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

SL Green Realty (NYSE:SLG) updated its FY 2026 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 5.600-5.900 for the period, compared to the consensus earnings per share estimate of 4.610. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Truist Financial increased their price objective on SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. upped their price target on SL Green Realty from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. UBS Group set a $56.00 price objective on shares of SL Green Realty in a report on Monday, July 6th. LADENBURG THALM/SH SH boosted their price objective on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Finally, Barclays set a $52.00 target price on shares of SL Green Realty and gave the company an “equal weight” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, SL Green Realty has an average rating of “Hold” and a consensus price target of $53.30.

SL Green Realty Stock Performance

Shares of SL Green Realty stock traded down $0.71 on Wednesday, hitting $50.11. The stock had a trading volume of 1,077,821 shares, compared to its average volume of 1,270,602. The stock has a market cap of $3.58 billion, a price-to-earnings ratio of -19.97 and a beta of 1.58. 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 52-week low of $34.77 and a 52-week high of $66.29. The company’s 50 day moving average price is $48.32 and its 200 day moving average price is $43.99.

SL Green Realty (NYSE:SLG) last released its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $0.26. SL Green Realty had a negative return on equity of 4.06% and a negative net margin of 15.77%.SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. On average, research analysts anticipate that SL Green Realty will post 4.61 EPS for the current year.

SL Green Realty Announces Dividend

The firm also recently announced 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 was Tuesday, June 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 -98.41%.

Institutional Investors Weigh In On SL Green Realty

Several hedge funds have recently made changes to their positions in the business. Empowered Funds LLC increased its position in SL Green Realty by 10.9% in the 1st quarter. Empowered Funds LLC now owns 7,374 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 722 shares during the period. Creative Planning acquired a new stake in SL Green Realty during the 2nd quarter worth approximately $421,000. Cetera Investment Advisers grew its stake in shares of SL Green Realty by 60.3% in the 4th quarter. Cetera Investment Advisers now owns 6,058 shares of the real estate investment trust’s stock valued at $278,000 after purchasing an additional 2,278 shares during the last quarter. FJ Capital Management LLC purchased a new position in shares of SL Green Realty in the 2nd quarter valued at approximately $268,000. Finally, Federation des caisses Desjardins du Quebec increased its holdings in shares of SL Green Realty by 27.6% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 5,749 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 1,242 shares during the period. Institutional investors and hedge funds 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.