Q3 2016 Earnings Forecast for Paramount Group Inc Issued By Capital One Financial Corp. (PGRE)
Paramount Group Inc (NASDAQ:PGRE) – Analysts at Capital One Financial Corp. lifted their Q3 2016 earnings per share estimates for shares of Paramount Group in a note issued to investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings of $0.19 per share for the quarter, up from their previous estimate of $0.18. Capital One Financial Corp. also issued estimates for Paramount Group’s FY2016 earnings at $0.87 EPS.
Other analysts have also issued research reports about the company. Zacks Investment Research lowered Paramount Group from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank AG upped their target price on Paramount Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Monday, July 18th. Finally, BTIG Research began coverage on Paramount Group in a research note on Thursday, August 25th. They issued a “neutral” rating for the company.
Shares of Paramount Group (NASDAQ:PGRE) opened at 15.80 on Thursday. The stock has a 50 day moving average of $16.89 and a 200 day moving average of $16.65. The company has a market cap of $3.47 billion and a price-to-earnings ratio of 526.67. Paramount Group has a 1-year low of $14.23 and a 1-year high of $18.56.
Paramount Group (NASDAQ:PGRE) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. The company earned $172.30 million during the quarter, compared to the consensus estimate of $159.90 million. The business’s revenue was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.22 EPS.
The business also recently disclosed a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date was Wednesday, September 28th.
About Paramount Group
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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