Private Capital Management Inc. Invests $291,000 in SL Green Realty Corporation (NYSE:SLG)

Private Capital Management Inc. bought a new stake in shares of SL Green Realty Corporation (NYSE:SLG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,750 shares of the real estate investment trust’s stock, valued at approximately $291,000.

Several other institutional investors have also recently bought and sold shares of the stock. Thrivent Financial For Lutherans increased its position in SL Green Realty Corporation by 0.9% in the first quarter. Thrivent Financial For Lutherans now owns 52,525 shares of the real estate investment trust’s stock valued at $5,600,000 after buying an additional 490 shares during the last quarter. Prudential Financial Inc. increased its position in SL Green Realty Corporation by 212.6% in the first quarter. Prudential Financial Inc. now owns 726,323 shares of the real estate investment trust’s stock valued at $77,440,000 after buying an additional 493,972 shares during the last quarter. Morgan Stanley increased its position in SL Green Realty Corporation by 45.6% in the first quarter. Morgan Stanley now owns 582,759 shares of the real estate investment trust’s stock valued at $62,133,000 after buying an additional 182,647 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in SL Green Realty Corporation during the first quarter valued at approximately $203,000. Finally, State of Alaska Department of Revenue increased its position in SL Green Realty Corporation by 11.3% in the first quarter. State of Alaska Department of Revenue now owns 51,927 shares of the real estate investment trust’s stock valued at $5,535,000 after buying an additional 5,257 shares during the last quarter.

SL Green Realty Corporation (SLG) traded down 1.22% during midday trading on Friday, reaching $96.47. The company’s stock had a trading volume of 600,083 shares. SL Green Realty Corporation has a 12 month low of $93.90 and a 12 month high of $118.87. The stock has a 50-day moving average price of $102.14 and a 200 day moving average price of $105.69. The company has a market cap of $9.55 billion, a PE ratio of 99.15 and a beta of 1.18.

SL Green Realty Corporation (NYSE:SLG) last released its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $1.62 by $1.54. The firm had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. Analysts expect that SL Green Realty Corporation will post $1.59 earnings per share for the current fiscal year.

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Several equities analysts have recently commented on SLG shares. Citigroup Inc. decreased their target price on SL Green Realty Corporation from $129.00 to $125.00 and set a “buy” rating on the stock in a research report on Wednesday, July 26th. Barclays PLC decreased their target price on SL Green Realty Corporation from $110.00 to $109.00 and set an “equal weight” rating on the stock in a research report on Tuesday, August 1st. ValuEngine cut SL Green Realty Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Goldman Sachs Group, Inc. (The) initiated coverage on SL Green Realty Corporation in a research note on Thursday, June 22nd. They issued a “buy” rating and a $121.00 price target for the company. Finally, UBS AG upgraded 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 note on Thursday, July 13th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $116.54.

In other news, Director John H. Alschuler, Jr. sold 6,000 shares of the business’s stock in a transaction on Thursday, June 22nd. The shares were sold at an average price of $106.74, for a total transaction of $640,440.00. Following the completion of the transaction, the director now directly owns 7,196 shares in the company, valued at approximately $768,101.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.09% of the stock is owned by insiders.

About SL Green Realty Corporation

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.

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

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