Cbre Clarion Securities buys $668,303,771 stake in SL Green Realty Corp (SLG)

SL Green Realty Corp (SLG) : Cbre Clarion Securities scooped up 596,868 additional shares in SL Green Realty Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 11, 2016. The investment management firm now holds a total of 5,608,928 shares of SL Green Realty Corp which is valued at $668,303,771.SL Green Realty Corp makes up approximately 5.15% of Cbre Clarion Securities’s portfolio.

Other Hedge Funds, Including , Fort Washington Investment Advisors Inc Oh reduced its stake in SLG by selling 1,000 shares or 19.61% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of SLG which is valued at $488,515. SL Green Realty Corp makes up approx 0.01% of Fort Washington Investment Advisors Inc Oh’s portfolio.Norinchukin Bank The boosted its stake in SLG in the latest quarter, The investment management firm added 101 additional shares and now holds a total of 2,198 shares of SL Green Realty Corp which is valued at $261,210. SL Green Realty Corp makes up approx 0.01% of Norinchukin Bank The’s portfolio. Forsta Ap-fonden added SLG to its portfolio by purchasing 43,500 company shares during the most recent quarter which is valued at $5,169,540. SL Green Realty Corp makes up approx 0.15% of Forsta Ap-fonden’s portfolio.Hosking Partners Llp boosted its stake in SLG in the latest quarter, The investment management firm added 43,459 additional shares and now holds a total of 333,055 shares of SL Green Realty Corp which is valued at $38,727,635. SL Green Realty Corp makes up approx 1.51% of Hosking Partners Llp’s portfolio.

SL Green Realty Corp closed down -0.24 points or -0.21% at $115.95 with 4,39,729 shares getting traded on Tuesday. Post opening the session at $116.81, the shares hit an intraday low of $115.95 and an intraday high of $116.81 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, SL Green Realty Corp reported $3.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.23 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $3.16. The company had revenue of $465.43 million for the quarter, compared to analysts expectations of $398.23 million. The company’s revenue was up 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.62 EPS.

Many Wall Street Analysts have commented on SL Green Realty Corp. Company shares were Reiterated by Stifel on Aug 15, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $121 .SL Green Realty Corp was Upgraded by Morgan Stanley to ” Overweight” on Jul 25, 2016. Shares were Downgraded by UBS on Jul 1, 2016 to ” Neutral” and Lowered the Price Target to $ 107 from a previous price target of $115 .

SL Green Realty Corp. is a self-managed real estate investment trust or REIT with in-house capabilities in property management acquisitions and dispositions financing development and redevelopment construction and leasing. It operates two segments: real estate and debt and preferred equity investments. The Company owns interests in commercial office properties in the New York Metropolitan area primarily in midtown Manhattan. The Company also manages an approximately 336201 square foot office building owned by a third party and held debt and preferred equity investments with a book value of approximately $1.4 billion. The Company also invests in well-collateralized debt and preferred equity investments.

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