Paramount Group (NYSE:PGRE – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.760-0.800 for the period, compared to the consensus EPS estimate of 0.770. The company issued revenue guidance of -. Paramount Group also updated its FY24 guidance to $0.76-$0.80 EPS.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Paramount Group from a sell rating to a hold rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of Hold and an average price target of $4.60.
Read Our Latest Analysis on PGRE
Paramount Group Trading Up 1.4 %
Paramount Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend was Friday, June 28th. Paramount Group’s payout ratio is -12.07%.
About Paramount Group
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.
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