Analysts Set Expectations for Paramount Group Inc’s Q4 2016 Earnings (PGRE)
Paramount Group Inc (NASDAQ:PGRE) – Equities research analysts at Capital One Financial Corp. decreased their Q4 2016 earnings per share estimates for Paramount Group in a note issued to investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now expects that the firm will post earnings per share of $0.20 for the quarter, down from their previous estimate of $0.22. Capital One Financial Corp. also issued estimates for Paramount Group’s Q2 2017 earnings at $0.22 EPS, Q3 2017 earnings at $0.23 EPS, Q4 2017 earnings at $0.23 EPS and FY2017 earnings at $0.90 EPS.
Paramount Group (NASDAQ:PGRE) last issued its earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm earned $172.30 million during the quarter, compared to analyst estimates of $159.90 million. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share.
PGRE has been the topic of a number of other research reports. Zacks Investment Research raised Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, October 5th. BTIG Research began coverage on Paramount Group in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Deutsche Bank AG boosted their price target on Paramount Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Monday, July 18th.
Shares of Paramount Group (NASDAQ:PGRE) traded down 0.13% on Friday, hitting $15.83. The company had a trading volume of 354,448 shares. Paramount Group has a 12-month low of $14.23 and a 12-month high of $18.56. The firm has a 50-day moving average price of $16.94 and a 200 day moving average price of $16.65. The company has a market capitalization of $3.47 billion and a P/E ratio of 527.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Wednesday, September 28th.
Paramount Group Company Profile
Paramount Group, Inc is a real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business primarily through Paramount Group Operating Partnership LP.
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