Wall Street analysts expect Paramount Group Inc (NYSE:PGRE) to announce $192.58 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Paramount Group’s earnings, with estimates ranging from $191.48 million to $193.67 million. Paramount Group reported sales of $192.60 million during the same quarter last year, which would suggest a negative year over year growth rate of 0%. The firm is expected to report its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that Paramount Group will report full year sales of $783.64 million for the current financial year, with estimates ranging from $772.72 million to $800.19 million. For the next financial year, analysts anticipate that the firm will post sales of $810.91 million, with estimates ranging from $792.78 million to $840.96 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Paramount Group.

Paramount Group (NYSE:PGRE) last issued its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The company had revenue of $188.58 million for the quarter, compared to analysts’ expectations of $187.21 million. Paramount Group had a return on equity of 1.06% and a net margin of 6.77%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 earnings per share.

A number of research firms have commented on PGRE. Zacks Investment Research upgraded Paramount Group from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research note on Friday, June 28th. ValuEngine cut Paramount Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Paramount Group presently has an average rating of “Hold” and an average target price of $16.82.

A number of institutional investors have recently added to or reduced their stakes in the business. Pictet Asset Management Ltd. raised its stake in shares of Paramount Group by 8.2% in the second quarter. Pictet Asset Management Ltd. now owns 36,800 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 2,800 shares during the last quarter. Nuveen Asset Management LLC raised its stake in shares of Paramount Group by 141.5% in the second quarter. Nuveen Asset Management LLC now owns 1,514,333 shares of the financial services provider’s stock worth $21,216,000 after purchasing an additional 887,291 shares during the last quarter. Jane Street Group LLC raised its stake in shares of Paramount Group by 72.7% in the second quarter. Jane Street Group LLC now owns 18,618 shares of the financial services provider’s stock worth $261,000 after purchasing an additional 7,836 shares during the last quarter. Citadel Advisors LLC raised its stake in shares of Paramount Group by 22.4% in the second quarter. Citadel Advisors LLC now owns 895,352 shares of the financial services provider’s stock worth $12,544,000 after purchasing an additional 163,966 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Paramount Group in the second quarter worth about $145,000. Institutional investors own 60.79% of the company’s stock.

Paramount Group stock traded up $0.10 during midday trading on Thursday, reaching $13.17. The company’s stock had a trading volume of 1,425,211 shares, compared to its average volume of 1,181,550. The stock’s 50-day simple moving average is $13.76 and its 200-day simple moving average is $14.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.11 and a quick ratio of 1.11. Paramount Group has a 52-week low of $12.18 and a 52-week high of $16.05. The stock has a market capitalization of $3.08 billion, a P/E ratio of 13.72, a PEG ratio of 3.30 and a beta of 0.76.

About Paramount Group

Headquartered in New York City, Paramount Group, Inc 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 City, Washington, DC and San Francisco.

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