Levin Capital Strategies L.P. Buys 239,262 Shares of SL Green Realty Corporation $SLG

Levin Capital Strategies L.P. lifted its stake in SL Green Realty Corporation (NYSE:SLG) by 305.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 317,474 shares of the real estate investment trust’s stock after purchasing an additional 239,262 shares during the quarter. Levin Capital Strategies L.P.’s holdings in SL Green Realty were worth $11,727,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Cohen & Steers Inc. purchased a new stake in SL Green Realty during the 4th quarter valued at $121,675,000. Goldman Sachs Group Inc. boosted its stake in SL Green Realty by 62.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 2,918,292 shares of the real estate investment trust’s stock worth $133,862,000 after buying an additional 1,117,357 shares during the period. Norges Bank purchased a new position in SL Green Realty during the fourth quarter worth $44,094,000. M&T Bank Corp purchased a new position in SL Green Realty during the fourth quarter worth $43,201,000. Finally, Victory Capital Management Inc. increased its position in SL Green Realty by 535.3% during the fourth quarter. Victory Capital Management Inc. now owns 1,107,618 shares of the real estate investment trust’s stock valued at $50,806,000 after acquiring an additional 933,272 shares during the last quarter. Institutional investors own 89.96% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SLG shares. Mizuho increased their target price on shares of SL Green Realty from $38.00 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday. LADENBURG THALM/SH SH lifted their price target on shares of SL Green Realty from $42.00 to $46.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Wells Fargo & Company upped their price target on shares of SL Green Realty from $40.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. UBS Group set a $56.00 price objective on shares of SL Green Realty in a research report on Monday, July 6th. Finally, Evercore lowered shares of SL Green Realty from an “outperform” rating to an “in-line” rating and set a $56.00 price objective on the stock. in a research report on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.30.

SL Green Realty Stock Performance

Shares of SL Green Realty stock opened at $50.11 on Thursday. The stock’s fifty day moving average is $48.45 and its two-hundred day moving average is $44.02. The company has a market capitalization of $3.58 billion, a PE ratio of -19.97 and a beta of 1.58. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 1.18. SL Green Realty Corporation has a 52 week low of $34.77 and a 52 week high of $66.29.

SL Green Realty (NYSE:SLG) last released its earnings results on Wednesday, July 22nd. The real estate investment trust reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.64) by $2.07. SL Green Realty had a negative return on equity of 4.06% and a negative net margin of 15.77%.The business had revenue of $171.85 million for the quarter, compared to analyst estimates of $179.01 million. During the same quarter last year, the firm posted $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. As a group, analysts expect that SL Green Realty Corporation will post 4.61 earnings per share for the current year.

SL Green Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.6175 dividend. This represents a $2.47 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend was Tuesday, June 30th. SL Green Realty’s dividend payout ratio (DPR) is currently -98.41%.

Key SL Green Realty News

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

• Positive Sentiment: SL Green reported second-quarter FFO of $1.43 per share, beating estimates of $1.19, and also delivered revenue above expectations, signaling stronger-than-expected core earnings for the office REIT. SL Green (SLG) Q2 FFO and Revenues Beat Estimates
• Positive Sentiment: The company updated FY 2026 EPS guidance to $5.60-$5.90, which is well above the consensus estimate of $4.61 and suggests management sees improving earnings momentum ahead.
• Positive Sentiment: SL Green also announced a 98,420-square-foot lease at 11 Madison Avenue with a leading AI tenant, reinforcing demand for premier Manhattan office space and supporting its leasing pipeline. SL Green Inks 98,000 Square Foot Lease at 11 Madison Avenue
• Positive Sentiment: Scotiabank raised its price target on SLG to $56 from $53 and kept an outperform rating, reflecting a constructive view on the stock’s near-term upside.
• Neutral Sentiment: Despite the earnings beat, SL Green still reported a net loss of $0.38 per share and negative margins, so investors may be cautious about the pace of a full recovery. SL Green Realty Corp. Reports Second Quarter 2026 EPS of ($0.38) per Share; and FFO of $1.43 per Share
• Neutral Sentiment: Mizuho also lifted its target to $46, but kept a neutral rating, indicating analysts remain divided on valuation after the recent run-up.

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.