Teachers Retirement System of The State of Kentucky Sells 1,500 Shares of SL Green Realty Corporation (NYSE:SLG)

Teachers Retirement System of The State of Kentucky lowered its stake in SL Green Realty Corporation (NYSE:SLG) by 10.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,400 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in SL Green Realty Corporation were worth $1,429,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in SLG. Mason Street Advisors LLC increased its stake in SL Green Realty Corporation by 0.3% in the first quarter. Mason Street Advisors LLC now owns 13,899 shares of the real estate investment trust’s stock worth $1,482,000 after buying an additional 39 shares during the last quarter. Municipal Employees Retirement System of Michigan increased its position in shares of SL Green Realty Corporation by 0.9% in the first quarter. Municipal Employees Retirement System of Michigan now owns 8,570 shares of the real estate investment trust’s stock valued at $914,000 after buying an additional 80 shares in the last quarter. Quantitative Systematic Strategies LLC increased its position in shares of SL Green Realty Corporation by 3.0% in the first quarter. Quantitative Systematic Strategies LLC now owns 2,926 shares of the real estate investment trust’s stock valued at $312,000 after buying an additional 84 shares in the last quarter. Forward Management LLC increased its position in shares of SL Green Realty Corporation by 0.4% in the first quarter. Forward Management LLC now owns 27,446 shares of the real estate investment trust’s stock valued at $2,926,000 after buying an additional 101 shares in the last quarter. Finally, TD Asset Management Inc. increased its position in shares of SL Green Realty Corporation by 0.4% in the first quarter. TD Asset Management Inc. now owns 36,193 shares of the real estate investment trust’s stock valued at $3,859,000 after buying an additional 160 shares in the last quarter.

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Shares of SL Green Realty Corporation (NYSE SLG) traded up 0.78% during trading on Friday, hitting $101.93. 945,613 shares of the stock traded hands. SL Green Realty Corporation has a 12 month low of $93.90 and a 12 month high of $120.63. The company has a 50 day moving average price of $104.53 and a 200 day moving average price of $106.72. The firm has a market cap of $10.03 billion, a price-to-earnings ratio of 104.01 and a beta of 1.18.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings results on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by $1.54. SL Green Realty Corporation had a net margin of 7.20% and a return on equity of 1.43%. The business had revenue of $279.41 million for the quarter, compared to analysts’ expectations of $281.40 million. Analysts anticipate that SL Green Realty Corporation will post $1.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, July 17th. Investors of record on Friday, June 30th were given a dividend of $0.775 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $3.10 annualized dividend and a yield of 3.04%. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.

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Several research analysts have commented on the stock. Barclays PLC lowered their price objective on shares of SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 18th. UBS AG raised shares of SL Green Realty Corporation from a “neutral” rating to a “buy” rating and set a $117.00 target price on the stock in a research note on Thursday, July 13th. BidaskClub cut shares of SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 12th. BMO Capital Markets reissued a “buy” rating and issued a $127.00 price objective on shares of SL Green Realty Corporation in a research note on Tuesday, July 4th. Finally, Goldman Sachs Group, Inc. (The) started coverage on shares of SL Green Realty Corporation in a report on Thursday, June 22nd. They issued a “buy” rating and a $121.00 target price on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $115.67.

In related news, Director John H. Alschuler, Jr. sold 6,000 shares of the business’s stock in a transaction that occurred 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 sale, the director now directly owns 7,196 shares in the company, valued at $768,101.04. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 3.09% of the company’s stock.

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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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