Paramount Group, Inc. (NYSE:PGRE) Given Consensus Recommendation of "Hold" by Brokerages

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 received an average rating of "Hold" from the five research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $5.9625.

A number of equities analysts have weighed in on PGRE shares. Mizuho upped their price target on Paramount Group from $5.00 to $6.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. BTIG Research reaffirmed a "neutral" rating on shares of Paramount Group in a research report on Wednesday. Finally, Wells Fargo & Company raised Paramount Group from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $4.20 to $6.60 in a research report on Thursday.

Institutional Investors Weigh In On Paramount Group

Several large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC boosted its holdings in shares of Paramount Group by 235.9% in the 2nd quarter. Squarepoint Ops LLC now owns 217,391 shares of the financial services provider's stock valued at $1,326,000 after buying an additional 152,663 shares during the last quarter. State of Wyoming boosted its holdings in shares of Paramount Group by 195.5% in the 2nd quarter. State of Wyoming now owns 71,000 shares of the financial services provider's stock valued at $433,000 after buying an additional 46,974 shares during the last quarter. Hudson Bay Capital Management LP acquired a new stake in shares of Paramount Group in the 2nd quarter valued at approximately $6,109,000. Headlands Technologies LLC acquired a new stake in Paramount Group during the 2nd quarter valued at $164,000. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in Paramount Group by 14.6% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 285,652 shares of the financial services provider's stock valued at $1,741,000 after purchasing an additional 36,312 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company's stock.

Paramount Group Stock Down 0.5%

NYSE PGRE traded down $0.03 during trading hours on Wednesday, reaching $6.53. 7,444,040 shares of the company's stock were exchanged, compared to its average volume of 6,212,479. The company's 50-day moving average is $6.74 and its two-hundred day moving average is $5.67. Paramount Group has a one year low of $3.75 and a one year high of $7.85. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -18.14 and a beta of 1.38.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its earnings results on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Paramount Group had a negative return on equity of 1.92% and a negative net margin of 10.49%.The business had revenue of $177.05 million during the quarter, compared to analysts' expectations of $173.98 million. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. On average, analysts forecast that Paramount Group will post 0.78 EPS for the current fiscal year.

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.