Paramount Group REIT Slumps To New Low
Stock market indexes sold off last week and, in the spirit of things, Paramount Group Inc. (NYSE: PGRE) dropped to a new 52-week low. On Feb. 24, the company reported fourth-quarter funds from operations (FFO) at $0.25, up one penny from last year’s fourth-quarter FFO of $0.24.
Paramount Group Q4 EPS $0.25 Up From $0.24 YoY, Sales $184.03M Miss $188.24M Estimate
Paramount Group (NYSE:PGRE) reported quarterly earnings of $0.25 per share. This is a 4.17 percent increase over earnings of $0.24 per share from the same period last year. The company reported quarterly sales of
4 More REITs Hit New Yearly Lows
Worries about whether the Federal Reserve might slow the pace of interest rate hikes are taking a toll on a few real estate investment trusts (REITs). These four interest-sensitive REITs dropped to new 52-week lows as the sector continues to suffer from the more-sellers-than-buyers problem.
Stocks That Hit 52-Week Lows On Tuesday
Tuesday's session saw 167 companies set new 52-week lows.
BTIG Downgrades Paramount Group to Neutral
BTIG analyst Thomas Catherwood downgrades Paramount Group (NYSE:PGRE) from Buy to Neutral.
What 4 Analyst Ratings Have To Say About Paramount Group
Analysts have provided the following ratings for Paramount Group (NYSE:PGRE) within the last quarter: