Zacks Research lowered shares of SL Green Realty (NYSE:SLG – Free Report) from a strong-buy rating to a hold rating in a report released on Wednesday morning,Zacks reports.
Other equities research analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SL Green Realty in a research report on Tuesday, August 25th. Wall Street Zen raised SL Green Realty from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. LADENBURG THALM/SH SH upped their target price on SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Morgan Stanley set a $52.00 target price on SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Finally, Piper Sandler set a $64.00 target price on SL Green Realty and gave the stock an “overweight” rating in a report on Monday, October 12th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, SL Green Realty presently has an average rating of “Hold” and a consensus price target of $55.15.
Check Out Our Latest Analysis on SL Green Realty
SL Green Realty Stock Up 6.0%
NYSE:SLG opened at $49.46 on Wednesday. The company has a debt-to-equity ratio of 1.05, a current ratio of 3.10 and a quick ratio of 3.10. The company’s fifty day moving average price is $52.16 and its 200-day moving average price is $49.29. SL Green Realty has a 1-year low of $34.77 and a 1-year high of $60.09. The firm has a market capitalization of $3.52 billion, a P/E ratio of -18.12, a PEG ratio of 3.80 and a beta of 1.66.
SL Green Realty (NYSE:SLG – Get Free Report) last posted its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $1.26. The company had revenue of $165.55 million during the quarter, compared to the consensus estimate of $176.97 million. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.19%. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.58 earnings per share. As a group, equities research analysts anticipate that SL Green Realty will post 5.68 EPS for the current year.
SL Green Realty Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 5.0%. The ex-dividend date of this dividend was Wednesday, September 30th. SL Green Realty’s dividend payout ratio (DPR) is presently -90.48%.
Insider Buying and Selling
In other news, insider Harrison Sitomer sold 23,113 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $57.71, for a total value of $1,333,851.23. Following the completion of the sale, the insider directly owned 109,468 shares in the company, valued at $6,317,398.28. The trade was a 17.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.94% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in SLG. BlackRock Inc. acquired a new position in SL Green Realty during the second quarter worth $706,881,000. Deutsche Bank AG purchased a new position in SL Green Realty during the second quarter valued at $58,202,000. Bank of New York Mellon Corp purchased a new position in SL Green Realty during the second quarter valued at $42,277,000. Bank of America Corp DE grew its position in shares of SL Green Realty by 226.6% in the first quarter. Bank of America Corp DE now owns 744,053 shares of the real estate investment trust’s stock valued at $27,485,000 after purchasing an additional 516,242 shares during the period. Finally, Legal & General Group Plc acquired a new stake in shares of SL Green Realty in the second quarter valued at about $27,344,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.
Key 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
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.
Featured Articles
- Five stocks we like better than SL Green Realty
- Is Texas Instruments Setting Up for Its Next Big Breakout?
- Pegasystems’ Q3 Miss Exposed the Problem Standing Between AI and Cash Flow
- Lam Research’s Earnings Beat Wasn’t the Real Story—Its 2027 Outlook Was
- Tesla’s Flying-Car Hype Hits an Earnings Reality Check
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.
