Scotiabank Boosts SL Green Realty (NYSE:SLG) Price Target to $56.00

SL Green Realty (NYSE:SLG) had its price target boosted by equities researchers at Scotiabank from $53.00 to $56.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price target points to a potential upside of 11.75% from the company’s current price.

Other equities research analysts have also issued research reports about the stock. Barclays set a $52.00 target price on shares of SL Green Realty and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of SL Green Realty from $49.00 to $51.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 5th. Evercore cut SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 target price on the stock. in a research note on Monday, July 6th. UBS Group set a $56.00 price target on SL Green Realty in a report on Monday, July 6th. Finally, Mizuho raised their price target on SL Green Realty from $38.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, SL Green Realty has a consensus rating of “Hold” and an average target price of $53.30.

SL Green Realty Stock Performance

NYSE SLG opened at $50.11 on Tuesday. The business’s 50 day moving average price is $48.45 and its 200-day moving average price is $44.02. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $66.29. The company has a market cap of $3.58 billion, a P/E ratio of -19.97 and a beta of 1.58. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.03 and a current ratio of 3.03.

SL Green Realty (NYSE:SLG) last issued its quarterly earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.64) by $2.07. The company had revenue of $171.85 million during the quarter, compared to the consensus estimate of $179.01 million. SL Green Realty had a negative return on equity of 4.06% and a negative net margin of 15.77%.SL Green Realty’s revenue was up 16.5% on a year-over-year basis. During the same period last year, the company earned $1.63 earnings per share. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Sell-side analysts predict that SL Green Realty will post 4.61 earnings per share for the current year.

Institutional Trading of SL Green Realty

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

Trending Headlines about SL Green Realty

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

• Positive Sentiment: SL Green reported second-quarter FFO of $1.43 per share, beating estimates of $1.19, and also delivered revenue above expectations, signaling stronger-than-expected core earnings for the office REIT. SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company updated FY 2026 EPS guidance to $5.60-$5.90, which is well above the consensus estimate of $4.61 and suggests management sees improving earnings momentum ahead.
• Positive Sentiment: SL Green also announced a 98,420-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premier Manhattan office space and supporting its leasing pipeline. SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Scotiabank raised its price target on SLG to $56 from $53 and kept an outperform rating, reflecting a constructive view on the stock’s near-term upside.
• Neutral Sentiment: Despite the earnings beat, SL Green still reported a net loss of $0.38 per share and negative margins, so investors may be cautious about the pace of a full recovery. SL Green Realty Corp. Reports Second Quarter 2026 EPS of ($0.38) per Share; and FFO of $1.43 per Share
• Neutral Sentiment: Mizuho also lifted its target to $46, but kept a neutral rating, indicating analysts remain divided on valuation after the recent run-up.

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.