News articles about Paramount Group (NYSE:PGRE) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paramount Group earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.0178021249187 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several equities research analysts recently weighed in on the stock. TheStreet raised shares of Paramount Group from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Zacks Investment Research downgraded shares of Paramount Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $16.40.
Shares of Paramount Group (NYSE PGRE) traded down $0.15 during midday trading on Thursday, hitting $15.21. 1,019,700 shares of the stock were exchanged, compared to its average volume of 996,729. The stock has a market capitalization of $3,620.00, a P/E ratio of 41.11, a PEG ratio of 3.32 and a beta of 0.80. Paramount Group has a 1-year low of $15.12 and a 1-year high of $17.58.
Paramount Group (NYSE:PGRE) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $179.80 million for the quarter, compared to analysts’ expectations of $172.85 million. Paramount Group had a net margin of 12.29% and a return on equity of 1.76%. Paramount Group’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.20 earnings per share. sell-side analysts forecast that Paramount Group will post 0.9 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Investors of record on Friday, December 29th will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.50%. Paramount Group’s dividend payout ratio (DPR) is presently 102.70%.
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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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