SL Green Realty (NYSE:SLG) Updates FY 2026 Earnings Guidance
by Scott Moore · The Cerbat GemSL Green Realty (NYSE:SLG – Get Free Report) updated its FY 2026 earnings guidance on Wednesday. The company provided EPS guidance of 4.400-4.700 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of -.
SL Green Realty Trading Up 2.3%
Shares of NYSE:SLG traded up $0.92 during trading on Wednesday, reaching $41.58. 1,365,620 shares of the stock were exchanged, compared to its average volume of 1,363,167. The firm’s 50-day moving average price is $38.63 and its 200 day moving average price is $45.25. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of -25.83 and a beta of 1.61. SL Green Realty has a 12-month low of $34.77 and a 12-month high of $66.91. The company has a debt-to-equity ratio of 1.05, a quick ratio of 2.66 and a current ratio of 2.66.
SL Green Realty (NYSE:SLG – Get Free Report) last posted its quarterly earnings results on Wednesday, April 15th. The real estate investment trust reported $0.84 EPS for the quarter, beating the consensus estimate of ($0.68) by $1.52. SL Green Realty had a negative net margin of 9.66% and a negative return on equity of 2.44%. SL Green Realty has set its FY 2026 guidance at 4.400-4.700 EPS. On average, sell-side analysts anticipate that SL Green Realty will post 5.43 earnings per share for the current fiscal year.
SL Green Realty Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.6175 per share. The ex-dividend date is Tuesday, March 31st. This represents a $2.47 annualized dividend and a dividend yield of 5.9%. SL Green Realty’s payout ratio is presently -153.42%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on SLG. LADENBURG THALM/SH SH lowered their price target on SL Green Realty from $60.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, December 18th. Piper Sandler decreased their target price on SL Green Realty from $60.00 to $50.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft upgraded SL Green Realty from a “hold” rating to a “buy” rating and dropped their target price for the company from $45.00 to $44.00 in a report on Wednesday, March 18th. UBS Group set a $61.00 price target on SL Green Realty in a report on Wednesday, January 14th. Finally, Morgan Stanley lowered their price objective on shares of SL Green Realty from $43.00 to $36.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 31st. Eight research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.45.
Get Our Latest Stock Analysis on SL Green Realty
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of SLG. Empowered Funds LLC increased its holdings in shares of 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 last quarter. Triumph Capital Management bought a new position in SL Green Realty during the third quarter worth $45,000. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 770 shares during the period. Metis Global Partners LLC increased its stake in SL Green Realty by 4.9% during the fourth quarter. Metis Global Partners LLC now owns 16,802 shares of the real estate investment trust’s stock valued at $771,000 after purchasing an additional 790 shares during the last quarter. 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 valued at $4,639,000 after purchasing an additional 885 shares during the last quarter. 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.