Goldman Sachs Lowers its Price Target on SL Green Realty Corp. (SLG) to $37 and Maintains a Sell Rating

SL Green Realty Corp. (NYSE:SLG) is included in our list of Real Estate Investing for Beginners: 10 Best Stocks to Buy.

On February 6, 2026, Goldman Sachs lowered its price target on SL Green Realty Corp. (NYSE:SLG) to $37 from $42 previously and maintained a Sell rating after updating its model following fourth-quarter earnings. A day earlier, on February 5, 2026, BTIG reduced its price target on SL Green Realty Corp. (NYSE:SLG) to $70 from $75 previously but kept a Buy rating, noting that Manhattan leasing fundamentals and fee income growth should provide tailwinds in 2026, even as it adjusted its valuation to reflect an updated NAV estimate. On February 4, 2026, Truist analyst Michael Lewis also cut his price target to $44 from $47 and maintained a Hold rating, saying management often delivers on ambitious targets but warning that planned property sales and debt refinancings could be dilutive.

Those rating changes followed earnings released on January 29, 2026. SL Green Realty Corp. (NYSE:SLG) reported fourth-quarter revenue of $276.47 million, up from $245.88 million a year earlier. The company commented:

“Same-store cash NOI, including the Company’s share of same-store cash NOI from unconsolidated joint ventures, decreased by 3.4% for the fourth quarter of 2025 and 2.0% for the year ended December 31, 2025, excluding lease termination income, as compared to the same period in 2024.”

SL Green Realty Corp. (NYSE:SLG) is a self-managed real estate investment trust, or REIT, with in-house capabilities in property management, acquisitions and dispositions, debt investing, financing, development, redevelopment, construction, and leasing.

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