rating in a report on Monday, November 21st. Deutsche Bank AG lowered their price target on shares of SL Green Realty Corp. from $131.00 to $126.00 and set a “buy” rating for the company in a report on Tuesday, October 25th. Stifel Nicolaus lowered shares of SL Green Realty Corp. from a “buy” rating to a “hold” rating and lowered their price target for the company from $125.00 to $95.00 in a report on Monday, October 24th. BMO Capital Markets reissued a “buy” rating on shares of SL Green Realty Corp. in a report on Friday, October 21st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $131.00 price target on shares of SL Green Realty Corp. in a report on Friday, August 26th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $117.33.

About SL Green Realty Corp.

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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