Paramount Group (NYSE:PGRE) Stock, Quote.Headers.trade-ideas

Paramount Group

Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district (CBD) submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants.

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Cousin Properties (NYSE: CUZ) recently announced that it has entered into a lease arrangement with a Fortune 100 technology company for around 320,000 square feet of all of its Domain 12 property in Austin, TX.

Cousins Properties Leases Full Building at The Domain in Austin

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Most viewers would cancel a streaming service with a 5-10% price hike, according to a Benzinga poll. Netflix is the least likely to be dropped.

Most Subscribers Will Drop Streaming Service Over 5% Price Increase, Poll Reveals

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The office real estate market has entered a challenging year, grappling with significant challenges represented by disruptive industry trends and upcoming financial maturities. 

Half A Trillion Dollars: Office Real Estate Owners Are About To Face Huge Debt Payment, New Data Shows 2024 Is A Critical Year

Paramount Group Inc

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) raises FY2024 FFO guidance from $0.76-0.80 to $0.78-0.80 vs $0.78 analyst estimate..

Guidance

Paramount Group Raises FY2024 FFO Guidance from $0.76-0.80 to $0.78-0.80 vs $0.78 Est

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) reported quarterly earnings of $0.19 per share which beat the analyst consensus estimate of $0.18 by 5.56 percent. The company reported quarterly sales of $194.899 million which beat the analyst consensus estimate of $176.890 million by 10.18 percent. This is a 3.02 percent increase over sales of $189.181 million the same period last year.

Earnings

Earnings Beats

Paramount Group Q3 2024 FFO $0.19 Beats $0.18 Estimate, Sales $194.899M Beat $176.890M Estimate

Dividends

Paramount Group Suspends Regular Quarterly Dividend

Wells Fargo analyst Blaine Heck maintains Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) with a Underweight and raises the price target from $3.5 to $4.

Price Target

Wells Fargo Maintains Underweight on Paramount Group, Raises Price Target to $4

Cousin Properties (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/cuz#NYSE">CUZ</a>) recently announced that it has entered into a lease arrangement with a Fortune 100 technology company for around 320,000 square feet of all of its Domain 12 property in Austin, TX.
The said customer is new to Cousins&#39; portfolio and will take up the ongoing lease from Meta Platforms, effective from Jan. 1, 2026, extending its maturity from 2031 to 2040.
Cousins&#39; Domain portfolio, spanning around 2.5 million square feet, is at present more than 99% leased, reflecting the solid demand for space. Delivered in 2020, Domain 12 exists near The Domain&#39;s main dining and entertainment district.
This Cousins lifestyle office property&#39;s offerings of amenities such as cafes, outdoor terraces, a fitness center and bike storage, with direct access to several hiking and bike trails, lead to a wholesome experience for its clients.
As per Colin Connolly, the president and chief executive officer of Cousins Properties, &quot;We are excited that our teams found a creative solution to welcome another global technology innovator to a trophy property in The Domain.&quot; He also asserted, &quot;The Domain provides a highly amenitized experience that leading companies recognize as a critical tool to drive employee recruitment, retention, and culture.&quot;
<h2>Cousins Properties Sees a Recovery in Demand</h2>
Cousins Properties is seeing a recovery in demand for its high-quality, well-placed office properties, as highlighted by a rebound in new leasing volume. For the six months ended June 2024, the company executed 77 leases for a total of 794,240 square feet of office space with a weighted average lease term of 7.8 years. This included 404,011 square feet of new leases, 268,210 square feet of renewal leases and 122,019 square feet of expansion leases.
<img alt="Cousins Properties" src="https://staticx-tuner.zacks.com/images/articles/charts/84/76941.jpg?v=1977785616" />
Image Source: Cousins Properties
Going forward, Cousins Properties&#39; high-quality office portfolio, impressive tenant roster, opportunistic investments and developments in best sub-markets and strong balance sheet are expected to drive its growth. However, a continuation of the hybrid work environment and high supply in the office real estate market is expected to adversely impact its pricing power.
Over the past three months, shares of this Zacks Rank #2 (Buy) company have risen 24.3% compared with the industry&#39;s upside of 16.7%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/70/76937.jpg?v=553016743" />
Image Source: Zacks Investment Research
<h2>Other Stocks to Consider</h2>
Some other top-ranked stocks from the broader REIT sector are Paramount Group (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgre#NYSE">PGRE</a>) and Lamar Advertising (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lamr#NASDAQ">LAMR</a>), each carrying a Zacks Rank #2 at present.
The Zacks Consensus Estimate for Paramount Group&#39;s 2024 FFO per share has been raised marginally northward over the past three months to 78 cents.
The Zacks consensus estimate for Lamar Advertising&#39;s current-year FFO per share has been revised marginally upward over the past month to $8.09.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
<a href="https://www.zacks.com/stock/news/2333425/cousins-properties-leases-full-building-at-the-domain-in-austin?cid=CS-BENZ-FT-analyst_blog|company_news_finance_sector-2333425">To read this article on Zacks.com click here.</a>

