SL Green Realty (NYSE:SLG) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded SL Green Realty from “sell” to “hold,” while broader analyst sentiment remains mixed. Six analysts rate the stock a Buy, nine a Hold, and two a Sell, with an average price target of $55.15.
• SL Green reported $1.01 in quarterly EPS, exceeding the consensus estimate of a $0.25 loss, though revenue of $165.55 million fell short of expectations.
• Management raised 2026 earnings guidance to $6.50–$6.70 per share, supported by strong Manhattan leasing and planned property sales, but analysts note that some of the improvement may come from nonrecurring transactions.

SL Green Realty (NYSE:SLG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

A number of other analysts have also issued reports on the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of SL Green Realty in a research report on Tuesday, August 25th. Wells Fargo & Company set a $56.50 price objective on shares of SL Green Realty and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. JPMorgan Chase & Co. boosted their price objective on SL Green Realty from $51.00 to $61.00 and gave the company a "neutral" rating in a report on Tuesday, August 25th. Citigroup reissued a "buy" rating and set a $60.00 target price (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. Finally, LADENBURG THALM/SH SH upped their price objective on SL Green Realty from $42.00 to $46.00 and gave the stock a "neutral" rating in a research note on Wednesday, July 8th. Six research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $55.15.

SL Green Realty Stock Performance

NYSE SLG opened at $50.24 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.92 and a quick ratio of 3.10. SL Green Realty has a 1-year low of $34.77 and a 1-year high of $60.09. The firm has a market capitalization of $3.57 billion, a P/E ratio of 9.86, a P/E/G ratio of 3.98 and a beta of 1.66. The business's 50-day simple moving average is $52.05 and its 200-day simple moving average is $49.29.

SL Green Realty (NYSE:SLG - Get Free Report) last announced its quarterly earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.25) by $1.26. The firm had revenue of $165.55 million for the quarter, compared to analysts' expectations of $176.97 million. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.18%. SL Green Realty's revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.58 earnings per share. Equities analysts predict that SL Green Realty will post 5.72 EPS for the current year.

Insider Activity at SL Green Realty

In other news, insider Harrison Sitomer sold 23,113 shares of the firm's stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the transaction, the insider owned 109,468 shares in the company, valued at approximately $6,317,398.28. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.94% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On SL Green Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Place Financial Advisors LLC acquired a new stake in shares of SL Green Realty during the 3rd quarter valued at about $1,478,000. Probity Advisors Inc. lifted its holdings in SL Green Realty by 6.1% during the 3rd quarter. Probity Advisors Inc. now owns 11,546 shares of the real estate investment trust's stock worth $565,000 after buying an additional 665 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of SL Green Realty in the 3rd quarter valued at about $238,000. Trellis Wealth Advisors LLC acquired a new stake in shares of SL Green Realty in the 3rd quarter valued at approximately $41,000. Finally, Abel Hall LLC raised its position in shares of SL Green Realty by 16.2% during the third quarter. Abel Hall LLC now owns 5,803 shares of the real estate investment trust's stock worth $284,000 after purchasing an additional 810 shares during the period. Institutional investors own 89.96% of the company's stock.

SL Green Realty News Roundup

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

• Positive Sentiment: 2026 guidance was raised materially: SL Green now expects full-year earnings of $6.50–$6.70 per share, well above the $5.69 consensus estimate. Management attributed part of the improvement to incremental income from property transactions, including the planned sale of 110 Greene Street for $226 million. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Leasing momentum remained strong: The REIT signed 38 Manhattan office leases covering 591,108 square feet, while same-store office occupancy reached 95% at September 30, including leases that have not yet commenced. This supports management’s optimistic outlook for New York City office demand. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
• Positive Sentiment: Quarterly net income improved: Third-quarter net income attributable to common shareholders rose to $1.01 per share from $0.34 a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million, generating $99 million in net cash proceeds.
• Neutral Sentiment: Core FFO largely met expectations: Third-quarter FFO was $1.59 per share, nearly unchanged from $1.58 a year earlier and in line with the consensus estimate. Revenue increased year over year but was below analysts’ forecast, limiting the quarter’s underlying earnings upside. SL Green Matches Q3 FFO Estimates
• Negative Sentiment: Analyst sentiment weakened: Zacks Research downgraded SL Green from “strong buy” to “hold,” while J.P. Morgan also maintained a hold rating. The ratings may temper enthusiasm because the higher outlook depends partly on asset sales and other potentially nonrecurring income.

About SL Green Realty

SL Green Realty Corp. NYSE: SLG is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City's prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.

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