Illinois Municipal Retirement Fund Takes Position in SL Green Realty Corp (NYSE:SLG)

Illinois Municipal Retirement Fund acquired a new stake in SL Green Realty Corp (NYSE:SLG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 7,181 shares of the real estate investment trust’s stock, valued at approximately $660,000.

Several other institutional investors have also made changes to their positions in the company. State Street Corp boosted its stake in shares of SL Green Realty by 1.7% in the 3rd quarter. State Street Corp now owns 6,315,114 shares of the real estate investment trust’s stock valued at $521,580,000 after purchasing an additional 103,875 shares in the last quarter. Confluence Investment Management LLC purchased a new stake in SL Green Realty during the 4th quarter valued at $112,277,000. California Public Employees Retirement System boosted its position in SL Green Realty by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 506,632 shares of the real estate investment trust’s stock valued at $41,417,000 after buying an additional 44,434 shares during the period. Sumitomo Mitsui Trust Holdings Inc. boosted its position in SL Green Realty by 5.3% during the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 440,372 shares of the real estate investment trust’s stock valued at $40,461,000 after buying an additional 22,063 shares during the period. Finally, LDR Capital Management LLC boosted its position in SL Green Realty by 61.2% during the 4th quarter. LDR Capital Management LLC now owns 392,620 shares of the real estate investment trust’s stock valued at $36,074,000 after buying an additional 149,125 shares during the period. 98.89% of the stock is owned by institutional investors.

Shares of NYSE SLG opened at $95.04 on Friday. The company has a current ratio of 1.62, a quick ratio of 1.65 and a debt-to-equity ratio of 0.98. SL Green Realty Corp has a 12 month low of $75.46 and a 12 month high of $96.39. The firm has a market capitalization of $7.58 billion, a PE ratio of 13.52, a price-to-earnings-growth ratio of 3.13 and a beta of 1.15. The firm has a fifty day simple moving average of $92.21 and a two-hundred day simple moving average of $85.06.

Several equities research analysts have weighed in on SLG shares. Bank of America raised shares of SL Green Realty from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Wednesday, December 11th. Goldman Sachs Group started coverage on shares of SL Green Realty in a research report on Friday, November 8th. They set a “buy” rating and a $96.00 price target for the company. ValuEngine raised shares of SL Green Realty from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Citigroup increased their price target on shares of SL Green Realty from $97.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Finally, SunTrust Banks increased their price target on shares of SL Green Realty from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the stock. SL Green Realty presently has an average rating of “Hold” and a consensus price target of $94.53.

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.

See Also: Why does a company issue an IPO?

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

Receive News & Ratings for SL Green Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SL Green Realty and related companies with MarketBeat.com's FREE daily email newsletter.