SL Green Realty (NYSE:SLG) Trading 8.8% Higher After Better-Than-Expected Earnings

Shares of SL Green Realty Corporation (NYSE:SLG) shot up 8.8% during mid-day trading on Thursday following a stronger than expected earnings report. The company traded as high as $54.99 and last traded at $54.5490. 548,842 shares changed hands during trading, a decline of 57% from the average session volume of 1,262,073 shares. The stock had previously closed at $50.12.

The real estate investment trust reported ($0.38) EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $171.85 million for the quarter, compared to analysts’ expectations of $179.01 million. During the same quarter in the previous year, the firm earned $1.63 earnings per share. The business’s revenue was up 16.5% compared to the same quarter last year. SL Green Realty has set its FY 2026 guidance at 5.600-5.900 EPS.

SL Green Realty Dividend Announcement

The company also recently declared 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. This represents a $2.47 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date was Tuesday, June 30th. SL Green Realty’s dividend payout ratio (DPR) is currently -98.41%.

SL Green Realty News Summary

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

• Positive Sentiment: SL Green reported Q2 2026 FFO of $1.43 per share, above estimates of $1.19, signaling stronger-than-expected operating performance. Article: SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company also raised FY 2026 EPS guidance to $5.60-$5.90, well above the consensus estimate of $4.61, which supports expectations for better full-year profitability. Article: SL Green Realty Corp. Reports Second Quarter 2026 EPS and FFO
• Positive Sentiment: SL Green signed a 98,000-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premium Manhattan office space and adding to its leasing pipeline. Article: SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Analysts turned more constructive, with Scotiabank boosting its price target to $56 and Mizuho saying the stock should rise, adding outside validation to the earnings-driven rally. Article: Scotiabank Boosts SL Green Realty Price Target
• Neutral Sentiment: Revenue of $171.85 million came in below the Street’s estimate of $179.01 million, partly offsetting the earnings beat. Reference: MarketBeat SLG earnings report
• Neutral Sentiment: Investors are also watching commentary around the company’s Q2 2026 earnings preview and key metrics, which may shape near-term sentiment but add little new upside by themselves. Article: Compared to Estimates, SL Green Q2 Earnings: A Look at Key Metrics

Analysts Set New Price Targets

SLG has been the subject of a number of research reports. Truist Financial boosted their price objective on SL Green Realty from $44.00 to $46.00 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. UBS Group set a $56.00 target price on shares of SL Green Realty in a research report on Monday, July 6th. Weiss Ratings raised shares of SL Green Realty from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, May 28th. Mizuho upped their price target on shares of SL Green Realty from $38.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Morgan Stanley set a $52.00 price target on shares of SL Green Realty and gave the stock an “equal weight” rating in a research note on Wednesday. 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 company has an average rating of “Hold” and a consensus price target of $53.30.

Institutional Trading of SL Green Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in SLG. SG Americas Securities LLC lifted its position in SL Green Realty by 63.8% during the 4th quarter. SG Americas Securities LLC now owns 80,888 shares of the real estate investment trust’s stock worth $3,710,000 after acquiring an additional 31,505 shares during the period. Hosking Partners LLP increased its holdings in shares of SL Green Realty by 18.5% in the fourth quarter. Hosking Partners LLP now owns 290,166 shares of the real estate investment trust’s stock valued at $13,310,000 after purchasing an additional 45,337 shares during the period. M&T Bank Corp acquired a new position in shares of SL Green Realty in the fourth quarter valued at approximately $43,201,000. Levin Capital Strategies L.P. purchased a new stake in shares of SL Green Realty during the fourth quarter worth approximately $3,588,000. Finally, Nan Fung Trinity HK Ltd. purchased a new stake in shares of SL Green Realty during the fourth quarter worth approximately $6,230,000. 89.96% of the stock is owned by hedge funds and other institutional investors.

SL Green Realty Trading Up 7.7%

The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. The company has a fifty day moving average of $48.66 and a two-hundred day moving average of $44.07. The stock has a market capitalization of $3.85 billion, a price-to-earnings ratio of -19.77 and a beta of 1.58.

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.