Paramount Group (PGRE) to Release Earnings on Wednesday

Paramount Group (NYSE:PGRE) is set to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Paramount Group to post earnings of $0.18 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Paramount Group Trading Down 1.2 %

Shares of PGRE stock opened at $5.01 on Tuesday. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.09 billion, a P/E ratio of -5.11 and a beta of 1.25. The company has a 50 day moving average of $5.00 and a 200-day moving average of $4.84. Paramount Group has a 12-month low of $4.06 and a 12-month high of $5.92.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company boosted their target price on Paramount Group from $3.50 to $4.00 and gave the company 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 given a hold rating to the stock. Based on data from MarketBeat, Paramount Group has a consensus rating of “Hold” and an average price target of $4.38.

Paramount Group Company Profile

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.