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