Paramount Group (NYSE:PGRE) Downgraded by Zacks Investment Research to Hold

Paramount Group stock has undergone multiple analysts rating changes in the recent past.  Paramount Group Downgraded by Zacks Investment Research on 10/14/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Paramount Group traded down -$0.13 on Wednesday, reaching $9.25. 0 shares of the stock traded hands, compared to its average volume of 1780234. Shares of Paramount Group were trading at $9.25 on Wednesday. The firm’s 50 day moving average is $8.95 and its 200 day moving average is $9.73.Paramount Group has a 12 month low of $9.23 and a 12 month high of $11.65. While on yearly highs and lows, Paramount Group’s today has traded high as $9.33 and has touched $9.23 on the downward trend. See More Analyst Rating at: RATING

Paramount Group Earnings and What to expect: 

Paramount Group last announced its earnings data on July 27th, 2021. The financial services provider reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.27. The firm had revenue of $182.27 million for the quarter, compared to the consensus estimate of $178.74 million. Its revenue was up 6.5% on a year-over-year basis. Paramount Group has generated $0.96 earnings per share over the last year (($0.19) diluted earnings per share). Earnings for Paramount Group are expected to grow by 4.60% in the coming year, from $0.87 to $0.91 per share. Paramount Group has confirmed that its next quarterly earnings report will be published on Wednesday, October 27th, 2021. Paramount Group will be holding an earnings conference call on Thursday, October 28th at 10:00 AM Eastern. Interested parties can register for or listen to the call. or dial in at 412-317-6671 with passcode “13723467”.

Earnings for Paramount Group are expected to grow by 4.60% in the coming year, from $0.87 to $0.91 per share. The P/E ratio of Paramount Group is -48.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Paramount Group is -48.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Paramount Group has a P/B Ratio of 0.45. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Paramount Group (NYSE:PGRE) Moving Average Technical Analysis

5 day Moving Average is $9.24 And 5 day price change is $0.05 (0.54%)  with average volume for 5 day average is 1,334,740. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $9.02 and 20 day price change is $0.55 (6.32%) and average 20 day moving volume is 1,671,995. 50 day moving average is $8.95  and 50 day price change is -$0.04 ( -0.43%)  and with average volume for 50 days is : 1,592,182. 200 day moving average is $9.73  and 200 day price change is $0.19 (2.10%)  and with average volume for 200 days is : 1,753,481.

Other owners latest trading in Paramount Group :

  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 96,004 which equates to market value of $0.86M and appx 0.00% owners of Paramount Group
  • On 9/3/2021 shares held by Parametric Portfolio Associates LLC were 645,102 which equates to market value of $6.50M and appx 0.00% owners of Paramount Group
  • On 8/25/2021 shares held by Heitman Real Estate Securities LLC were 603,843 which equates to market value of $6.08M and appx 0.30% owners of Paramount Group
  • In total Institutional ownership equates to Institutional Ownership Percentage: 55.14% for Paramount Group

See More Analyst Rating at: RATING