Paramount Group (PGRE) Set to Announce Quarterly Earnings on Wednesday

Paramount Group (NYSE:PGRE - Get Free Report) will issue its quarterly 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. Persons interested in listening to the company's earnings conference call can do so using this link.

Paramount Group Stock Performance

PGRE stock opened at $5.30 on Wednesday. Paramount Group has a twelve month low of $4.06 and a twelve month high of $5.92. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of -5.40 and a beta of 1.25. The business's fifty day simple moving average is $4.98 and its two-hundred day simple moving average is $4.83. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.91.

Analyst Ratings Changes

Separately, Wells Fargo & Company upped their price target on shares of Paramount Group from $3.50 to $4.00 and gave the stock an "underweight" rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price 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.