SL Green Realty (NYSE:SLG) Stock Price Up 8.8% After Better-Than-Expected Earnings

Shares of SL Green Realty Corporation (NYSE:SLG) were up 8.8% during trading on Thursday following a better than expected earnings announcement. The company traded as high as $54.99 and last traded at $54.5490. 548,842 shares traded hands during trading, a decline of 57% from the average daily volume of 1,262,073 shares. The stock had previously closed at $50.12.

The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.64) by $0.26. The business had revenue of $171.85 million for the quarter, compared to analysts’ expectations of $179.01 million. SL Green Realty had a negative return on equity of 4.06% and a negative net margin of 15.77%.The business’s revenue was up 16.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 earnings per share. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS.

SL Green Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.6175 per share. This represents a $2.47 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s payout ratio is currently -98.41%.

More SL Green Realty News

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

• Positive Sentiment: Scotiabank raised its price target on SL Green Realty to $56 from $53 and maintained a sector outperform rating, signaling improved confidence in the stock’s upside. Scotiabank Boosts SL Green Realty (NYSE:SLG) Price Target to $56.00
• Positive Sentiment: Mizuho also turned more constructive on SL Green Realty, raising its price target to $46 and saying the stock price is expected to rise, reinforcing a favorable analyst tone. SL Green Realty (NYSE:SLG) Stock Price Expected to Rise, Mizuho Analyst Says
• Positive Sentiment: The company reported Q2 FFO of $1.43 per share, topping estimates, and also increased FY 2026 EPS guidance to $5.60-$5.90 versus the market’s $4.61 consensus, suggesting better-than-expected profitability ahead. SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: SL Green signed a 98,420-square-foot lease at 11 Madison Avenue, showing continued demand for premium Manhattan office space and supporting leasing momentum. SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Neutral Sentiment: Investors are also weighing the Q2 earnings preview and broader read-throughs from the earnings release, which should keep attention on operating performance and guidance in the near term. SL Green Realty Q2 2026 earnings preview
• Negative Sentiment: Despite the beats on EPS and FFO, quarterly revenue of $171.85 million came in below Wall Street expectations, and the company still posted a net loss, which may be limiting the stock’s reaction. SL Green Realty Corp. Reports Second Quarter 2026 EPS of ($0.38) per Share; and FFO of $1.43 per Share

Analyst Ratings Changes

Several brokerages recently commented on SLG. JPMorgan Chase & Co. raised their target price on SL Green Realty from $49.00 to $51.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. Scotiabank reaffirmed an “outperform” rating and issued a $56.00 price objective (up from $53.00) on shares of SL Green Realty in a research report on Tuesday. UBS Group set a $56.00 price objective on shares of SL Green Realty in a research note on Monday, July 6th. Truist Financial boosted their target price on shares of SL Green Realty from $44.00 to $46.00 and gave the stock a “hold” rating in a research report on Wednesday, April 22nd. Finally, Evercore lowered shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price target for the company. in a report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.30.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Triumph Capital Management acquired a new stake in shares of SL Green Realty during the third quarter worth approximately $45,000. Davis Capital Management acquired a new position in SL Green Realty in the 1st quarter valued at approximately $46,000. Fourth Dimension Wealth LLC lifted its position in SL Green Realty by 45.5% in the 4th quarter. Fourth Dimension Wealth LLC now owns 1,600 shares of the real estate investment trust’s stock worth $73,000 after buying an additional 500 shares in the last quarter. Hantz Financial Services Inc. lifted its position in SL Green Realty by 30.6% in the 4th quarter. Hantz Financial Services Inc. now owns 1,613 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 378 shares in the last quarter. Finally, Leonteq Securities AG boosted its stake in shares of SL Green Realty by 4,194.0% during the 1st quarter. Leonteq Securities AG now owns 2,147 shares of the real estate investment trust’s stock valued at $79,000 after buying an additional 2,097 shares during the period. 89.96% of the stock is currently owned by institutional investors.

SL Green Realty Stock Up 8.8%

The business’s 50 day simple moving average is $48.45 and its 200-day simple moving average is $44.02. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.03 and a current ratio of 3.03. The company has a market cap of $3.89 billion, a price-to-earnings ratio of -21.72 and a beta of 1.58.

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.