SL Green Realty
About: SL Green Realty is one of the largest Manhattan property owners and landlords, with interest in around 32 million square feet of wholly owned and joint-venture office space. The company has additional property exposure through its limited portfolio of well-located retail space. It operates as a real estate investment trust.
Employees: 1,221
0
Funds holding %
of 7,372 funds
0
Analysts bullish %
of 8 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
63% more repeat investments, than reductions
Existing positions increased: 145 | Existing positions reduced: 89
55% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 38
5% more funds holding
Funds holding: 323 [Q3] → 339 (+16) [Q4]
4% more capital invested
Capital invested by funds: $4.08B [Q3] → $4.26B (+$175M) [Q4]
3.27% less ownership
Funds ownership: 90.67% [Q3] → 87.41% (-3.27%) [Q4]
25% less funds holding in top 10
Funds holding in top 10: 4 [Q3] → 3 (-1) [Q4]
69% less call options, than puts
Call options by funds: $87.5M | Put options by funds: $284M
Research analyst outlook
8 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$55
1%
downside
Avg. target
$68
23%
upside
High target
$76
37%
upside
8 analyst ratings
0 positive
0%
8 neutral
100%
0 negative
0%
Morgan Stanley Ronald Josey 44% 1-year accuracy 26 / 59 met price target | 1%downside $55 | Equal-Weight Maintained | 12 Mar 2025 |
Scotiabank Nicholas Yulico 48% 1-year accuracy 19 / 40 met price target | 35%upside $75 | Sector Perform Maintained | 28 Feb 2025 |
Wells Fargo Blaine Heck 31% 1-year accuracy 5 / 16 met price target | 24%upside $69 | Equal-Weight Maintained | 3 Feb 2025 |
Barclays Anthony Powell 48% 1-year accuracy 12 / 25 met price target | 37%upside $76 | Equal-Weight Maintained | 28 Jan 2025 |
B of A Securities James Feldman 63% 1-year accuracy 12 / 19 met price target | 31%upside $73 | Neutral Maintained | 27 Jan 2025 |
Financial journalist opinion
Based on 9 articles about SLG published over the past 30 days
Positive
Zacks Investment Research
6 days ago
Key Reasons to Add SL Green to Your Portfolio Right Now
SLG is set to gain from high demand for top-quality office properties, a diverse tenant base and its focus on opportunistic investments.
Positive
Zacks Investment Research
1 week ago
SL Green Secures Renewal & Expansion Lease at 125 Park Avenue
SLG's securing of a renewal and expansion lease with Newmark at 125 Park Avenue highlights healthy demand for its properties.
Negative
Seeking Alpha
1 week ago
3 Popular REITs To Sell Before It Is Too Late
REITs are offering a historic opportunity. But not all REITs are worth buying. I highlight 3 popular to sell.
Neutral
GlobeNewsWire
1 week ago
SL Green Signs 144,000 Square Foot Renewal and Expansion Lease with Newmark at 125 Park Avenue
NEW YORK, March 03, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), Manhattan's largest office landlord, today announced it has signed a fifteen-year, 144,418 square foot renewal and expansion lease with Newmark & Company Real Estate, Inc. at 125 Park Avenue, increasing Newmark's current footprint to 184,239 square feet. To date in 2025, SL Green has signed Manhattan office leases totaling 455,008 square feet, while maintaining a current pipeline of approximately 975,000 square feet.
Neutral
Zacks Investment Research
2 weeks ago
Is the Options Market Predicting a Spike in SL Green (SLG) Stock?
Investors need to pay close attention to SL Green (SLG) stock based on the movements in the options market lately.
Positive
Seeking Alpha
2 weeks ago
SL Green Preferreds: Common Has More To Gain In Redevelopment Effort
SL Green Realty Corp. logged a decent quarter with improved same-store performance and lower vacancy rates, though concerns remain about return-to-office mandates and interest rate outlook. Demand is up for trophy real estate, which SLG has in droves. Lease terms are looking quite good, and their pipeline is well subscribed. Preferreds are less risky but face duration effects; common shares offer better relative risk-reward due to potential gains from a capitally intensive redevelopment.
Neutral
GlobeNewsWire
3 weeks ago
SL Green Realty Corp. to Participate in Citi's 30th Annual Global Property CEO Conference
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE: SLG), New York City's largest office landlord, today announced that Marc Holliday, Chairman and Chief Executive Officer, and Matt DiLiberto, Chief Financial Officer, will participate in a roundtable discussion at Citi's 30th Annual Global Property CEO Conference on Monday, March 3, 2025 at 8:50 AM ET. The roundtable discussion will be webcast.
Positive
Seeking Alpha
3 weeks ago
SL Green: On To Fiscal Year 2025
SL Green Realty Corp. had a stellar fiscal year 2024, outperforming the struggling office REIT sector and defying market expectations. The company's low debt levels are a competitive advantage. Superior management has achieved high returns with less leverage, contrasting with the common investor preference for high-debt.
Neutral
GlobeNewsWire
3 weeks ago
SL Green Realty Corp. Announces Common Stock Dividend
NEW YORK, Feb. 18, 2025 (GLOBE NEWSWIRE) -- SL Green Realty Corp. (NYSE:SLG), Manhattan's largest office landlord, today announced that its board of directors has declared a monthly ordinary dividend of $0.2575 per share of common stock, which is the equivalent of an annualized dividend of $3.09 per share. The dividend is payable in cash on March 17, 2025 to shareholders of record at the close of business on February 28, 2025.
Positive
CNBC
1 month ago
New York City office demand is finally back to normal
Demand for New York City office space has finally returned to pre-pandemic levels. During the fourth quarter, office demand in the city jumped 25% from the year before, according to VTS
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