Paramount Group, Inc. (NYSE:PGRE) Receives $4.60 Consensus Price Target from Brokerages

Shares of Paramount Group, Inc. (NYSE:PGREGet Free Report) have been assigned a consensus rating of “Reduce” from the five research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $4.60.

A number of research firms have recently weighed in on PGRE. Evercore ISI raised Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price objective on the stock in a research report on Monday, March 18th. StockNews.com cut Paramount Group from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Morgan Stanley lowered their price target on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, March 28th.

View Our Latest Stock Report on Paramount Group

Institutional Trading of Paramount Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Manchester Capital Management LLC grew its position in Paramount Group by 785.9% during the 4th quarter. Manchester Capital Management LLC now owns 5,076 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 4,503 shares during the period. FMR LLC raised its stake in shares of Paramount Group by 142.1% during the 1st quarter. FMR LLC now owns 7,909 shares of the financial services provider’s stock worth $36,000 after buying an additional 4,642 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Paramount Group by 35.7% in the second quarter. PNC Financial Services Group Inc. now owns 7,991 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,103 shares during the period. Tower Research Capital LLC TRC raised its position in shares of Paramount Group by 335.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 8,278 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 6,379 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in Paramount Group in the 3rd quarter worth about $48,000. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Paramount Group Trading Down 0.4 %

NYSE:PGRE opened at $4.69 on Friday. The stock has a market cap of $1.02 billion, a price-to-earnings ratio of -3.91, a PEG ratio of 0.25 and a beta of 1.22. The company’s 50 day moving average price is $4.60 and its 200-day moving average price is $4.72. Paramount Group has a 52 week low of $4.06 and a 52 week high of $5.92. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.95.

Paramount Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.035 per share. The ex-dividend date is Wednesday, March 27th. This represents a $0.14 annualized dividend and a dividend yield of 2.99%. Paramount Group’s dividend payout ratio (DPR) is presently -11.67%.

Paramount Group Company Profile

(Get Free Report

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco.

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Analyst Recommendations for Paramount Group (NYSE:PGRE)

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