30,218 Shares in SL Green Realty Corporation $SLG Purchased by Summit Place Financial Advisors LLC

Summit Place Financial Advisors LLC bought a new stake in SL Green Realty Corporation (NYSE:SLG) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,218 shares of the real estate investment trust’s stock, valued at approximately $1,478,000.

Several other large investors also recently added to or reduced their stakes in SLG. BlackRock Inc. acquired a new position in shares of SL Green Realty during the 2nd quarter worth $706,881,000. Deutsche Bank AG acquired a new stake in shares of SL Green Realty in the 2nd quarter valued at $58,202,000. Bank of New York Mellon Corp acquired a new stake in shares of SL Green Realty in the 2nd quarter valued at $42,277,000. Bank of America Corp DE lifted its stake in shares of SL Green Realty by 226.6% in the 1st quarter. Bank of America Corp DE now owns 744,053 shares of the real estate investment trust’s stock valued at $27,485,000 after purchasing an additional 516,242 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in SL Green Realty in the second quarter worth $27,344,000. 89.96% of the stock is owned by institutional investors.

SL Green Realty Trading Up 0.2%

NYSE:SLG opened at $50.24 on Monday. The company’s 50 day moving average is $52.05 and its 200-day moving average is $49.38. The company has a quick ratio of 3.10, a current ratio of 2.92 and a debt-to-equity ratio of 1.11. SL Green Realty Corporation has a 12 month low of $34.77 and a 12 month high of $60.09. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of -24.39, a P/E/G ratio of 4.06 and a beta of 1.66.

SL Green Realty (NYSE:SLG) last posted its quarterly earnings data on Wednesday, October 21st. The real estate investment trust reported $1.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.25) by $1.26. The business had revenue of $165.55 million during the quarter, compared to the consensus estimate of $176.97 million. SL Green Realty had a negative net margin of 12.03% and a negative return on equity of 3.18%. SL Green Realty’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.58 EPS. Equities analysts anticipate that SL Green Realty Corporation will post 5.72 EPS for the current year.

SL Green Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 4.9%. The ex-dividend date was Wednesday, September 30th. SL Green Realty’s dividend payout ratio (DPR) is -119.90%.

More SL Green Realty News

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

• Positive Sentiment: 2026 guidance was raised materially: SL Green now expects full-year earnings of $6.50–$6.70 per share, well above the $5.69 consensus estimate. Management attributed part of the improvement to incremental income from property transactions, including the planned sale of 110 Greene Street for $226 million. SL Green Realty Corp. Increases Earnings Guidance
• Positive Sentiment: Leasing momentum remained strong: The REIT signed 38 Manhattan office leases covering 591,108 square feet, while same-store office occupancy reached 95% at September 30, including leases that have not yet commenced. This supports management’s optimistic outlook for New York City office demand. SL Green Realty Boosts Outlook Amid Strong Manhattan Leasing
• Positive Sentiment: Quarterly net income improved: Third-quarter net income attributable to common shareholders rose to $1.01 per share from $0.34 a year earlier. SL Green also completed the sale of 10 East 53rd Street for $312.2 million, generating $99 million in net cash proceeds.
• Neutral Sentiment: Core FFO largely met expectations: Third-quarter FFO was $1.59 per share, nearly unchanged from $1.58 a year earlier and in line with the consensus estimate. Revenue increased year over year but was below analysts’ forecast, limiting the quarter’s underlying earnings upside. SL Green Matches Q3 FFO Estimates
• Negative Sentiment: Analyst sentiment weakened: Zacks Research downgraded SL Green from “strong buy” to “hold,” while J.P. Morgan also maintained a hold rating. The ratings may temper enthusiasm because the higher outlook depends partly on asset sales and other potentially nonrecurring income.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Mizuho set a $53.00 price objective on shares of SL Green Realty in a report on Tuesday, September 8th. LADENBURG THALM/SH SH raised their target price on SL Green Realty from $42.00 to $46.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Piper Sandler set a $64.00 price target on SL Green Realty and gave the stock an “overweight” rating in a research report on Monday, October 12th. Scotiabank decreased their price target on SL Green Realty from $60.00 to $59.00 and set a “sector outperform” rating for the company in a research note on Thursday, September 17th. Finally, Citigroup reissued a “buy” rating and set a $60.00 price objective (up from $45.00) on shares of SL Green Realty in a report on Friday, July 24th. Six equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $55.15.

Insider Buying and Selling

In other SL Green Realty news, insider Harrison Sitomer sold 23,113 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $57.71, for a total transaction of $1,333,851.23. Following the completion of the transaction, the insider owned 109,468 shares of the company’s stock, valued at $6,317,398.28. The trade was a 17.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 5.94% of the stock is owned by company insiders.

About SL Green Realty

SL Green Realty Corp. (NYSE: SLG) is a self-managed real estate investment trust focused primarily on acquiring, owning, managing and redeveloping commercial properties in Manhattan. The company is one of New York City’s prominent office landlords, with a portfolio concentrated in high-quality office buildings and related retail assets.

Its activities include leasing office and retail space, property management, redevelopment and development projects, and providing amenities and services designed to support tenants.