SL Green Realty (NYSE:SLG) Updates FY 2026 Earnings Guidance

SL Green Realty (NYSE:SLG) updated its FY 2026 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of 4.400-4.700 for the period, compared to the consensus estimate of 1.380. The company issued revenue guidance of -.

SL Green Realty Price Performance

Shares of SL Green Realty stock opened at $42.57 on Monday. The company has a current ratio of 3.22, a quick ratio of 3.22 and a debt-to-equity ratio of 1.03. The firm has a fifty day simple moving average of $51.31 and a 200-day simple moving average of $56.84. The stock has a market capitalization of $3.04 billion, a price-to-earnings ratio of 4,261.46 and a beta of 1.61. SL Green Realty has a 1-year low of $40.26 and a 1-year high of $79.22.

SL Green Realty (NYSE:SLG) last announced its earnings results on Thursday, October 16th. The real estate investment trust reported $1.58 EPS for the quarter, topping the consensus estimate of $1.34 by $0.24. The firm had revenue of $244.82 million for the quarter, compared to the consensus estimate of $170.27 million. SL Green Realty had a net margin of 1.75% and a negative return on equity of 0.22%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. On average, sell-side analysts expect that SL Green Realty will post 5.43 earnings per share for the current year.

SL Green Realty Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, December 15th. Investors of record on Friday, November 28th will be given a dividend of $0.2575 per share. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, November 28th. SL Green Realty’s payout ratio is currently 30,900.00%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Scotiabank set a $66.00 target price on SL Green Realty and gave the company a “sector outperform” rating in a report on Friday, October 24th. Bank of America lowered their price objective on shares of SL Green Realty from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Friday, October 17th. Jefferies Financial Group raised shares of SL Green Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $57.00 to $63.00 in a research report on Monday, October 13th. Evercore ISI reduced their price target on shares of SL Green Realty from $72.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, October 20th. Finally, Barclays set a $59.00 price target on shares of SL Green Realty in a research report on Monday, November 3rd. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $63.67.

Insider Transactions at SL Green Realty

In other news, Director Carol N. Brown sold 937 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $63.09, for a total value of $59,115.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 5.04% of the stock is owned by company insiders.

Institutional Trading of SL Green Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Triumph Capital Management acquired a new position in SL Green Realty in the third quarter worth about $45,000. Brevan Howard Capital Management LP bought a new stake in shares of SL Green Realty in the 3rd quarter valued at approximately $245,000. FJ Capital Management LLC acquired a new position in shares of SL Green Realty in the 2nd quarter worth approximately $268,000. United Services Automobile Association acquired a new position in shares of SL Green Realty in the 1st quarter worth approximately $253,000. Finally, Virtu Financial LLC bought a new position in shares of SL Green Realty during the 3rd quarter worth approximately $277,000. Institutional investors own 89.96% of the company’s stock.

SL Green Realty Company Profile

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.