SL Green Realty

SLG · NYSE

$47.02+$2.02 (+4.49%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $45.00

SLG analyst rating

HoldConsensus of 17 analysts over the last 12 months. 35% rate it a buy.

Strong buy0
Buy6
Hold10
Underperform0
Sell1

12-month price target · 17 analysts

Average $58.79 (+25.0% upside)

Low: $43.43
Now: $47.02
High: $82.95

Upgrades and downgrades

The latest rating actions, newest first

SLG analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Oct 12, 2026	Maintains	Overweight	$79.00 → $64.00	44%
Evercore ISI Group	Sep 21, 2026	Maintains	In-Line	$58.00 → $60.00	45%
Scotiabank	Sep 17, 2026	Maintains	Sector Outperform	$60.00 → $59.00	47%
Barclays	Sep 8, 2026	Maintains	Equal-Weight	$52.00 → $54.00	32%
Wells Fargo	Sep 1, 2026	Maintains	Equal-Weight	$44.00 → $56.50	42%
JP Morgan	Aug 25, 2026	Maintains	Neutral	$51.00 → $61.00	58%
Truist Securities	Aug 24, 2026	Maintains	Hold	$46.00 → $57.00	45%
Scotiabank	Aug 5, 2026	Maintains	Sector Outperform	$56.00 → $60.00	47%
BMO Capital	Jul 27, 2026	Maintains	Outperform	$52.00 → $60.00	47%
Citigroup	Jul 24, 2026	Maintains	Buy	$45.00 → $60.00	44%

The case for and against

Updated Oct 8, 2026

Bull case

SL Green Realty is benefiting from a tighter Manhattan office market, where limited supply is improving the outlook for assets like 1515 Broadway and Worldwide Plaza, while strong corporate earnings and healthy office leasing volume support demand. The company’s operating outlook is also improving, with FFO expected to rise to $5.76 in 2026E and $6.08 in 2027E, occupancy projected to improve by roughly 100 bps in 2026 and another 90 bps in 2027, and management seeing $1.00 of the $1.20 earnings improvement as recurring. Even after recent share strength, its valuation remains reasonable at 9.8x 2026E NFFO versus 10.0x 2027E FFO, and successful dispositions could put it ahead of its $2.5 billion stretch goal.

Bear case

SL Green Realty is facing a cautious outlook because a large 1Q26 miss versus estimates forced a reduction in 2026 FFO to $4.45 per share from $4.67, still below the $4.61 consensus, signaling that near-term earnings momentum is weaker than expected. Although management’s $4.40-$4.70 guidance range implies a midpoint of $4.55, the company still depends on a significant ramp for the rest of the year and on disposition timing and pricing that could materially affect results. Even with a modest 2027 recovery to $4.59 per share, the outlook remains pressured by the gap between leased and economic occupancy, while higher-for-longer rates, softer tenant demand, and capital cost uncertainty add further downside risk.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.