It apparently doesn&#8217;t take much of a price hike for viewers to <a href="https://www.benzinga.com/general/entertainment/24/02/36882188/hulu-joins-streaming-giants-netflix-disney-and-youtube-in-password-sharing-crackdown">cancel streaming subscriptions</a>, according to a poll taken by Benzinga.
According to the survey, 54% of the 90 respondents said they would cancel a service if its price increased by 5% to 10%.
About a quarter, or 24%, would say goodbye to the subscription if the cost is raised 10% to 20%, while 13% would cut it after an increase of more than 20%.
The remaining 8% of the respondents will never cancel a service, no matter how high the cost, the poll revealed.
That&#8217;s good news for Netflix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) , because another Benzinga survey showed that 45% of 60 respondents would be least likely to cancel it if its price went up, but it isn&#8217;t great tidings for HBO Max, which is owned by Warner Bros. Discovery (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>). The poll indicated that only 3% of those surveyed would be least inclined to stop that service if its price increased.
Read Now: <a href="https://www.benzinga.com/news/24/01/36636407/its-not-youtube-its-ad-blockers-why-are-your-videos-buffering-too-slow">It&#8217;s Not YouTube, It&#8217;s Ad-Blockers: Why Are Your Videos Buffering Too Slow?</a>
The analysis uncovered that 23% of subscribers have put other streaming services at the bottom of their list of subscriptions to get the axe in response to a price jump. They included Fox Corporation&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NYSE">FOX</a>) Tubi, Alphabet Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) YouTube, Spotify Technology S.A.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) Spotify, Charter Communication Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRT#NASDAQ">CHRT</a>) Spectrum and Paramount Group Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) Paramount+.
The poll also found that 12% of respondents were least likely to cancel Disney+ in response to a price hike, while 7% were most reluctant to drop Hulu. Both services are owned by The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>).
Disney+ Premium is increasing the monthly price for its streaming service from $13.99 to $15.99. A third Benzinga survey of 59 people polled showed that 46% said they do not have a subscription to this service, while 37% of the respondents said they planned to cancel the service due to the price hike, while 17% said they will keep it.
The polls were conducted by Benzinga on Aug. 8 and Aug. 9 and included the responses of a diverse population of adults 18 or older. Opting into the surveys was completely voluntary, with no incentives offered to potential respondents.
Read Now:
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<li><a href="https://www.benzinga.com/general/entertainment/24/01/36505754/t-mobiles-long-standing-free-netflix-bundle-could-soon-start-including-ads">T-Mobile&#8217;s Long-Standing Free Netflix Bundle Could Soon Start Including Ads</a></li>
</ul>
Photo: Shutterstock

Chartered Semiconductor Manufacturing Ltd.

Paramount Group Narrows Estimated FY24 Core FFO Guidance From $0.75 - $0.81 To $0.76 - $0.80; Est $0.77

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. The company reported quarterly sales of $187.408 million which beat the analyst consensus estimate of $183.645 million by 2.05 percent. This is a 8.54 percent increase over sales of $172.662 million the same period last year.

Paramount Group Q2 2024 FFO $0.20, Inline, Sales $187.408M Beat $183.645M Estimate

Paramount Group Raises FY24 FFO From $0.73-$0.79 To $0.75-$0.81 Vs $0.73 Est.

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $188.877 million which beat the analyst consensus estimate of $183.329 million by 3.03 percent. This is a 0.21 percent increase over sales of $188.474 million the same period last year.

Paramount Group Q1 2024 FFO $0.22 Beats $0.20 Estimate, Sales $188.877M Beat $183.329M Estimate

Morgan Stanley analyst Ronald Kamdem maintains Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) with a Equal-Weight and lowers the price target from $4.7 to $4.5.

Morgan Stanley Maintains Equal-Weight on Paramount Group, Lowers Price Target to $4.5

Evercore ISI Group analyst Steve Sakwa upgrades Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) from Underperform to In-Line and announces $5 price target.

