Evercore ISI Reiterates Buy Rating on SL Green Realty Corp.
Evercore ISI Group maintains its buy rating on SL Green Realty with a $54 price target, a 10.43% upside from the current price.
Key Points
- Evercore ISI Group reiterated its buy rating on SL Green Realty Corp. (NYSE: SLG) with a price target of $54 as of June 15, 2026.
- Evercore ISI Group's $54 price target implies 10.43% upside from SL Green Realty Corp.'s ($SLG) current $48.90 share price.
- SL Green Realty Corp. shares are trading at $51.15 with a market cap of around $3.66 billion, a forward P/E ratio that isn't meaningful due to negative earnings, and a beta of 1.604.
- Recent insider activity includes sales by executives like Andrew Mathias and Andrew Levine, while President & CEO Marc Holliday made a significant purchase in February 2026.
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Evercore ISI Group has reiterated its buy rating on SL Green Realty Corp. (NYSE: SLG) as of June 15, 2026. The firm set a price target of $54 for the real estate investment trust, which focuses on Manhattan office properties. SL Green Realty's stock currently trades at $51.15.
Other Institutional Activity in SL Green Realty Corp.
BlackRock, Inc. grew its holdings in SL Green by 65,317 shares, resulting in a total of 13,379,191 shares valued at about $494.23 million. Cohen & Steers, Inc. added 1,061,952 shares, ending with 3,714,293 shares worth approximately $137.21 million. State Street Corp, however, reduced its position by 103,182 shares, leaving it with 4,071,540 shares valued at $152.88 million.
SL Green Realty Corp. Stock Down 15.0%
Shares of SL Green Realty Corp. are trading at $51.15. The company has a market capitalization of roughly $3.66 billion. Its forward P/E ratio is not meaningful due to negative earnings, and it has a beta of 1.604, indicating higher volatility compared to the market. The stock's 52-week range is between $34.77 and $66.29, with a 50-day moving average of $43.75 and a 200-day moving average of $46.80.
$SLG price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
SL Green Realty Corp. reported revenue of $937.37 million, though it experienced a revenue decline of 4%. The company's net margin is negative at -16.17%, and it has a return on equity of -3.47%. The next earnings report is scheduled for July 22, 2026.
Dividend
SL Green Realty Corp. pays an annual dividend of $2.68 per share, yielding 5.2%. The dividend payout ratio is high at 153.75%.
Insider Buying and Selling at SL Green Realty Corp.
Recent insider transactions include sales by Andrew Mathias, who sold 100,000 shares on May 19, 2026, at an average price of $43.94, and Andrew Levine, the Chief Legal Officer & General Counsel, who sold 33,542 shares on May 4, 2026, at $42.89. In contrast, President & CEO Marc Holliday purchased 361,929 shares on February 12, 2026, although the transaction price was not disclosed.
Analysts Set New Price Targets
On June 15, 2026, Evercore ISI Group maintained its buy rating with a $54 price target. Wells Fargo also maintained a hold rating with a $44 target on June 1, 2026. Scotiabank reiterated a buy rating on May 21, 2026, with a $53 target. The consensus among 18 analysts results in a buy recommendation, with a mean price target of $48.06.
About SL Green Realty Corp.
SL Green Realty Corp. is a real estate investment trust (REIT) and the largest office landlord in Manhattan. The company focuses on acquiring and managing commercial properties in the city. As of March 31, 2026, SL Green holds interests in 55 buildings, totaling 30.8 million square feet. The company is headquartered in New York, NY, and led by CEO Marc Holliday.
Bottom Line
Evercore ISI's reaffirmation of a buy rating for SL Green Realty Corp. suggests continued optimism about the company's prospects despite recent financial challenges. Investors often track these ratings to gauge market sentiment. As with all 13F filings and analyst reports, these ratings reflect past data and may not indicate current positions or future performance.
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