Paramount Group Inc (NASDAQ:PGRE) – Equities research analysts at Capital One Financial Corp. raised their Q3 2016 earnings per share (EPS) estimates for Paramount Group in a research report issued to clients and investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the firm will earn $0.19 per share for the quarter, up from their prior estimate of $0.18. Capital One Financial Corp. also issued estimates for Paramount Group’s FY2016 earnings at $0.87 EPS.
Several other research analysts also recently issued reports on PGRE. Zacks Investment Research downgraded shares of Paramount Group from a “buy” rating to a “hold” rating in a report on Saturday. Deutsche Bank AG lifted their target price on shares of Paramount Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, July 18th. Finally, BTIG Research began coverage on shares of Paramount Group in a research report on Thursday, August 25th. They set a “neutral” rating on the stock.
Shares of Paramount Group (NASDAQ:PGRE) opened at 15.80 on Thursday. The company has a 50-day moving average price of $16.89 and a 200 day moving average price of $16.65. The firm has a market capitalization of $3.47 billion and a P/E ratio of 526.67. Paramount Group has a one year low of $14.23 and a one year high of $18.56.
Paramount Group (NASDAQ:PGRE) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. The company earned $172.30 million during the quarter, compared to analyst estimates of $159.90 million. During the same quarter in the prior year, the company posted $0.22 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $0.38 annualized dividend and a dividend yield of 2.41%.
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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