SL Green Realty (NYSE:SLG) Stock Rating Upgraded by Wall Street Zen

SL Green Realty (NYSE:SLG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued on Saturday, Wall Street Zen reports.

A number of other equities analysts have also commented on SLG. Evercore set a $60.00 price target on SL Green Realty in a report on Monday, September 21st. Wells Fargo & Company set a $56.50 price objective on SL Green Realty and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Piper Sandler set a $64.00 price objective on SL Green Realty and gave the stock an “overweight” rating in a report on Monday, October 12th. Truist Financial set a $57.00 target price on SL Green Realty and gave the stock a “hold” rating in a research note on Monday, August 24th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $60.00 target price (up from $52.00) on shares of SL Green Realty in a report on Monday, July 27th. Six equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $55.15.

SL Green Realty Stock Up 0.2%

SLG opened at $50.24 on Friday. The company has a 50 day moving average of $52.05 and a 200 day moving average of $49.38. The company has a market cap of $3.57 billion, a PE ratio of -24.39, a price-to-earnings-growth ratio of 4.06 and a beta of 1.66. SL Green Realty has a 12 month low of $34.77 and a 12 month high of $60.09. The company has a current ratio of 2.92, a quick ratio of 3.10 and a debt-to-equity ratio of 1.11.

SL Green Realty (NYSE:SLG) last released its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.25) by $1.26. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.18%. The business had revenue of $165.55 million during the quarter, compared to analyst estimates of $176.97 million. During the same period in the previous year, the business earned $1.58 EPS. SL Green Realty’s revenue was up 10.6% compared to the same quarter last year. On average, sell-side analysts expect that SL Green Realty will post 5.72 EPS for the current year.

Insider Activity

In related news, insider Harrison Sitomer sold 23,113 shares of the company’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total value of $1,333,851.23. Following the completion of the transaction, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.94% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC bought a new stake in SL Green Realty during the second quarter worth about $33,000. Trellis Wealth Advisors LLC bought a new position in shares of SL Green Realty during the 3rd quarter valued at about $41,000. Global Retirement Partners LLC bought a new position in shares of SL Green Realty during the 2nd quarter valued at about $53,000. Leonteq Securities AG increased its position in shares of SL Green Realty by 4,194.0% during the 1st quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 2,097 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of SL Green Realty by 39.6% during the 1st quarter. KBC Group NV now owns 2,856 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 810 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

SL Green Realty News Roundup

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

• Positive Sentiment: 2026 guidance was raised materially: SL Green now expects full-year earnings of $6.50–$6.70 per share, well above the $5.69 consensus estimate. Management attributed part of the improvement to incremental income from property transactions, including the planned sale of 110 Greene Street for $226 million. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Leasing momentum remained strong: The REIT signed 38 Manhattan office leases covering 591,108 square feet, while same-store office occupancy reached 95% at September 30, including leases that have not yet commenced. This supports management’s optimistic outlook for New York City office demand. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
• Positive Sentiment: Quarterly net income improved: Third-quarter net income attributable to common shareholders rose to $1.01 per share from $0.34 a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million, generating $99 million in net cash proceeds.
• Neutral Sentiment: Core FFO largely met expectations: Third-quarter FFO was $1.59 per share, nearly unchanged from $1.58 a year earlier and in line with the consensus estimate. Revenue increased year over year but was below analysts’ forecast, limiting the quarter’s underlying earnings upside. SL Green Matches Q3 FFO Estimates
• Negative Sentiment: Analyst sentiment weakened: Zacks Research downgraded SL Green from “strong buy” to “hold,” while J.P. Morgan also maintained a hold rating. The ratings may temper enthusiasm because the higher outlook depends partly on asset sales and other potentially nonrecurring income.

SL Green Realty Company Profile

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.