Truist has revised its price target for SL Green Realty (SLG, Financial), reducing it from $62 to $54 while maintaining a Hold rating on the company's stock. The adjustment is primarily driven by anticipated increases in interest expenses, which have prompted the firm to lower its forecasted Funds From Operations (FFO) for the fiscal year 2026.
The recalibration also accounts for the more precise consolidation of 100 Park Avenue into SL Green's financial model. Despite these adjustments, SL Green Realty remains positioned with several potential growth catalysts, as management indicated in a recent conference call. The company is exploring a range of opportunities, including equity, debt, fee-oriented, and leasing arrangements.
Management has expressed confidence in aiming for the upper range of its FFO guidance for 2025. However, Truist remains cautious, opting for a conservative stance until these prospective deals materialize and provide clearer insights into the firm's future investment income trajectory.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 16 analysts, the average target price for SL Green Realty Corp (SLG, Financial) is $65.06 with a high estimate of $87.00 and a low estimate of $49.00. The average target implies an upside of 22.76% from the current price of $53.00. More detailed estimate data can be found on the SL Green Realty Corp (SLG) Forecast page.
Based on the consensus recommendation from 17 brokerage firms, SL Green Realty Corp's (SLG, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for SL Green Realty Corp (SLG, Financial) in one year is $34.78, suggesting a downside of 34.38% from the current price of $53. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the SL Green Realty Corp (SLG) Summary page.
