Scotiabank Has Lowered Expectations for SL Green Realty (NYSE:SLG) Stock Price

SL Green Realty (NYSE:SLG) had its price objective reduced by analysts at Scotiabank from $61.00 to $51.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “sector outperform” rating on the real estate investment trust’s stock. Scotiabank’s price objective would suggest a potential upside of 30.47% from the stock’s current price.

SLG has been the topic of a number of other reports. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of SL Green Realty in a research note on Wednesday, January 21st. The Goldman Sachs Group set a $37.00 price target on shares of SL Green Realty and gave the stock a “sell” rating in a report on Friday, February 6th. BMO Capital Markets dropped their price target on shares of SL Green Realty from $63.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, December 8th. Zacks Research upgraded shares of SL Green Realty from a “strong sell” rating to a “hold” rating in a research report on Wednesday, February 25th. Finally, Evercore set a $54.00 target price on shares of SL Green Realty and gave the stock an “outperform” rating in a research note on Monday, December 8th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, SL Green Realty currently has a consensus rating of “Hold” and an average price target of $52.80.

SL Green Realty Stock Performance

Shares of SL Green Realty stock opened at $39.09 on Monday. The stock has a market cap of $2.79 billion, a price-to-earnings ratio of -24.28 and a beta of 1.66. SL Green Realty has a twelve month low of $35.03 and a twelve month high of $66.91. The company’s fifty day moving average is $43.83 and its 200 day moving average is $49.79. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 1.05.

SL Green Realty (NYSE:SLG) last announced its earnings results on Wednesday, January 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.03. SL Green Realty had a negative return on equity of 2.44% and a negative net margin of 9.66%.The business had revenue of $159.82 million during the quarter, compared to analyst estimates of $162.73 million. During the same period last year, the company earned $1.81 EPS. SL Green Realty’s revenue for the quarter was up 14.5% compared to the same quarter last year. Sell-side analysts forecast that SL Green Realty will post 5.43 EPS for the current year.

Insider Buying and Selling at SL Green Realty

In other SL Green Realty news, CEO Marc Holliday sold 22,223 shares of SL Green Realty stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $44.40, for a total value of $986,701.20. Following the completion of the sale, the chief executive officer directly owned 9,698 shares of the company’s stock, valued at approximately $430,591.20. The trade was a 69.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Andrew S. Levine sold 1,493 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of $45.27, for a total transaction of $67,588.11. Following the transaction, the insider owned 7,045 shares in the company, valued at $318,927.15. This represents a 17.49% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 5.04% of the company’s stock.

Institutional Trading of SL Green Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd raised its holdings in shares of SL Green Realty by 282.5% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 52,986 shares of the real estate investment trust’s stock worth $3,169,000 after acquiring an additional 39,135 shares during the last quarter. American Century Companies Inc. bought a new stake in SL Green Realty during the 2nd quarter worth approximately $12,841,000. Greenland Capital Management LP purchased a new stake in shares of SL Green Realty in the second quarter worth approximately $4,176,000. Prudential Financial Inc. raised its stake in shares of SL Green Realty by 104.1% in the second quarter. Prudential Financial Inc. now owns 1,622,594 shares of the real estate investment trust’s stock worth $100,439,000 after purchasing an additional 827,407 shares during the last quarter. Finally, Strs Ohio lifted its holdings in shares of SL Green Realty by 78.6% in the third quarter. Strs Ohio now owns 138,800 shares of the real estate investment trust’s stock valued at $8,302,000 after purchasing an additional 61,100 shares in the last quarter. 89.96% of the stock is owned by institutional investors.

Key SL Green Realty News

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

• Positive Sentiment: Signed 32 Manhattan office leases totaling ~491,098 sq ft in Jan–Feb 2026 and reports a pipeline >1.0M sq ft — notable deals include a 150k+ sq ft expansion at 245 Park and TD Securities’ expansion. Management says rents are rising and concessions are tightening, which supports higher cash flow and occupancy recovery in Midtown Manhattan. SL Green Signs Office Leases
• Positive Sentiment: Completed sale of 690 Madison Avenue for $54.5M (asset fully leased to Van Cleef & Arpels). The disposition monetizes a retail asset and can redeploy capital or reduce leverage — a clear near-term balance-sheet/portfolio-management positive. 690 Madison Sale
• Positive Sentiment: Promoted Harrison Sitomer to President & Chief Investment Officer and extended CFO and COO contracts — signals leadership continuity and could improve capital-allocation execution as SLG repositions its portfolio. Executive Promotion
• Neutral Sentiment: Management presented at Citi’s Miami Global Property CEO Conference (transcript and slideshow available). Expect reiteration of leasing trends, pipeline and portfolio strategy; useful for modeling guidance but not new earnings data. Conference Transcript Slideshow
• Negative Sentiment: Scotiabank lowered its price target from $61 to $51 while keeping a “sector outperform” rating. The cut trims analyst upside and may weigh on near-term sentiment despite the maintained positive stance. Analyst Price Target Change

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.