Paramount Group (NYSE:PGRE) Releases FY 2024 Earnings Guidance

Paramount Group (NYSE:PGRE) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 0.780-0.800 for the period, compared to the consensus estimate of 0.780. The company issued revenue guidance of -.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted their price objective on Paramount Group from $3.50 to $4.00 and gave the company an “underweight” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Based on data from MarketBeat.com, Paramount Group presently has a consensus rating of “Hold” and an average target price of $4.38.

Paramount Group Stock Up 1.4 %

NYSE PGRE traded up $0.07 during trading hours on Wednesday, hitting $5.05. 838,076 shares of the company were exchanged, compared to its average volume of 1,104,131. The company has a 50 day moving average of $5.01 and a two-hundred day moving average of $4.84. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.91. Paramount Group has a 52-week low of $4.06 and a 52-week high of $5.92. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -5.08 and a beta of 1.25.

Paramount Group Company Profile

Paramount Group, Inc (“Paramount” or the “Company”) is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.