SL Green Realty Corporation (NYSE:SLG) Receives Consensus Rating of “Hold” from Brokerages

SL Green Realty Corporation (NYSE:SLGGet Free Report) has earned an average recommendation of “Hold” from the nineteen analysts that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $54.75.

SLG has been the topic of several recent analyst reports. Truist Financial boosted their target price on SL Green Realty from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. LADENBURG THALM/SH SH raised their price target on SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Citigroup reiterated a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a research report on Friday. Piper Sandler set a $79.00 target price on SL Green Realty and gave the stock an “overweight” rating in a report on Friday. Finally, Barclays set a $52.00 price target on SL Green Realty and gave the company an “equal weight” rating in a report on Tuesday.

View Our Latest Stock Analysis on SL Green Realty

Institutional Trading of SL Green Realty

Several hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC raised its position in SL Green Realty by 74.8% in the 1st quarter. AQR Capital Management LLC now owns 26,883 shares of the real estate investment trust’s stock worth $1,519,000 after purchasing an additional 11,506 shares during the last quarter. United Services Automobile Association bought a new position in SL Green Realty in the 1st quarter valued at $253,000. Empowered Funds LLC boosted its position in SL Green Realty by 10.9% in the 1st quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust’s stock valued at $425,000 after buying an additional 722 shares during the last quarter. Creative Planning acquired a new stake in shares of SL Green Realty in the 2nd quarter valued at $421,000. Finally, California Public Employees Retirement System increased its stake in shares of SL Green Realty by 4.6% in the 2nd quarter. California Public Employees Retirement System now owns 131,528 shares of the real estate investment trust’s stock valued at $8,142,000 after buying an additional 5,789 shares during the period. 89.96% of the stock is owned by institutional investors.

SL Green Realty Trading Up 1.9%

Shares of SL Green Realty stock opened at $54.62 on Monday. The stock has a market capitalization of $3.90 billion, a P/E ratio of -20.01 and a beta of 1.58. The company has a quick ratio of 3.03, a current ratio of 3.10 and a debt-to-equity ratio of 1.12. The company has a 50-day simple moving average of $48.91 and a 200 day simple moving average of $44.15. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $66.29.

SL Green Realty (NYSE:SLGGet Free Report) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) EPS for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.21. The firm had revenue of $171.85 million for the quarter, compared to analyst estimates of $179.01 million. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.43%. The company’s revenue for the quarter was up 16.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.63 earnings per share. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Research analysts expect that SL Green Realty will post 4.53 earnings per share for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.6175 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.5%. SL Green Realty’s payout ratio is currently -98.41%.

SL Green Realty Company Profile

(Get Free Report)

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.

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Analyst Recommendations for SL Green Realty (NYSE:SLG)

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