SL Green Realty (NYSE:SLG) Price Target Raised to $56.00

SL Green Realty (NYSE:SLG) had its price objective hoisted by Scotiabank from $53.00 to $56.00 in a report issued on Tuesday,Benzinga reports. They currently have a sector outperform rating on the real estate investment trust’s stock.

A number of other research firms also recently issued reports on SLG. Weiss Ratings raised shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Evercore cut SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price objective on the stock. in a research report on Monday, July 6th. Citigroup reduced their target price on SL Green Realty from $55.00 to $45.00 and set a “buy” rating on the stock in a report on Tuesday, March 24th. Piper Sandler reissued an “overweight” rating and issued a $65.00 target price (up from $50.00) on shares of SL Green Realty in a research report on Tuesday. Finally, Mizuho increased their target price on SL Green Realty from $38.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, SL Green Realty has an average rating of “Hold” and an average price target of $53.30.

SL Green Realty Stock Up 7.7%

Shares of SL Green Realty stock opened at $53.96 on Tuesday. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $66.29. The company has a market cap of $3.85 billion, a P/E ratio of -19.77 and a beta of 1.58. The company’s fifty day simple moving average is $48.66 and its two-hundred day simple moving average is $44.07.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) EPS for the quarter, topping the consensus estimate of ($0.59) by $0.21. The firm had revenue of $171.85 million during the quarter, compared to analysts’ expectations of $179.01 million. SL Green Realty had a negative net margin of 16.92% and a negative return on equity of 4.45%. The company’s quarterly revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $1.63 EPS. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Research analysts anticipate that SL Green Realty will post 4.58 EPS for the current year.

SL Green Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid 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 yield of 4.6%. SL Green Realty’s payout ratio is presently -98.41%.

Hedge Funds Weigh In On SL Green Realty

A number of institutional investors and hedge funds have recently made changes to their positions in SLG. Handelsbanken Fonder AB lifted its holdings in shares of SL Green Realty by 30.0% during the second quarter. Handelsbanken Fonder AB now owns 26,865 shares of the real estate investment trust’s stock valued at $1,391,000 after purchasing an additional 6,200 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of SL Green Realty by 19.1% in the 2nd quarter. GAMMA Investing LLC now owns 4,520 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 725 shares in the last quarter. Glenmede Trust Co. NA grew its stake in shares of SL Green Realty by 3.8% in the 1st quarter. Glenmede Trust Co. NA now owns 17,370 shares of the real estate investment trust’s stock worth $642,000 after buying an additional 639 shares during the last quarter. Bank of America Corp DE grew its stake in shares of SL Green Realty by 226.6% in the 1st quarter. Bank of America Corp DE now owns 744,053 shares of the real estate investment trust’s stock worth $27,485,000 after buying an additional 516,242 shares during the last quarter. Finally, Amundi increased its position in SL Green Realty by 8.2% during the 1st quarter. Amundi now owns 51,784 shares of the real estate investment trust’s stock valued at $1,913,000 after buying an additional 3,932 shares in the last quarter. Institutional investors own 89.96% of the company’s stock.

SL Green Realty News Summary

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

• Positive Sentiment: SL Green reported Q2 2026 FFO of $1.43 per share, above estimates of $1.19, signaling stronger-than-expected operating performance. Article: SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company also raised FY 2026 EPS guidance to $5.60-$5.90, well above the consensus estimate of $4.61, which supports expectations for better full-year profitability. Article: SL Green Realty Corp. Reports Second Quarter 2026 EPS and FFO
• Positive Sentiment: SL Green signed a 98,000-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premium Manhattan office space and adding to its leasing pipeline. Article: SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Analysts turned more constructive, with Scotiabank boosting its price target to $56 and Mizuho saying the stock should rise, adding outside validation to the earnings-driven rally. Article: Scotiabank Boosts SL Green Realty Price Target
• Neutral Sentiment: Revenue of $171.85 million came in below the Street’s estimate of $179.01 million, partly offsetting the earnings beat. Reference: MarketBeat SLG earnings report
• Neutral Sentiment: Investors are also watching commentary around the company’s Q2 2026 earnings preview and key metrics, which may shape near-term sentiment but add little new upside by themselves. Article: Compared to Estimates, SL Green Q2 Earnings: A Look at Key Metrics

About SL Green Realty

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.