SL Green Realty (NYSE:SLG) Stock Rating Lowered by Zacks Research

Posted by Stanley Muller on Oct 23rd, 2026

SL Green Realty (NYSE:SLG – Get Free Report) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. upped their price objective on SL Green Realty from $51.00 to $61.00 and gave the company a “neutral” rating in a report on Tuesday, August 25th. Mizuho set a $53.00 target price on SL Green Realty in a report on Tuesday, September 8th. Piper Sandler set a $64.00 target price on shares of SL Green Realty and gave the company an “overweight” rating in a research report on Monday, October 12th. Truist Financial set a $57.00 price target on shares of SL Green Realty and gave the company a “hold” rating in a research note on Monday, August 24th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $60.00 price target (up from $52.00) on shares of SL Green Realty in a research note on Monday, July 27th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, SL Green Realty has an average rating of “Hold” and an average target price of $55.15.

Check Out Our Latest Stock Analysis on SL Green Realty

SL Green Realty Trading Up 6.0%

Shares of NYSE:SLG opened at $49.46 on Wednesday. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $60.09. The business has a 50 day moving average of $52.16 and a 200-day moving average of $49.29. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 1.05. The stock has a market cap of $3.52 billion, a PE ratio of -18.12, a P/E/G ratio of 3.80 and a beta of 1.66.

SL Green Realty (NYSE:SLG – Get Free Report) last announced its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $1.26. The company had revenue of $165.55 million for the quarter, compared to analyst estimates of $176.97 million. SL Green Realty had a negative return on equity of 3.19% and a negative net margin of 12.03%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.58 earnings per share. As a group, equities research analysts forecast that SL Green Realty will post 5.68 earnings per share for the current year.

Insider Buying and Selling at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the completion of the sale, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. This represents a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 5.94% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Integrated Wealth Concepts LLC bought a new stake in SL Green Realty during the second quarter worth about $33,000. Trellis Wealth Advisors LLC acquired a new stake in SL Green Realty during the third quarter worth about $41,000. Global Retirement Partners LLC bought a new position in SL Green Realty in the 2nd quarter valued at about $53,000. Leonteq Securities AG increased its holdings in SL Green Realty by 4,194.0% in the 1st quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,097 shares during the period. Finally, Rosenberg Matthew Hamilton bought a new position in SL Green Realty in the 3rd quarter valued at about $113,000. Institutional investors and hedge funds own 89.96% of the company’s stock.

More SL Green Realty News

Here are the key news stories impacting SL Green Realty this week:

Positive Sentiment: Raised 2026 guidance: SL Green increased its full-year FFO outlook to $6.50–$6.70 per share and net income guidance to $0.40–$0.60 per share. The higher outlook reflects incremental income associated with a substantial property sale, although some of the benefit may be nonrecurring. SL Green Realty Corp. Increases Earnings Guidance
Positive Sentiment: Strong leasing and asset sales: The REIT signed 38 Manhattan office leases totaling 591,108 square feet, lifting same-store office occupancy to 95% as of September 30, including signed leases not yet commenced. It also sold 10 East 53rd Street for $312.2 million and agreed to sell 110 Greene Street for $226 million, supporting liquidity and balance-sheet flexibility. SL Green Reports Q3 EPS and Raises Guidance
Positive Sentiment: Net income surged: Third-quarter net income attributable to common stockholders rose to $1.01 per diluted share from $0.34 a year earlier, while revenue increased year over year. Management’s execution in prime New York City properties is helping SLG outperform during a difficult office-market environment. SL Green Reports Third Quarter 2026 Results
Neutral Sentiment: FFO was essentially in line: Third-quarter FFO came in at $1.59 per share, compared with $1.58 a year earlier and in line with the consensus estimate. SL Green Matches Q3 FFO Estimates
Negative Sentiment: Operating results had drawbacks: Quarterly revenue of approximately $165.6 million was below the $177.0 million consensus estimate, and the higher earnings outlook depends partly on an unpredictable property transaction. JPMorgan maintained a Hold rating, signaling limited conviction in near-term upside. SL Green Receives a Hold from J.P. Morgan

About SL Green Realty

(Get Free Report)

SL Green Realty Corp. (NYSE: SLG) is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City’s prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.