Paramount Group's (PGRE) Neutral Rating Reiterated at BTIG Research

Key Points

• BTIG Research has reaffirmed a "neutral" rating for Paramount Group (PGRE), amidst mixed analyst ratings where two analysts have a Buy rating, and two others classified the stock as Sell.
• Paramount Group's recent quarterly earnings surpassed expectations, reporting earnings per share of $0.17 against a consensus estimate of $0.14.
• The company's stock has shown substantial institutional interest, with multiple firms significantly increasing their positions in PGRE over recent quarters.

Paramount Group (NYSE:PGRE - Get Free Report)'s stock had its "neutral" rating restated by equities research analysts at BTIG Research in a research note issued on Wednesday,Benzinga reports.

PGRE has been the subject of several other research reports. Mizuho increased their price objective on Paramount Group from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Wells Fargo & Company reduced their target price on Paramount Group from $4.50 to $4.20 and set an "underweight" rating for the company in a report on Wednesday, August 27th. Finally, Evercore ISI upgraded Paramount Group from an "in-line" rating to an "outperform" rating and lifted their target price for the company from $4.50 to $8.00 in a research report on Tuesday, May 20th. Two research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.96.

Paramount Group Stock Down 0.5%

Shares of NYSE:PGRE traded down $0.03 during mid-day trading on Wednesday, hitting $6.53. 7,444,040 shares of the company traded hands, compared to its average volume of 6,212,479. The stock has a 50-day moving average price of $6.74 and a two-hundred day moving average price of $5.67. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.90. Paramount Group has a 12-month low of $3.75 and a 12-month high of $7.85. The stock has a market cap of $1.44 billion, a P/E ratio of -18.14 and a beta of 1.38.

Paramount Group (NYSE:PGRE - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $177.05 million for 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. On average, equities research analysts forecast that Paramount Group will post 0.78 earnings per share for the current year.

Institutional Trading of Paramount Group

Large investors have recently modified their holdings of the business. Signaturefd LLC boosted its position in Paramount Group by 101.0% during the second quarter. Signaturefd LLC now owns 8,291 shares of the financial services provider's stock worth $51,000 after acquiring an additional 4,167 shares during the last quarter. Manchester Capital Management LLC lifted its holdings in Paramount Group by 99.2% in the first quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider's stock worth $38,000 after acquiring an additional 4,415 shares during the last quarter. Gotham Asset Management LLC bought a new stake in shares of Paramount Group during the fourth quarter valued at approximately $52,000. Truist Financial Corp acquired a new position in shares of Paramount Group during the second quarter valued at approximately $67,000. Finally, Wolverine Asset Management LLC grew its position in Paramount Group by 86.6% in the first quarter. Wolverine Asset Management LLC now owns 12,195 shares of the financial services provider's stock worth $52,000 after buying an additional 5,659 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

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.