SL Green Realty (NYSE:SLG) Stock Rating Upgraded by Wall Street Zen

SL Green Realty (NYSE:SLG) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

A number of other equities analysts have also issued reports on the stock. Mizuho raised their target price on shares of SL Green Realty from $38.00 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday. Piper Sandler set a $79.00 price target on shares of SL Green Realty and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price target on shares of SL Green Realty from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, June 1st. JPMorgan Chase & Co. increased their price target 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. Finally, Truist Financial raised their price objective 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. Seven research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, SL Green Realty currently has a consensus rating of “Hold” and an average target price of $54.75.

SL Green Realty Stock Up 1.9%

SLG opened at $54.62 on Friday. SL Green Realty has a one year low of $34.77 and a one year high of $66.29. The company has a debt-to-equity ratio of 1.12, a quick ratio of 3.03 and a current ratio of 3.10. The stock has a market capitalization of $3.90 billion, a P/E ratio of -20.01 and a beta of 1.58. The business’s 50-day simple moving average is $48.91 and its 200-day simple moving average is $44.15.

SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.59) by $0.21. The firm had revenue of $171.85 million during the quarter, compared to analysts’ expectations of $179.01 million. SL Green Realty had a negative return on equity of 4.43% and a negative net margin of 16.92%.The business’s revenue was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Analysts anticipate that SL Green Realty will post 4.53 EPS for the current year.

Institutional Investors Weigh In On SL Green Realty

Large investors have recently modified their holdings of the stock. Integrity Alliance LLC. grew its position in SL Green Realty by 4.1% in the 4th quarter. Integrity Alliance LLC. now owns 5,970 shares of the real estate investment trust’s stock valued at $274,000 after buying an additional 237 shares during the last quarter. Probity Advisors Inc. increased its stake in SL Green Realty by 2.8% in the 4th quarter. Probity Advisors Inc. now owns 10,040 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 269 shares during the period. Empowered Funds LLC raised its position in SL Green Realty by 6.2% during the 4th quarter. Empowered Funds LLC now owns 6,220 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 361 shares during the last quarter. Hantz Financial Services Inc. raised its position in 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 buying an additional 378 shares during the last quarter. Finally, Telos Capital Management Inc. lifted its stake in shares of SL Green Realty by 3.6% in the 4th quarter. Telos Capital Management Inc. now owns 11,277 shares of the real estate investment trust’s stock worth $517,000 after acquiring an additional 396 shares during the period. Hedge funds and other institutional investors own 89.96% of the company’s stock.

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.