Paramount Group, Inc. (NYSE:PGRE) Receives $5.36 Average Price Target from Analysts

Key Points

• Paramount Group, Inc. (NYSE:PGRE) has received a consensus rating of "Hold" from analysts, with two analysts giving a sell rating, one a hold, and two a buy rating.
• The company's shares opened at $7.39, with a 12-month price range from $3.75 to $7.85, and a market cap of $1.63 billion.
• Paramount Group reported $0.17 earnings per share (EPS) for the last quarter, exceeding estimates, and has set its FY 2025 guidance between 0.550-0.590 EPS.

Paramount Group, Inc. (NYSE:PGRE - Get Free Report) has been assigned an average recommendation of "Hold" from the five brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $5.9625.

A number of equities analysts have commented on the company. Mizuho lifted their target price on Paramount Group from $5.00 to $6.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Wells Fargo & Company set a $6.60 target price on Paramount Group and gave the company an "equal weight" rating in a research note on Thursday. Finally, BTIG Research restated a "neutral" rating on shares of Paramount Group in a research note on Wednesday.

Paramount Group Stock Up 0.5%

Paramount Group stock traded up $0.03 during midday trading on Wednesday, hitting $6.56. The stock had a trading volume of 6,500,165 shares, compared to its average volume of 5,943,106. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.90. The stock has a market cap of $1.45 billion, a P/E ratio of -18.22 and a beta of 1.38. Paramount Group has a 12 month low of $3.75 and a 12 month high of $7.85. The business has a fifty day moving average price of $6.74 and a 200 day moving average price of $5.64.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $177.05 million during the quarter, compared to analyst estimates of $173.98 million. Paramount Group had a negative return on equity of 1.92% and a negative net margin of 10.49%. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. Research analysts predict that Paramount Group will post 0.78 EPS for the current year.

Hedge Funds Weigh In On Paramount Group

A number of hedge funds and other institutional investors have recently bought and sold shares of PGRE. State of Alaska Department of Revenue lifted its position in Paramount Group by 2.0% in the second quarter. State of Alaska Department of Revenue now owns 90,268 shares of the financial services provider's stock worth $550,000 after purchasing an additional 1,768 shares during the period. Daiwa Securities Group Inc. lifted its position in Paramount Group by 3.4% in the second quarter. Daiwa Securities Group Inc. now owns 64,009 shares of the financial services provider's stock worth $390,000 after purchasing an additional 2,100 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Paramount Group by 3.5% in the second quarter. The Manufacturers Life Insurance Company now owns 69,114 shares of the financial services provider's stock valued at $422,000 after buying an additional 2,350 shares in the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Paramount Group by 10.9% in the second quarter. Teacher Retirement System of Texas now owns 28,217 shares of the financial services provider's stock valued at $172,000 after buying an additional 2,778 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of Paramount Group by 22.0% in the fourth quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider's stock valued at $78,000 after buying an additional 2,845 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

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. 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.