Brokerages Set SL Green Realty Corporation (NYSE:SLG) Target Price at $50.75

Shares of SL Green Realty Corporation (NYSE:SLG) have earned an average rating of “Hold” from the nineteen ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $53.30.

Several research firms have recently weighed in on SLG. Scotiabank reissued an “outperform” rating and issued a $56.00 price objective (up from $53.00) on shares of SL Green Realty in a research report on Tuesday. Wells Fargo & Company upped their target price on SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. UBS Group set a $56.00 target price on SL Green Realty in a research note on Monday, July 6th. Mizuho lifted their target price on SL Green Realty from $38.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Piper Sandler reiterated an “overweight” rating and issued a $65.00 target price (up from $50.00) on shares of SL Green Realty in a report on Tuesday.

Key Headlines Impacting SL Green Realty

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

• Positive Sentiment: SL Green reported second-quarter FFO of $1.43 per share, beating estimates of $1.19, and also delivered revenue above expectations, signaling stronger-than-expected core earnings for the office REIT. SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company updated FY 2026 EPS guidance to $5.60-$5.90, which is well above the consensus estimate of $4.61 and suggests management sees improving earnings momentum ahead.
• Positive Sentiment: SL Green also announced a 98,420-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premier Manhattan office space and supporting its leasing pipeline. SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Scotiabank raised its price target on SLG to $56 from $53 and kept an outperform rating, reflecting a constructive view on the stock’s near-term upside.
• Neutral Sentiment: Despite the earnings beat, SL Green still reported a net loss of $0.38 per share and negative margins, so investors may be cautious about the pace of a full recovery. SL Green Realty Corp. Reports Second Quarter 2026 EPS of ($0.38) per Share; and FFO of $1.43 per Share
• Neutral Sentiment: Mizuho also lifted its target to $46, but kept a neutral rating, indicating analysts remain divided on valuation after the recent run-up.

SL Green Realty Price Performance

Shares of NYSE SLG opened at $50.11 on Monday. SL Green Realty has a twelve month low of $34.77 and a twelve month high of $66.29. The firm has a fifty day simple moving average of $48.45 and a 200 day simple moving average of $44.02. The company has a market capitalization of $3.58 billion, a PE ratio of -19.97 and a beta of 1.58. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.43 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $2.07. The business 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 15.77% and a negative return on equity of 4.06%. SL Green Realty’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same quarter 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. On average, sell-side analysts forecast that SL Green Realty will post 4.61 EPS for the current year.

SL Green Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.6175 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.47 annualized dividend and a dividend yield of 4.9%. SL Green Realty’s dividend payout ratio (DPR) is -98.41%.

Institutional Trading of SL Green Realty

Several hedge funds have recently modified their holdings of the stock. State Street Corp boosted its stake in SL Green Realty by 1.0% during the second quarter. State Street Corp now owns 4,257,874 shares of the real estate investment trust’s stock worth $264,636,000 after acquiring an additional 41,873 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in SL Green Realty by 25.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 3,041,226 shares of the real estate investment trust’s stock valued at $139,501,000 after purchasing an additional 617,488 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in SL Green Realty by 62.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock valued at $133,862,000 after purchasing an additional 1,117,357 shares in the last quarter. Cohen & Steers Inc. acquired a new position in shares of SL Green Realty during the fourth quarter valued at about $121,675,000. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of SL Green Realty by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,561,121 shares of the real estate investment trust’s stock valued at $71,609,000 after purchasing an additional 32,779 shares during the period. Institutional investors own 89.96% of the company’s stock.

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.