Paramount Group (NYSE:PGRE - Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 0.750-0.810 for the period, compared to the consensus EPS estimate of 0.750. The company issued revenue guidance of -. Paramount Group also updated its FY24 guidance to $0.75-$0.81 EPS.
Analysts Set New Price Targets
Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Paramount Group from a hold rating to a sell rating in a research report on Monday, February 19th. Evercore ISI raised shares of Paramount Group from an underperform rating to an in-line rating and set a $5.00 target price on the stock in a report on Monday, March 18th. Finally, Morgan Stanley decreased their target price on shares of Paramount Group from $4.70 to $4.50 and set an equal weight rating on the stock in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus price target of $4.60.
Read Our Latest Research Report on Paramount Group
Paramount Group Price Performance
Paramount Group stock traded down $0.02 during midday trading on Wednesday, reaching $4.62. 973,668 shares of the stock were exchanged, compared to its average volume of 1,260,679. The company's fifty day moving average is $4.59 and its 200-day moving average is $4.74. The firm has a market cap of $1.00 billion, a PE ratio of -3.85, a PEG ratio of 0.25 and a beta of 1.22. Paramount Group has a 52 week low of $4.06 and a 52 week high of $5.92. The company has a debt-to-equity ratio of 0.95, a quick ratio of 4.61 and a current ratio of 4.61.
Paramount Group Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.03%. The ex-dividend date was Wednesday, March 27th. Paramount Group's payout ratio is -11.67%.
About Paramount Group
(
Get Free Report)
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.
Further Reading
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