Fiserv earnings missed by $0.61, revenue fell short of estimates
Investing.com - Piper Sandler has reiterated an Overweight rating and $72.00 price target on SL Green Realty (NYSE:SLG), currently trading at $52.60, despite the stock underperforming peers by approximately 660 basis points following recent earnings. According to InvestingPro data, the stock has declined nearly 8% in the past week, with analyst targets ranging from $50 to $76.
The research firm noted that SL Green is "better positioned than even we thought" heading into 2026, citing the company’s ability to capitalize on New York City’s rapid office rebound. Piper Sandler identified five key areas of investor concern: funding capital commitments, sustainability of debt gains, releasing spreads, management, and the dividend. InvestingPro highlights the company’s impressive 29-year streak of consecutive dividend payments, with a current yield of 5.88%.
The analysis affirmed Piper Sandler’s comfort with the first four areas of concern, while noting the dividend mirrors taxable income, which is driven by transactions not necessarily captured in FFO, such as asset sales.
SL Green faces low lease expirations over the next several years, according to the report. Deals signed to backfill pandemic vacancy are steadily taking effect, a process that typically requires 12-18 months.
The firm expects these factors to translate to accelerating earnings for SL Green Realty, supporting the maintained Overweight rating on the stock.
In other recent news, SL Green Realty Corp. reported its third-quarter 2025 earnings, exceeding Wall Street expectations with a notable performance. The company achieved an earnings per share (EPS) of $0.34, significantly outperforming the anticipated -$0.34. Revenue also surpassed projections, reaching $244.82 million compared to the forecast of $156.92 million, marking a surprise of 56.02%. Despite these strong results, Truist Securities lowered its price target on SL Green Realty to $54.00 from $58.00, maintaining a Hold rating on the stock. The firm cited concerns over declining funds from operations (FFO) estimates for SL Green Realty. Additionally, they noted that the funds available for distribution per share (FADps) have significantly declined every year since 2020. These developments highlight the ongoing challenges and achievements faced by SL Green Realty in the current market landscape.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.