$172.06 Million in Sales Expected for Paramount Group, Inc. (PGRE) This Quarter

Equities research analysts expect that Paramount Group, Inc. (NYSE:PGRE) will announce sales of $172.06 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Paramount Group’s earnings, with the lowest sales estimate coming in at $163.33 million and the highest estimate coming in at $180.79 million. Paramount Group posted sales of $171.32 million in the same quarter last year, which suggests a positive year-over-year growth rate of 0.4%. The firm is scheduled to report its next earnings results after the market closes on Monday, November 6th.

According to Zacks, analysts expect that Paramount Group will report full-year sales of $172.06 million for the current financial year, with estimates ranging from $698.18 million to $736.84 million. For the next fiscal year, analysts expect that the firm will post sales of $756.62 million per share, with estimates ranging from $738.15 million to $781.59 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Paramount Group.

Separately, BidaskClub lowered Paramount Group from a “hold” rating to a “sell” rating in a report on Tuesday, July 11th. Three investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.50.

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Shares of Paramount Group (NYSE:PGRE) traded down $0.14 during trading hours on Monday, hitting $15.85. The company had a trading volume of 2,200,000 shares, compared to its average volume of 1,060,000. Paramount Group has a twelve month low of $14.58 and a twelve month high of $17.58. The stock has a market capitalization of $3,780.00 and a price-to-earnings ratio of 19.10.

The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Thursday, September 28th. Paramount Group’s payout ratio is 92.68%.

Paramount Group Company Profile

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

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