SL Green Realty (NYSE:SLG) Stock Moved Down to “Hold” by Zacks Research

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

A number of other analysts also recently issued reports on the company. Citigroup reaffirmed a “buy” rating and issued a $60.00 target price (up from $45.00) on shares of SL Green Realty in a research note on Friday, July 24th. Truist Financial set a $57.00 price objective on shares of SL Green Realty and gave the company a “hold” rating in a report on Monday, August 24th. Wall Street Zen raised shares of SL Green Realty from a “strong sell” rating to a “sell” rating in a report on Saturday, September 5th. Wells Fargo & Company set a $56.50 price objective on shares of SL Green Realty and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Finally, Mizuho set a $53.00 price objective on shares of SL Green Realty in a research report on Tuesday, September 8th. Six research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, SL Green Realty presently has a consensus rating of “Hold” and a consensus target price of $55.15.

SL Green Realty Price Performance

NYSE:SLG opened at $49.46 on Wednesday. SL Green Realty has a one year low of $34.77 and a one year 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. The stock has a market cap of $3.52 billion, a PE ratio of -18.12, a P/E/G ratio of 3.80 and a beta of 1.66. The stock has a 50 day moving average price of $52.16 and a 200 day moving average price of $49.29.

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

Insider Activity

In related news, insider Harrison Sitomer sold 23,113 shares of the firm’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 transaction, the insider owned 109,468 shares in the company, valued at $6,317,398.28. This trade represents a 17.43% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 5.94% of the company’s stock.

Institutional Investors Weigh In On SL Green Realty

Several large investors have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in shares of SL Green Realty in the second quarter valued at about $706,881,000. Deutsche Bank AG purchased a new position in SL Green Realty during the second quarter worth about $58,202,000. Bank of New York Mellon Corp purchased a new position in SL Green Realty during the second quarter worth about $42,277,000. Bank of America Corp DE raised its holdings in SL Green Realty by 226.6% during the first quarter. Bank of America Corp DE now owns 744,053 shares of the real estate investment trust’s stock worth $27,485,000 after purchasing an additional 516,242 shares in the last quarter. Finally, Legal & General Group Plc acquired a new stake in SL Green Realty in the second quarter valued at about $27,344,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

Key Stories Impacting SL Green Realty

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.