SL Green Realty price target lowered to $54 from $58 at Truist

Truist lowered the firm’s price target on SL Green Realty (SLG) to $54 from $58 and keeps a Hold rating on the shares. Management highlighted its ability to unlock value through asset sales, but FAD per share has steadily declined since 2020 and now trails the dividend, the analyst tells investors in a research note. While NAV trends remain volatile, the long-term trajectory is lower, suggesting limited balance sheet flexibility, the firm says, adding that earnings are expected to recover in 2026 before refinancing pressures emerge in 2027.