SL Green (SLG) Faces Dual Target Cuts as Office REIT Outlook Stays Neutral

SL Green Realty Corp. (NYSE:SLG) is included among the 13 Highest Paying Monthly Dividend Stocks to Buy.

On December 18, Ladenburg analyst Floris van Dijkum cut his price target on SL Green Realty Corp. (NYSE:SLG) to $50 from $60 and kept a Neutral rating. The move followed the company’s investor day.

A few days earlier, on December 12, Mizuho also lowered its price target on SL Green to $47 from $67 and maintained a Neutral stance. The change came as part of the firm’s 2026 outlook for office REITs. Mizuho views the office sector as “fairly valued,” especially on a risk-premium basis. With limited earnings growth expected, the firm remains neutral on the sub-sector.

SL Green Realty Corp. (NYSE:SLG) shared some notable news of its own on December 5. The company acquired its joint venture partners’ combined 39.48% stake in 800 Third Avenue for $5.1 million. The property is a 41-story glass-and-steel tower between 49th and 50th Streets on Manhattan’s east side. With the deal closed, SL Green now owns the building outright.

The transaction stands out as a rare win in a tough post-COVID period for office landlords. Remote work hit SL Green Realty Corp. (NYSE:SLG) hard early on. The company adjusted by pushing to lease vacant space at rates that still made sense. That effort is showing results. In the third quarter of 2025, same-store Manhattan office occupancy rose to 92.4%. Management expects that figure to reach 93.2% by December 31, 2025.

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