SL Green Realty (NYSE:SLG) Stock Rating Lowered by Zacks Research

SL Green Realty (NYSE:SLG) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday, Zacks reports.

SLG has been the subject of a number of other research reports. Wall Street Zen raised SL Green Realty from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. Citigroup reissued a “buy” rating and issued a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. Mizuho set a $53.00 price objective on SL Green Realty in a report on Tuesday, September 8th. Scotiabank cut their price objective on SL Green Realty from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research report on Thursday, September 17th. Finally, Morgan Stanley set a $52.00 target price on SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday, July 22nd. Six analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $55.15.

SL Green Realty Stock Up 6.0%

SLG opened at $49.46 on Wednesday. The company has a fifty day moving average of $52.16 and a two-hundred day moving average of $49.29. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of -18.12, a PEG ratio of 3.80 and a beta of 1.66. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $60.09. The company has a debt-to-equity ratio of 1.05, a quick ratio of 3.10 and a current ratio of 3.10.

SL Green Realty (NYSE:SLG) last posted its earnings results on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $1.26. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.19%. The business had revenue of $165.55 million for the quarter, compared to analyst estimates of $176.97 million. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, research analysts expect that SL Green Realty will post 5.68 earnings per share for the current year.

Insider Buying and Selling at SL Green Realty

In related news, insider Harrison Sitomer sold 23,113 shares of the business’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the completion of the sale, the insider directly owned 109,468 shares in the company, valued at approximately $6,317,398.28. The trade was a 17.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.94% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of SL Green Realty during the second quarter worth $33,000. Trellis Wealth Advisors LLC acquired a new stake in shares of SL Green Realty in the third quarter valued at about $41,000. Global Retirement Partners LLC acquired a new stake in shares of SL Green Realty in the second quarter valued at about $53,000. Leonteq Securities AG lifted its stake in shares of SL Green Realty by 4,194.0% in the first quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock worth $79,000 after buying an additional 2,097 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of SL Green Realty by 39.6% in the first quarter. KBC Group NV now owns 2,856 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Key SL Green Realty News

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

• Positive Sentiment: Raised 2026 guidance: SL Green increased its full-year FFO outlook to $6.50–$6.70 per share and net income guidance to $0.40–$0.60 per share. The higher outlook reflects incremental income associated with a substantial property sale, although some of the benefit may be nonrecurring. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Strong leasing and asset sales: The REIT signed 38 Manhattan office leases totaling 591,108 square feet, lifting same-store office occupancy to 95% as of September 30, including signed leases not yet commenced. It also sold 10 East 53rd Street for $312.2 million and agreed to sell 110 Greene Street for $226 million, supporting liquidity and balance-sheet flexibility. SL Green Reports Q3 EPS and Raises Guidance
• Positive Sentiment: Net income surged: Third-quarter net income attributable to common stockholders rose to $1.01 per diluted share from $0.34 a year earlier, while revenue increased year over year. Management’s execution in prime New York City properties is helping SLG outperform during a difficult office-market environment. SL Green Reports Third Quarter 2026 Results
• Neutral Sentiment: FFO was essentially in line: Third-quarter FFO came in at $1.59 per share, compared with $1.58 a year earlier and in line with the consensus estimate. SL Green Matches Q3 FFO Estimates
• Negative Sentiment: Operating results had drawbacks: Quarterly revenue of approximately $165.6 million was below the $177.0 million consensus estimate, and the higher earnings outlook depends partly on an unpredictable property transaction. JPMorgan maintained a Hold rating, signaling limited conviction in near-term upside. SL Green Receives a Hold from J.P. Morgan

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.