The Capital One Financial Corp. Research Analysts Boost Earnings Estimates for Paramount Group Inc (PGRE)

The Capital One Financial Corp. Research Analysts Boost Earnings Estimates for Paramount Group Inc (PGRE)

Paramount Group Inc (NASDAQ:PGRE) – Investment analysts at Capital One Financial Corp. increased their Q3 2016 EPS estimates for shares of Paramount Group in a research report issued to clients and investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now anticipates that the firm will post earnings per share of $0.19 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.

Paramount Group (NASDAQ:PGRE) last posted its earnings results on Thursday, August 4th. The company reported $0.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The firm earned $172.30 million during the quarter, compared to analyst estimates of $159.90 million. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.22 EPS.

A number of other research analysts have also issued reports on the company. BTIG Research started coverage on Paramount Group in a research report on Thursday, August 25th. They set a “neutral” rating for the company. Zacks Investment Research upgraded Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, October 5th. Finally, Deutsche Bank AG boosted their price objective on Paramount Group from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Monday, July 18th.

Shares of Paramount Group (NASDAQ:PGRE) opened at 15.85 on Thursday. Paramount Group has a 12-month low of $14.23 and a 12-month high of $18.56. The firm has a 50-day moving average price of $16.94 and a 200 day moving average price of $16.65. The firm has a market cap of $3.48 billion and a price-to-earnings ratio of 528.33.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, September 30th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.38 annualized dividend and a dividend yield of 2.40%.

Paramount Group Company Profile

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