SL Green Realty Corporation (NYSE:SLG – Get 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
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:SLG – Get 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
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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