Paramount Group (NYSE:PGRE) Issues 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 (EPS) guidance of 0.550-0.590 for the period, compared to the consensus estimate of 0.527. The company issued revenue guidance of -.

Paramount Group Stock Performance

PGRE traded down $0.05 during trading on Friday, hitting $6.07. The stock had a trading volume of 2,378,789 shares, compared to its average volume of 2,850,756. The firm has a market cap of $1.34 billion, a PE ratio of -16.86 and a beta of 1.35. Paramount Group has a 12 month low of $3.75 and a 12 month high of $6.89. The company has a current ratio of 5.91, a quick ratio of 5.56 and a debt-to-equity ratio of 0.90. The company has a 50 day simple moving average of $6.29 and a 200-day simple moving average of $5.12.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The firm had revenue of $177.05 million for the quarter, compared to the consensus estimate of $173.98 million. Paramount Group had a negative net margin of 10.49% and a negative return on equity of 1.92%. Analysts expect that Paramount Group will post 0.78 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Trading of Paramount Group

Several institutional investors have recently made changes to their positions in PGRE. Amundi boosted its position in shares of Paramount Group by 4.6% during the 1st quarter. Amundi now owns 101,064 shares of the financial services provider's stock valued at $416,000 after acquiring an additional 4,459 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in Paramount Group in the first quarter valued at about $322,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Paramount Group by 4.3% in the first 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 in the last quarter. Great Lakes Advisors LLC boosted its position in Paramount Group by 64.5% in the first quarter. Great Lakes Advisors LLC now owns 30,512 shares of the financial services provider's stock valued at $131,000 after buying an additional 11,964 shares in the last quarter. Finally, Jane Street Group LLC boosted its position 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 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.