SL Green Realty Corporation (NYSE:SLG) – Stock analysts at SunTrust Banks lowered their FY2017 earnings per share (EPS) estimates for shares of SL Green Realty Corporation in a research note issued to investors on Monday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will earn $6.52 per share for the year, down from their prior estimate of $6.57. SunTrust Banks also issued estimates for SL Green Realty Corporation’s FY2019 earnings at $6.59 EPS.

SL Green Realty Corporation (NYSE:SLG) last issued its quarterly earnings data on Wednesday, July 19th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($1.54). The company 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%.

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A number of other research firms have also weighed in on SLG. BMO Capital Markets reiterated a “buy” rating and issued a $127.00 target price on shares of SL Green Realty Corporation in a research note on Tuesday, July 4th. Goldman Sachs Group, Inc. (The) initiated coverage on SL Green Realty Corporation in a research note on Thursday, June 22nd. They set a “buy” rating and a $121.00 price target on the stock. Barclays PLC cut their price target on SL Green Realty Corporation from $111.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 18th. BidaskClub lowered SL Green Realty Corporation from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, Jefferies Group LLC restated a “hold” rating and set a $113.00 price target on shares of SL Green Realty Corporation in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $115.58.

SL Green Realty Corporation (SLG) opened at 104.90 on Thursday. The firm’s 50-day moving average is $99.45 and its 200-day moving average is $102.90. The stock has a market capitalization of $10.38 billion, a P/E ratio of 107.81 and a beta of 1.20. SL Green Realty Corporation has a 12 month low of $93.90 and a 12 month high of $115.34.

A number of large investors have recently made changes to their positions in the business. Brookfield Asset Management Inc. lifted its holdings in SL Green Realty Corporation by 41.6% in the second quarter. Brookfield Asset Management Inc. now owns 1,702,965 shares of the real estate investment trust’s stock valued at $180,174,000 after acquiring an additional 500,665 shares during the period. Lord Abbett & CO. LLC increased its position in shares of SL Green Realty Corporation by 1.6% in the second quarter. Lord Abbett & CO. LLC now owns 287,600 shares of the real estate investment trust’s stock valued at $30,428,000 after buying an additional 4,400 shares in the last quarter. Toronto Dominion Bank increased its position in shares of SL Green Realty Corporation by 27.0% in the second quarter. Toronto Dominion Bank now owns 34,482 shares of the real estate investment trust’s stock valued at $3,647,000 after buying an additional 7,335 shares in the last quarter. WINTON GROUP Ltd increased its position in shares of SL Green Realty Corporation by 54.4% in the second quarter. WINTON GROUP Ltd now owns 5,739 shares of the real estate investment trust’s stock valued at $607,000 after buying an additional 2,023 shares in the last quarter. Finally, Koch Industries Inc. purchased a new stake in shares of SL Green Realty Corporation in the second quarter valued at approximately $316,000.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.775 per share. This represents a $3.10 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date is Friday, September 29th. SL Green Realty Corporation’s dividend payout ratio (DPR) is 319.59%.

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.

Earnings History and Estimates for SL Green Realty Corporation (NYSE:SLG)

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