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

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

SL Green Realty Stock Up 7.7%

NYSE:SLG opened at $53.96 on Friday. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $66.29. The stock’s fifty day simple moving average is $48.66 and its 200-day simple moving average is $44.07. The firm has a market capitalization of $3.85 billion, a P/E ratio of -19.77 and a beta of 1.58.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported ($0.38) earnings per share for the quarter, beating the consensus estimate of ($0.59) by $0.21. SL Green Realty had a negative return on equity of 4.45% and a negative net margin of 16.92%.The firm had revenue of $171.85 million for the quarter, compared to analyst estimates of $179.01 million. During the same quarter in the prior year, the firm posted $1.63 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS. Equities research analysts expect that SL Green Realty will post 4.58 earnings per share for the current year.

SL Green Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.6175 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $2.47 annualized dividend and a yield of 4.6%. SL Green Realty’s dividend payout ratio (DPR) is presently -98.41%.

Analyst Ratings Changes

Several equities research analysts have weighed in on SLG shares. Citigroup reiterated a “buy” rating on shares of SL Green Realty in a report on Friday. Piper Sandler reiterated an “overweight” rating and set a $65.00 price objective (up from $50.00) on shares of SL Green Realty in a report on Tuesday. Weiss Ratings upgraded SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, May 28th. LADENBURG THALM/SH SH lifted their price target on shares of SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Barclays set a $52.00 price target on shares of SL Green Realty and gave the company an “equal weight” rating in a report on Tuesday. Seven analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.30.

Institutional Trading of SL Green Realty

A number of large investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers raised its stake in SL Green Realty by 60.3% in the 4th quarter. Cetera Investment Advisers now owns 6,058 shares of the real estate investment trust’s stock valued at $278,000 after acquiring an additional 2,278 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in shares of SL Green Realty by 27.6% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 5,749 shares of the real estate investment trust’s stock worth $264,000 after buying an additional 1,242 shares during the period. Empowered Funds LLC raised its holdings in SL Green Realty by 6.2% in the 4th quarter. Empowered Funds LLC now owns 6,220 shares of the real estate investment trust’s stock valued at $285,000 after acquiring an additional 361 shares during the period. CIBC Asset Management Inc raised its holdings in SL Green Realty by 97.7% in the 4th quarter. CIBC Asset Management Inc now owns 6,755 shares of the real estate investment trust’s stock valued at $310,000 after acquiring an additional 3,338 shares during the period. Finally, Virtu Financial LLC bought a new stake in shares of SL Green Realty during the third quarter worth approximately $277,000. Institutional investors and hedge funds 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.