SL Green Realty (NYSE:SLG) Downgraded to “In-Line” Rating by Evercore

Posted by George Bondi on Jul 6th, 2026

SL Green Realty (NYSE:SLG – Get Free Report) was downgraded by investment analysts at Evercore from an “outperform” rating to an “in-line” rating in a research report issued to clients and investors on Monday, Marketbeat reports. They presently have a $56.00 price target on the real estate investment trust’s stock. Evercore’s price objective would indicate a potential upside of 4.92% from the company’s previous close.

A number of other brokerages also recently issued reports on SLG. Weiss Ratings upgraded SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Piper Sandler cut their price target on shares of SL Green Realty from $60.00 to $50.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. Wells Fargo & Company increased their price target on shares of SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Morgan Stanley decreased their price objective on shares of SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating for the company in a report on Tuesday, March 31st. Finally, Deutsche Bank Aktiengesellschaft raised shares of SL Green Realty from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $45.00 to $44.00 in a research report on Wednesday, March 18th. Seven analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.20.

Check Out Our Latest Analysis on SLG

SL Green Realty Stock Performance

SLG stock opened at $53.38 on Monday. The firm has a market cap of $3.81 billion, a PE ratio of -21.26 and a beta of 1.58. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The business has a 50 day moving average of $46.76 and a 200-day moving average of $43.60. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $66.29.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Cohen & Steers Inc. purchased a new stake in shares of SL Green Realty during the fourth quarter worth $121,675,000. Goldman Sachs Group Inc. lifted its stake in SL Green Realty by 62.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock worth $133,862,000 after purchasing an additional 1,117,357 shares in the last quarter. Norges Bank purchased a new stake in SL Green Realty in the 4th quarter worth approximately $44,094,000. M&T Bank Corp bought a new position in SL Green Realty in the 4th quarter valued at $43,201,000. Finally, Victory Capital Management Inc. boosted its stake in SL Green Realty by 535.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,107,618 shares of the real estate investment trust’s stock valued at $50,806,000 after buying an additional 933,272 shares during the period. 89.96% of the stock is currently owned by hedge funds and other institutional investors.

About SL Green Realty

(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.