Wells Fargo keeps Hold rating for SL Green Realty stock at USD 56.50 target

Published on 10/18/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached USD 264.0 million, up 16.5 percent year over year. SL Green Realty stock reports on October 21, 2026.

Analyst target and reporting date

Wells Fargo maintained a Hold rating and set a USD 56.50 target on October 16, 2026.
Second-quarter revenue reached USD 264.0 million, up 16.5 percent year over year.
SL Green Realty will release third-quarter 2026 results on October 21, 2026.

SLG, US78440X8873, Illustration mit AI erstellt.

SL Green Realty (ISIN US78440X8873) received a USD 56.50 price target from Wells Fargo, which maintained its Hold rating in a report dated October 16, 2026, according to Markets Insider. The target puts the upcoming third-quarter report at the center of the stock story.

Three events shape the story

On July 22, 2026, SL Green reported second-quarter revenue of USD 264.0 million, compared with USD 219.14 million a year earlier, while GAAP net loss widened to USD 26.5 million from USD 5.2 million, according to Markets Insider. On September 9, 2026, the company announced an agreement to sell 110 Greene Street in SoHo for USD 226.0 million, according to SL Green Realty Corp. On October 16, 2026, Wells Fargo analyst Blaine Heck kept a Hold rating and a USD 56.50 target, according to Markets Insider.

What does the target mean?

The target is materially above the reported second-quarter operating picture, but the comparison is not a direct earnings forecast. SL Green remains concentrated in Manhattan office real estate, with interests in 54 buildings totaling 30.6 million square feet as of June 30, 2026, according to SL Green Realty Corp. The company also said its 2026 leasing volume had reached 1,760,649 square feet by September 14, 2026, with mark-to-market rents 15.8 percent higher, according to the company release.

Two dates set the next test

SL Green is scheduled to release third-quarter 2026 financial results after the market close on October 21, 2026. The earnings conference call is scheduled for October 22, 2026 at 2:00 p.m. ET, according to SL Green Realty Corp. MarketBeat listed a consensus forecast of USD 173.01 million in revenue and a loss of USD 1.25 per share for the third quarter, according to MarketBeat.

Valuation meets office exposure

For investors, the key comparison is between a USD 56.50 analyst target and the companys recent quarterly revenue of USD 264.0 million. That gap reflects the market's effort to value Manhattan leasing progress, property sales and future earnings together rather than relying on one quarter alone. SL Green reported interests in 54 buildings and 30.6 million square feet as of June 30, 2026, giving the October report a clear operating scale to measure.

Stock context and next report

SL Green Realty has a market capitalization of USD 3.3 billion as of October 16, 2026, and its primary listing is on the NYSE. The upcoming results will provide the next dated test of the revenue outlook and the assumptions behind the USD 56.50 target.

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