Upgrades

Evercore ISI Group Upgrades Paramount Group to In-Line, Announces $5 Price Target

Paramount Group Inc Files For Mixed Shelf; Size Not Disclosed

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) reported quarterly earnings of $0.21 per share. This is a 16 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $192.47 million which beat the analyst consensus estimate of $176.98 million by 8.75 percent. This is a 4.59 percent increase over sales of $184.03 million the same period last year.

Paramount Group Q4 FFO $0.21 Down From $0.25 YoY, Sales $192.47M Beat $176.98M Estimate

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Earnings Scheduled For February 14, 2024

The office real estate market has entered a challenging year, grappling with significant challenges represented by disruptive industry trends <a href="https://www.benzinga.com/real-estate">and upcoming financial maturities. </a>
As highlighted by recent data from Trepp, an astounding $2.77 trillion of commercial real estate debt, accounting for half of all outstanding commercial real estate debt, is set to mature between 2023 and 2027. Of this, nearly $500 billion is due in 2024 alone. 
This looming maturity cliff, coupled with declining property values and high-for-longer interest rates, presents a daunting challenge for both lenders and borrowers in refinancing this volume of debt.
Commercial Mortgage Maturities by Lender Type
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Year</th>
<th>Total Due ($ Billion)</th>
<th>Banks ($ Billion)</th>
<th>CMBS ($ Billion)</th>
<th>Life Cos ($ Billion)</th>
<th>GSE ($ Billion)</th>
<th>Other ($ Billion)</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023</td>
<td>$541.2</td>
<td>$270.4</td>
<td>$107.7</td>
<td>$42.5</td>
<td>$58.4</td>
<td>$62.2</td>
</tr>
<tr>
<td>2024</td>
<td>$544.3</td>
<td>$277.2</td>
<td>$81.7</td>
<td>$46.7</td>
<td>$68.9</td>
<td>$69.7</td>
</tr>
<tr>
<td>2025</td>
<td>$533.2</td>
<td>$283.1</td>
<td>$53.3</td>
<td>$49.1</td>
<td>$82.3</td>
<td>$65.3</td>
</tr>
<tr>
<td>2026</td>
<td>$561.4</td>
<td>$298.3</td>
<td>$40.7</td>
<td>$52.3</td>
<td>$102.3</td>
<td>$67.9</td>
</tr>
<tr>
<td>2027</td>
<td>$602.0</td>
<td>$313.8</td>
<td>$40.7</td>
<td>$55.9</td>
<td>$120.4</td>
<td>$71.2</td>
</tr>
<tr>
<td>2028</td>
<td>$565.9</td>
<td>$293.3</td>
<td>$35.7</td>
<td>$57.1</td>
<td>$113.3</td>
<td>$66.5</td>
</tr>
<tr>
<td>Total (2024-2028)</td>
<td>$2,806.7</td>
<td>$1,465.8</td>
<td>$252.1</td>
<td>$261.1</td>
<td>$487.2</td>
<td>$340.5</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Source: Trepp Inc., based on Federal Reserve Flow of Funds Data</figcaption></figure>
<h2 class="wp-block-heading">Office Real Estate Industry Confronts Major Hurdles</h2>
Dr. Stephen Buschbom, the research director at Trepp, stated in a recent note that higher interest rates and tighter liquidity created significant challenges for new transactions and refinancing maturing loans. He compared the current situation in the commercial real estate (CRE) and CRE debt markets to past economic cycles. 
&#8220;Maybe the office delinquency rate hits 7%, and I think if you're talking about urban office, non-defeased, that still is a reality,&#8221; he wrote. 
Buschbom noted an increase in loan modifications and creative capital structuring, expressing hope for a potential decrease in rates later in the year.
However, the expert also highlighted additional complications that may arise from banking regulations and geopolitical risks, potentially restricting liquidity further.
&#8220;The fact that you are seeing heavily discounted office transactions in San Francisco at least tells me that — if somebody is willing to start catching what we&#8217;re all calling a falling knife, whether or not you think they&#8217;re going to get cut, still speaks to where we&#8217;re at in the real estate cycle,&#8221; Buschbom stated. 
<h2 class="wp-block-heading">Fed Beige Book&#8217;s Warnings</h2>
The <a href="https://www.benzinga.com/economics/macro-economic-events/24/01/36666684/fed-beige-book-reveals-holiday-cheer-for-us-economy-tourism-spending-runs-hot-but">latest Fed Beige Book</a>, which provides qualitative economic assessments, revealed suppressed commercial real estate transactions in the Kansas City district. Moreover, the report stated that &#8220;CRE loan modification activity was inhibited by lenders&#8217; concerns about credit performance and borrower liquidity.&#8221;
Lauren Hochfelder, co-CEO of Morgan Stanley Real Estate, recently shared in a Bloomberg interview that after two years of sluggishness in the commercial real estate markets, specific factors are bringing back buyers and sellers into the waters, though some are smoother than others.
Amidst the changing landscape of global supply chains, Morgan Stanely noted the resurgence of reshoring to the U.S. and friend-shoring has generated demand for warehouses, particularly along the Mexican border, where construction activity is thriving. Additionally, healthcare is showing promise as people allocate more resources to it, resulting in positive trends in medical and life sciences offices.
However, there are also choppy areas in the commercial real estate market, characterized by an oversupply of properties and excessive debt, as indicated by Hochfelder.
<h2 class="wp-block-heading">CRE Stocks On The Decline</h2>
While last quarter there was initial optimism for rate cuts in 2024 to provide relief to the real estate sector, the year&#8217;s start challenged these expectations.
U.S. economic strength and rising global instability factors led Fed members to reconsider early rate cut hopes. The probability of a March rate cut, as implied by the market, dropped from 73% to 57% in just one week, according to CME Group Fed Watch. 
In response to these challenges, stocks in the office real estate sector, as followed by the VanEck Office and Commercial REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESK#NYSE">DESK</a>), declined by 10% from their late December peak.
The chart presented below shows that this segment of the market has not only underperformed in comparison to the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) but also relative to the broader real estate sector, as indicated by the Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>).
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/18094521/newplot-9.png" alt="" class="wp-image-186294" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/18094521/newplot-9.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/01/18094521/newplot-9-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
<h2 class="wp-block-heading">Worst-Performing CRE Stocks Year-To-Date</h2>
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company Name</th>
<th>Stock price (USD)</th>
<th>Return (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Office Properties Income Trust (NYSE: OPI</td>
<td>3.65</td>
<td>-50.14</td>
</tr>
<tr>
<td>Orion Office REIT Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/onl#NYSE">ONL</a>)</td>
<td>5.03</td>
<td>-12.06</td>
</tr>
<tr>
<td>Hudson Pacific Properties, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HPP#NYSE">HPP</a>)</td>
<td>8.29</td>
<td>-10.96</td>
</tr>
<tr>
<td>Paramount Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>)</td>
<td>4.69</td>
<td>-9.28</td>
</tr>
<tr>
<td>Vornado Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNO#NYSE">VNO</a>)</td>
<td>25.89</td>
<td>-8.35</td>
</tr>
<tr>
<td>Kimco Realty Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KIM#NYSE">KIM</a>)</td>
<td>19.93</td>
<td>-6.50</td>
</tr>
</tbody>
</table>
</figure>
Read Now: <a href="https://www.benzinga.com/money/how-to-invest-in-real-estate-online">How to Invest in Real Estate Online</a>
Photo: Jason Dent on Unsplash

