Paramount Group (NYSE:PGRE) Updates FY 2025 Earnings Guidance

Key Points

• Paramount Group updated its FY 2025 earnings guidance, providing a range of 0.550-0.590 earnings per share, exceeding the consensus estimate of 0.527.
• The company's stock decreased by 3.4% to $6.00 with a market cap of $1.32 billion, reflecting a price-to-earnings ratio of -19.35.
• Institutional investors own 65.64% of Paramount Group's stock, with significant increases in stakes from firms like Great Lakes Advisors and Amundi during the first quarter.

Paramount Group (NYSE:PGRE - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.550-0.590 for the period, compared to the consensus earnings per share estimate of 0.527. The company issued revenue guidance of -.

Paramount Group Stock Up 0.1%

PGRE stock traded up $0.01 during mid-day trading on Friday, hitting $6.13. The stock had a trading volume of 1,504,663 shares, compared to its average volume of 2,218,419. The company has a current ratio of 5.56, a quick ratio of 5.56 and a debt-to-equity ratio of 0.90. Paramount Group has a 1-year low of $3.75 and a 1-year high of $6.89. The company has a fifty day moving average of $6.29 and a 200 day moving average of $5.10. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -16.99 and a beta of 1.31.

Paramount Group (NYSE:PGRE - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.03. The business 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 1.93% and a negative net margin of 10.49%. On average, equities analysts expect that Paramount Group will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on PGRE shares. Wall Street Zen downgraded Paramount Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Evercore ISI raised Paramount Group from an "in-line" rating to an "outperform" rating and lifted their price objective for the stock from $4.50 to $8.00 in a research note on Tuesday, May 20th. Wells Fargo & Company cut their target price on Paramount Group from $5.00 to $4.50 and set an "underweight" rating on the stock in a research note on Monday, May 19th. Morgan Stanley restated an "underweight" rating and issued a $3.25 price objective on shares of Paramount Group in a research note on Tuesday, April 15th. Finally, Mizuho upped their target price on Paramount Group from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $5.44.

Institutional Investors Weigh In On Paramount Group

Large investors have recently modified their holdings of the business. Strs Ohio acquired a new stake in shares of Paramount Group in the first quarter valued at about $142,000. Jane Street Group LLC lifted its stake in Paramount Group by 146.1% in the first quarter. Jane Street Group LLC now owns 219,417 shares of the financial services provider's stock valued at $943,000 after buying an additional 130,255 shares during the period. Great Lakes Advisors LLC lifted its position in shares of Paramount Group by 64.5% during the 1st quarter. Great Lakes Advisors LLC now owns 30,512 shares of the financial services provider's stock valued at $131,000 after acquiring an additional 11,964 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Paramount Group by 4.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109,563 shares of the financial services provider's stock valued at $471,000 after buying an additional 4,558 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in Paramount Group in the first quarter worth approximately $322,000. Institutional investors and hedge funds own 65.64% of the company's stock.

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.