Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Buys 2,582 Shares of SL Green Realty Corp (NYSE:SLG)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in SL Green Realty Corp (NYSE:SLG) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,244 shares of the real estate investment trust’s stock after acquiring an additional 2,582 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in SL Green Realty were worth $2,967,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in shares of SL Green Realty by 349.3% in the fourth quarter. Victory Capital Management Inc. now owns 5,306 shares of the real estate investment trust’s stock valued at $488,000 after buying an additional 4,125 shares during the period. Advisory Services Network LLC boosted its holdings in SL Green Realty by 7,082.3% during the fourth quarter. Advisory Services Network LLC now owns 8,906 shares of the real estate investment trust’s stock worth $819,000 after purchasing an additional 8,782 shares during the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in SL Green Realty by 254.1% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 31,707 shares of the real estate investment trust’s stock worth $2,930,000 after purchasing an additional 22,753 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in SL Green Realty by 0.9% during the fourth quarter. State Board of Administration of Florida Retirement System now owns 120,633 shares of the real estate investment trust’s stock worth $11,084,000 after purchasing an additional 1,060 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in SL Green Realty by 23.4% during the fourth quarter. First Trust Advisors LP now owns 41,154 shares of the real estate investment trust’s stock worth $3,781,000 after purchasing an additional 7,811 shares during the last quarter. 98.89% of the stock is owned by institutional investors.

Several research analysts recently commented on SLG shares. Barclays increased their target price on shares of SL Green Realty from $107.00 to $109.00 and gave the stock an “overweight” rating in a report on Tuesday, January 14th. Goldman Sachs Group started coverage on shares of SL Green Realty in a report on Friday, November 8th. They set a “buy” rating and a $96.00 target price for the company. Bank of America upgraded shares of SL Green Realty from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a report on Wednesday, December 11th. ValuEngine upgraded shares of SL Green Realty from a “sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Citigroup increased their target price on shares of SL Green Realty from $97.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. SL Green Realty currently has an average rating of “Hold” and an average target price of $94.53.

Shares of SLG stock opened at $95.04 on Friday. The stock has a market cap of $7.53 billion, a P/E ratio of 30.86, a P/E/G ratio of 3.11 and a beta of 1.15. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.62 and a quick ratio of 1.65. The company has a fifty day moving average price of $92.21 and a two-hundred day moving average price of $85.06. SL Green Realty Corp has a one year low of $75.46 and a one year high of $96.39.

SL Green Realty Profile

SL Green Realty Corp., an S&P 500 company and New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of March 31, 2019, SL Green held interests in 96 Manhattan buildings totaling 46.4 million square feet.

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

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