Evercore ISI Group Reiterates Buy Rating on SLG
Evercore ISI Group maintains its positive outlook on SLG, targeting $54.
Key Points
- Evercore ISI Group reiterated its buy rating on SLG, setting a price target of $54 as of June 15, 2026.
- SLG shares are trading at $51.15, with institutional activity showing BlackRock increasing its holdings and State Street reducing theirs.
- Recent insider transactions include significant sales by executives and a buy by the President & CIO, Harrison Sitomer.
Evercore ISI Group has reiterated its buy rating on SLG, setting a price target of $54. The announcement was made on June 15, 2026, by analyst Steve Sakwa. SLG shares are currently trading around $51.15.
Other Institutional Activity in SLG
Institutional activity in SLG has been mixed. BlackRock, Inc. increased its position by 65,317 shares, bringing its total to 13,379,191 shares valued at approximately $494.2 million. Meanwhile, State Street Corp reduced its holdings by 103,182 shares, ending with 4,071,540 shares worth about $152.9 million. Cohen & Steers, Inc. significantly increased its stake by 1,061,952 shares, now holding 3,714,293 shares valued at $137.2 million.
SLG Stock Snapshot
SLG's shares are trading near $51.15. The stock has been active among institutional investors, with mixed buying and selling activities. The company's market positioning and recent analyst ratings could influence future stock movements.
Insider Buying and Selling at SL Green Realty Corp.
Recent insider transactions at SLG include sales by Mathias Andrew, who sold 100,000 shares on May 19, 2026, at $43.94 per share. Andrew Levine, the Chief Legal Officer & General Counsel, sold 33,542 shares on May 4, 2026, at $42.89 each. On the same day, CFO Matthew Diliberto sold 19,000 shares at the same price. In contrast, President & CIO Harrison Sitomer purchased 85,492 shares on February 27, 2026.
Analysts Set New Price Targets
On June 15, 2026, Evercore ISI Group maintained its buy rating on SLG with a $54 price target. Other firms have also weighed in recently; Wells Fargo maintained a hold rating with a $44 target on June 1, 2026, while Scotiabank kept a buy rating with a $53 target on May 21, 2026. The consensus among analysts is generally positive, with a mean target price reflecting confidence in SLG's performance.
About SLG
SLG is a key player in the real estate sector, focusing on acquiring, managing, and developing commercial properties. Based in New York, the company is led by President & CEO Marc Holliday and employs a team dedicated to maximizing property value and returns for investors.
Bottom Line
Evercore ISI Group's reiterated buy rating on SLG with a $54 target highlights confidence in the company's prospects. While institutional and insider activities are mixed, the overall analyst sentiment remains positive. Investors keep a close eye on SLG's performance and market developments, mindful that these ratings and holdings reflect past analyses and may not represent current positions.
See Also
This instant news alert was generated by automated narrative technology and financial data from EarningsIQ and public regulatory filings. It is for informational purposes only and is not financial advice.