Summit Place Financial Advisors LLC Makes New $1.48 Million Investment in SL Green Realty Corporation $SLG

Summit Place Financial Advisors LLC purchased a new stake in shares of SL Green Realty Corporation (NYSE:SLG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 30,218 shares of the real estate investment trust’s stock, valued at approximately $1,478,000.

Several other large investors have also recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in SL Green Realty in the 2nd quarter worth about $706,881,000. Deutsche Bank AG acquired a new stake in SL Green Realty during the 2nd quarter worth about $58,202,000. Bank of New York Mellon Corp acquired a new stake in SL Green Realty during the 2nd quarter worth about $42,277,000. Legal & General Group Plc purchased a new position in SL Green Realty during the 2nd quarter valued at about $27,344,000. Finally, Bank of America Corp DE grew its stake in SL Green Realty by 226.6% during the 1st 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 acquiring an additional 516,242 shares in the last quarter. 89.96% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Citigroup reiterated a “buy” rating and issued a $60.00 target price (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. BMO Capital Markets restated an “outperform” rating and set a $60.00 price target (up from $52.00) on shares of SL Green Realty in a report on Monday, July 27th. LADENBURG THALM/SH SH raised their price target on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a report on Wednesday, July 8th. Mizuho set a $53.00 price objective on shares of SL Green Realty in a research report on Tuesday, September 8th. Finally, Barclays upped their price objective on shares of SL Green Realty from $52.00 to $54.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 8th. Six investment 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’s stock. According to MarketBeat.com, SL Green Realty currently has a consensus rating of “Hold” and a consensus target price of $55.15.

More SL Green Realty News

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.

Insider Buying and Selling at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $6,317,398.28. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 5.94% of the stock is owned by company insiders.

SL Green Realty Price Performance

Shares of NYSE:SLG opened at $50.24 on Monday. 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 Corporation has a 1 year low of $34.77 and a 1 year high of $60.09. The business has a fifty day simple moving average of $52.05 and a 200 day simple moving average of $49.38. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -24.39, a P/E/G ratio of 4.06 and a beta of 1.66.

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 (EPS) for the quarter, beating analysts’ consensus estimates of ($0.25) by $1.26. SL Green Realty had a negative return on equity of 3.18% and a negative net margin of 12.03%. The firm had revenue of $165.55 million during the quarter, compared to analysts’ expectations of $176.97 million. During the same quarter last year, the firm earned $1.58 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, sell-side analysts predict that SL Green Realty Corporation will post 5.72 earnings per share for the current fiscal year.

SL Green Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.6175 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.9%. SL Green Realty’s dividend payout ratio (DPR) is -119.90%.

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.