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page
<ul>
<li>Citigroup raised HP Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hpq#NYSE">HPQ</a>) price target from $31 to $33. Citigroup analyst Asiya Merchant upgraded the stock from Neutral to Buy. HP shares rose 2.2% to close at $27.62 on Friday. See how other analysts view this stock.</li>
<li>UBS increased the price target for Noah Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/noah#NYSE">NOAH</a>) from $16.3 to $18. UBS analyst Helen Li upgraded the stock from Neutral to Buy. Noah Holdings shares gained 1.6% to $11.57 in pre-market trading. See how other analysts view this stock.</li>
<li>Piper Sandler slashed Health Catalyst, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hcat#NASDAQ">HCAT</a>) price target from $12 to $11. Piper Sandler analyst Jessica Tassan upgraded Health Catalyst from Neutral to Overweight. Health Catalyst shares gained 3.1% to $6.92 in pre-market trading. See how other analysts view this stock.</li>
<li>Keefe, Bruyette &amp; Woods increased the price target for AXIS Capital Holdings Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/axs#NYSE">AXS</a>) from $59 to $66. Keefe, Bruyette &amp; Woods analyst Meyer Shields upgraded the stock from Market Perform to Outperform. AXIS Capital shares gained 0.9% to close at $53.82 on Friday. See how other analysts view this stock.</li>
<li>HC Wainwright &amp; Co. cut the price target for Nouveau Monde Graphite Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nmg#NYSE">NMG</a>) from $9 to $8. HC Wainwright &amp; Co. analyst Heiko Ihle maintained a Buy rating. Nouveau Monde Graphite shares gained 2.6% to $2.79 in pre-market trading. See how other analysts view this stock.</li>
<li>Wells Fargo cut Barings BDC, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bbdc#NYSE">BBDC</a>) price target from $9 to $8.5. Wells Fargo analyst Finian O&#39;Shea downgraded the stock from Overweight to Equal-Weight. Barings BDC shares fell 1.6% to $8.80 in pre-market trading. See how other analysts view this stock.</li>
<li>B of A Securities cut Paramount Group, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pgre#NYSE">PGRE</a>) price target from $5 to $4. B of A Securities analyst Camille Bonnel downgraded the stock from Neutral to Underperform. Paramount Group shares fell 3% to $4.27 in pre-market trading. See how other analysts view this stock.</li>
<li>Wells Fargo slashed the price target for Crescent Capital BDC, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ccap#NASDAQ">CCAP</a>) from $16.5 to $16. Wells Fargo analyst Finian O&#39;Shea downgraded the stock from Overweight to Equal-Weight. Crescent Capital BDC shares fell 1.4% to $16.78 in pre-market trading. See how other analysts view this stock.</li>
<li>Barclays cut Waters Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wat#NYSE">WAT</a>) price target from $270 to $230. Barclays analyst Luke Sergott downgraded the stock from Equal-Weight to Underweight. Waters shares gained 1.1% to close at $255.92 on Friday. See how other analysts view this stock.</li>
<li>Goldman Sachs cut GoodRx Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/gdrx#NASDAQ">GDRX</a>) price target from $7 to $6. Goldman Sachs analyst Eric Sheridan maintained a Neutral rating. GoodRx shares fell 1.7% to $4.71 in pre-market trading. See how other analysts view this stock.</li>
</ul>
&nbsp;
Check This Out: <a href="https://www.benzinga.com/news/earnings/23/11/35742071/tyson-foods-henry-schein-and-3-stocks-to-watch-heading-into-monday"> Tyson Foods, Henry Schein And 3 Stocks To Watch Heading Into Monday </a>

