Paramount Group (NYSE:PGRE) Updates FY 2024 Earnings Guidance

Paramount Group (NYSE:PGRE) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.780-0.800 for the period, compared to the consensus EPS estimate of 0.780. The company issued revenue guidance of -.

Paramount Group Trading Down 0.8 %

Shares of NYSE PGRE traded down $0.04 during midday trading on Friday, reaching $4.81. 882,358 shares of the stock traded hands, compared to its average volume of 858,502. Paramount Group has a one year low of $4.06 and a one year high of $5.92. The company’s 50 day moving average is $5.01 and its 200 day moving average is $4.85. The company has a quick ratio of 4.39, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their target price on Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to data from MarketBeat, Paramount Group currently has a consensus rating of “Hold” and a consensus price target of $4.38.

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.