SL Green Realty Corporation (NYSE:SLG – Get Free Report)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $43.28 and traded as high as $43.71. SL Green Realty shares last traded at $42.9940, with a volume of 1,186,475 shares.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on SLG shares. Barclays cut their target price on shares of SL Green Realty from $54.00 to $43.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Weiss Ratings reissued a “sell (d+)” rating on shares of SL Green Realty in a research note on Wednesday, January 21st. Morgan Stanley cut their target price on SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 31st. Citigroup cut their target price on SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Tuesday, March 24th. Finally, BTIG Research cut their target price on SL Green Realty from $75.00 to $70.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, SL Green Realty has an average rating of “Hold” and a consensus price target of $51.15.
View Our Latest Stock Report on SLG
SL Green Realty Price Performance
SL Green Realty Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.6175 per share. This represents a $2.47 dividend on an annualized basis and a dividend yield of 6.0%. The ex-dividend date of this dividend was Tuesday, March 31st. SL Green Realty’s dividend payout ratio (DPR) is presently -98.41%.
Institutional Investors Weigh In On SL Green Realty
Large investors have recently added to or reduced their stakes in the stock. Whittier Trust Co. bought a new position in shares of SL Green Realty during the 3rd quarter valued at $29,000. Triumph Capital Management bought a new position in shares of SL Green Realty during the 3rd quarter valued at $45,000. Davis Capital Management bought a new position in shares of SL Green Realty during the 1st quarter valued at $46,000. Cornerstone Planning Group LLC lifted its holdings in shares of SL Green Realty by 12,114.3% during the 3rd quarter. Cornerstone Planning Group LLC now owns 855 shares of the real estate investment trust’s stock valued at $51,000 after buying an additional 848 shares during the period. Finally, State of Wyoming bought a new position in shares of SL Green Realty during the 3rd quarter valued at $68,000. Institutional investors own 89.96% of the company’s stock.
SL Green Realty Company Profile
SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.
Founded in 1980 by real estate investor Stephen L.
Read More
- Five stocks we like better than SL Green Realty
- From Zepbound to Foundayo: Lilly’s Latest Results Support Oral GLP-1 Outlook
- AI Consolidation Begins: Blackstone & Google Forge an AI Empire
- USA Rare Earth Posts Strong Q1 2026 as Massive Serra Vera Deal Looms
- 3 Space Infrastructure Stocks Gaining Momentum Ahead of the SpaceX IPO
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.
