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SL Green Realty stock price target raised to $57 from $56 at Jefferies

Published 22/07/2025, 12:02
SL Green Realty stock price target raised to $57 from $56 at Jefferies
SLG
2.17%

Investing.com - Jefferies raised its price target on SL Green Realty (NYSE:SLG) to $57.00 from $56.00 while maintaining a Hold rating on the stock. According to InvestingPro data, analyst targets for SLG range from $50 to $76, with the stock currently trading at $59.83.

The price target increase reflects Jefferies’ revised financial projections for the real estate investment trust, particularly regarding potential debt extinguishment gains.

Jefferies raised its fiscal year 2025 funds from operations (FFO) per share estimate by $1.80 to $7.25, significantly above both the company’s guidance range of $5.65-$5.95 and the consensus estimate of $5.55.

The higher 2025 estimate primarily reflects the potential for "materially higher debt extinguishment gains" than the $20 million ($0.26 per share) currently included in guidance, with Jefferies assuming an additional $130 million from 1552 Broadway in the fourth quarter of 2025.

For fiscal year 2026, Jefferies raised its FFO per share estimate by 1 cent to $5.34, compared to the consensus of $5.43, with the increase mainly attributed to lower interest expense projections.

In other recent news, SL Green Realty reported its second-quarter 2025 earnings, showing a narrower-than-expected loss with an earnings per share of -$0.16, compared to the anticipated -$0.21. Despite this positive earnings surprise, the company’s revenue did not meet expectations, totaling $147.54 million against a forecast of $157.96 million. In addition to the earnings report, Evercore ISI reiterated its Outperform rating on SL Green Realty, maintaining a price target of $74.00. These developments come amidst a recent dip in SL Green’s stock following the earnings announcement. The company’s stock traded down 4.1%, indicating that investor expectations were not fully met by the earnings results. The reaffirmation of the Outperform rating by Evercore ISI suggests continued confidence in SL Green’s potential. These recent developments provide a snapshot of SL Green Realty’s current financial landscape.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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