SL Green Realty (NYSE:SLG) Updates FY 2026 Earnings Guidance

SL Green Realty (NYSE:SLG) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 5.600-5.900 for the period, compared to the consensus estimate of 4.610. The company issued revenue guidance of -.

Analysts Set New Price Targets

Several analysts recently issued reports on SLG shares. UBS Group set a $56.00 target price on SL Green Realty in a research report on Monday, July 6th. LADENBURG THALM/SH SH upped their price target on SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company increased their price objective on shares of SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. Barclays set a $52.00 price objective on shares of SL Green Realty and gave the company an “equal weight” rating in a research report on Tuesday. Finally, Piper Sandler reissued an “overweight” rating and issued a $65.00 target price (up from $50.00) on shares of SL Green Realty in a report on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $53.30.

SL Green Realty Trading Down 1.4%

NYSE:SLG opened at $50.11 on Thursday. The firm has a 50-day simple moving average of $48.45 and a 200-day simple moving average of $44.02. SL Green Realty has a one year low of $34.77 and a one year high of $66.29. The firm 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 data on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.64) by $0.26. The company had revenue of $171.85 million for the quarter, compared to analyst estimates of $179.01 million. SL Green Realty had a negative net margin of 15.77% and a negative return on equity of 4.06%. SL Green Realty’s revenue was up 16.5% compared to the same quarter last year. During the same period last year, the company posted $1.63 earnings per share. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Equities analysts anticipate that SL Green Realty will post 4.61 EPS for the current fiscal year.

SL Green Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.6175 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $2.47 dividend on an annualized basis and a dividend yield of 4.9%. SL Green Realty’s dividend payout ratio (DPR) is currently -98.41%.

Key SL Green Realty News

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, topping estimates, and raised FY 2026 EPS guidance to 5.60-5.90 versus the 4.61 consensus, signaling stronger full-year profitability expectations. Article Title
• Positive Sentiment: The company signed a 98,420-square-foot 10-year lease at 11 Madison Avenue with an AI tenant, reinforcing demand for premium Manhattan office space and supporting leasing momentum. Article Title
• Positive Sentiment: Scotiabank raised its price target on SL Green to $56 from $53 and kept a sector outperform rating, while Mizuho also published a note saying the stock could rise, adding to bullish analyst sentiment. Article Title Article Title
• Neutral Sentiment: Revenue came in at $171.85 million, below the $179.01 million estimate, and reported EPS was negative on a GAAP basis, which tempers the stronger FFO result. Article Title

Institutional Investors Weigh In On SL Green Realty

Institutional investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC increased its holdings in shares of 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. Triumph Capital Management acquired a new position in SL Green Realty in the third quarter valued at approximately $45,000. AQR Capital Management LLC grew its position in SL Green Realty by 2.9% in the fourth quarter. AQR Capital Management LLC now owns 27,234 shares of the real estate investment trust’s stock worth $1,249,000 after acquiring an additional 770 shares during the period. Metis Global Partners LLC grew its position in SL Green Realty by 4.9% in the fourth quarter. Metis Global Partners LLC now owns 16,802 shares of the real estate investment trust’s stock worth $771,000 after acquiring an additional 790 shares during the period. Finally, Deutsche Bank AG increased its stake in SL Green Realty by 0.9% during the fourth quarter. Deutsche Bank AG now owns 101,130 shares of the real estate investment trust’s stock worth $4,639,000 after acquiring an additional 885 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

About SL Green Realty

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.