Pre-Market Outlook

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HP To Rally Around 20%? Here Are 10 Top Analyst Forecasts For Monday

B of A Securities analyst Camille Bonnel downgrades Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) from Neutral to Underperform and lowers the price target from $5 to $4.

Downgrades

B of A Securities Downgrades Paramount Group to Underperform, Lowers Price Target to $4

Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) reported quarterly earnings of $0.22 per share. This is a 8.33 percent decrease over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of $189.18 million which beat the analyst consensus estimate of $182.27 million by 3.79 percent. This is a 1.09 percent increase over sales of $187.15 million the same period last year.

Paramount Group Q3 2023 Core FFO $0.22 Down From $0.24 YoY, Sales $189.18M Beat $182.27M Estimate

Mizuho analyst Vikram Malhotra maintains Paramount Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PGRE#NYSE">PGRE</a>) with a Buy and lowers the price target from $7 to $6.

Mizuho Maintains Buy on Paramount Group, Lowers Price Target to $6

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In a report released today, Ronald Kamdem from Morgan Stanley maintained a Hold rating on Paramount Group (PGRE – Research Report), with a price ta...

Morgan Stanley Keeps Their Hold Rating on Paramount Group (PGRE)

In a report released yesterday, Blaine Heck from Wells Fargo maintained a Sell rating on Paramount Group (PGRE – Research Report), with a price tar...

Wells Fargo Keeps Their Sell Rating on Paramount Group (PGRE)

Paramount FFO of $0.19 beats by $0.01, revenue of $194.9M beats by $18.01M

Paramount Group (PGRE – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Blaine Heck fro...

Paramount Group's Operational Challenges and Underperformance Drive Sell Rating

Paramount Group (PGRE – Research Report), the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Ronald Kamdem from ...

Paramount Group: Mixed Financial Outlook Warrants Hold Rating Amid Rising Expenses and Occupancy Challenges

Paramount Group, Inc. (PGRE) Q3 2024 Earnings Call Transcript

5 U.S. REITs Suspend Dividends Amid 2024 Cuts

In a report released yesterday, James Feldman from Wells Fargo maintained a Sell rating on Paramount Group (PGRE – Research Report), with a price t...

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