SL Green Realty (NYSE:SLG) Price Target Raised to $46.00

SL Green Realty (NYSE:SLG) had its price target boosted by Mizuho from $38.00 to $46.00 in a research report sent to investors on Tuesday, Marketbeat reports. They currently have a neutral rating on the real estate investment trust’s stock.

A number of other analysts have also commented on the company. Citigroup decreased their target price on SL Green Realty from $55.00 to $45.00 and set a “buy” rating for the company in a research report on Tuesday, March 24th. UBS Group set a $56.00 price target on SL Green Realty in a report on Monday, July 6th. Weiss Ratings raised SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, May 28th. Barclays set a $52.00 price objective on SL Green Realty and gave the company an “equal weight” rating in a report on Tuesday. Finally, Truist Financial upped their target price on SL Green Realty from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, SL Green Realty currently has an average rating of “Hold” and an average price target of $53.30.

SL Green Realty Trading Up 7.7%

NYSE:SLG 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. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -19.77 and a beta of 1.58. The firm has a fifty day simple moving average of $48.66 and a two-hundred day simple moving average of $44.07. SL Green Realty has a 12 month low of $34.77 and a 12 month high of $66.29.

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

SL Green Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.6175 dividend. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s dividend payout ratio is currently -98.41%.

Hedge Funds Weigh In On SL Green Realty

A number of hedge funds have recently added to or reduced their stakes in the stock. State Street Corp boosted its position in shares of 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 valued at $264,636,000 after buying an additional 41,873 shares during the last quarter. Alyeska Investment Group L.P. raised its position in SL Green Realty by 25.5% in the 4th 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 buying an additional 617,488 shares during the last quarter. Goldman Sachs Group Inc. raised its position in SL Green Realty by 62.0% in the 4th 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 buying an additional 1,117,357 shares during the last quarter. Cohen & Steers Inc. bought a new position in SL Green Realty during the 4th quarter valued at $121,675,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in SL Green Realty by 2.1% during the 4th 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 acquiring an additional 32,779 shares in the last quarter. Institutional investors and hedge funds own 89.96% of the company’s stock.

Key Headlines Impacting SL Green Realty

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.