SL Green Realty (SLG) – Analysts’ Weekly Ratings Updates

SL Green Realty (NYSE: SLG) recently received a number of ratings updates from brokerages and research firms:

• 2/3/2025 – SL Green Realty had its price target lowered by analysts at Wells Fargo & Company from $76.00 to $69.00. They now have an “equal weight” rating on the stock.
• 1/28/2025 – SL Green Realty had its price target lowered by analysts at Barclays PLC from $78.00 to $76.00. They now have an “equal weight” rating on the stock.
• 1/27/2025 – SL Green Realty had its price target lowered by analysts at Bank of America Co. from $80.00 to $73.00. They now have a “neutral” rating on the stock.
• 1/27/2025 – SL Green Realty had its price target raised by analysts at Truist Financial Co. from $61.00 to $62.00. They now have a “hold” rating on the stock.
• 1/7/2025 – SL Green Realty had its price target raised by analysts at Mizuho from $45.00 to $67.00. They now have a “neutral” rating on the stock.
• 1/2/2025 – SL Green Realty had its price target lowered by analysts at Jefferies Financial Group Inc. from $75.00 to $69.00. They now have a “hold” rating on the stock.
• 12/11/2024 – SL Green Realty had its price target raised by analysts at Compass Point from $65.00 to $75.00. They now have a “neutral” rating on the stock.
• 12/10/2024 – SL Green Realty had its price target raised by analysts at Scotiabank from $80.00 to $81.00. They now have a “sector perform” rating on the stock.
• 12/10/2024 – SL Green Realty was upgraded by analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating. They now have a $80.00 price target on the stock, up previously from $51.00.

SL Green Realty Stock Down 0.2 %

SLG opened at $65.72 on Wednesday. SL Green Realty Corp. has a fifty-two week low of $41.88 and a fifty-two week high of $82.81. The firm has a market capitalization of $4.33 billion, a P/E ratio of 821.44, a PEG ratio of 5.54 and a beta of 1.82. The company’s 50-day moving average is $69.23 and its 200 day moving average is $69.49. The company has a debt-to-equity ratio of 0.90, a current ratio of 3.21 and a quick ratio of 2.58.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings data on Wednesday, January 22nd. The real estate investment trust reported $1.45 EPS for the quarter, beating the consensus estimate of ($0.45) by $1.90. SL Green Realty had a net margin of 2.48% and a negative return on equity of 0.10%. Research analysts expect that SL Green Realty Corp. will post 5.43 earnings per share for the current fiscal year.

SL Green Realty Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, February 18th. Shareholders of record on Friday, January 31st will be given a $0.2575 dividend. The ex-dividend date is Friday, January 31st. This represents a $3.09 annualized dividend and a yield of 4.70%. SL Green Realty’s dividend payout ratio is currently 3,862.50%.

Insider Buying and Selling at SL Green Realty

In other SL Green Realty news, Director Craig M. Hatkoff sold 3,455 shares of SL Green Realty stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $66.30, for a total value of $229,066.50. Following the sale, the director now owns 2,052 shares of the company’s stock, valued at approximately $136,047.60. The trade was a 62.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 5.08% of the company’s stock.

Institutional Investors Weigh In On SL Green Realty

Large investors have recently modified their holdings of the stock. FMR LLC grew its holdings in SL Green Realty by 69.1% during the third quarter. FMR LLC now owns 58,185 shares of the real estate investment trust’s stock valued at $4,050,000 after purchasing an additional 23,780 shares during the period. Weiss Asset Management LP purchased a new position in shares of SL Green Realty during the 3rd quarter valued at $771,000. Citigroup Inc. grew its stake in shares of SL Green Realty by 54.6% during the 3rd quarter. Citigroup Inc. now owns 85,587 shares of the real estate investment trust’s stock worth $5,958,000 after acquiring an additional 30,220 shares during the period. Kestra Investment Management LLC purchased a new stake in SL Green Realty in the 3rd quarter worth about $876,000. Finally, Franklin Resources Inc. bought a new stake in SL Green Realty in the 3rd quarter valued at about $621,000. Hedge funds and other institutional investors own 89.96% of the company’s stock.

3SL Green Realty Corp., Manhattan’s largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. As of June 30, 2022, SL Green held interests in 64 buildings totaling 34.4 million square feet.