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

Paramount Group (NYSE:PGRE - Get Free Report) will be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that are interested in registering for the company's conference call can do so using this link.

Paramount Group Stock Down 2.8 %

PGRE stock traded down $0.15 during mid-day trading on Wednesday, hitting $5.14. 617,913 shares of the company were exchanged, compared to its average volume of 1,113,414. The company has a market capitalization of $1.12 billion, a PE ratio of -5.40 and a beta of 1.25. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.91. Paramount Group has a twelve month low of $4.06 and a twelve month high of $5.92. The firm has a fifty day simple moving average of $4.98 and a 200 day simple moving average of $4.83.

Wall Street Analysts Forecast Growth

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