Paramount Group, Inc. (NYSE:PGRE – Get Rating) has earned an average recommendation of "Hold" from the seven research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $8.20.
Several research firms recently commented on PGRE. Evercore ISI dropped their price objective on Paramount Group from $9.00 to $8.00 and set an "in-line" rating on the stock in a research report on Tuesday, September 27th. Wells Fargo & Company reduced their price target on shares of Paramount Group from $10.00 to $6.00 and set an "underweight" rating for the company in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Paramount Group from $12.00 to $10.00 in a research report on Wednesday, July 20th. Mizuho cut their target price on shares of Paramount Group from $11.00 to $9.00 and set a "buy" rating for the company in a research report on Wednesday, July 6th. Finally, TheStreet cut Paramount Group from a "c" rating to a "d+" rating in a report on Wednesday, July 27th.
Get Paramount Group alerts:Hedge Funds Weigh In On Paramount Group
Institutional investors have recently bought and sold shares of the stock. Harvest Fund Management Co. Ltd bought a new position in shares of Paramount Group in the second quarter worth about $52,000. Vestmark Advisory Solutions Inc. purchased a new position in Paramount Group during the second quarter valued at approximately $73,000. Stephens Inc. AR bought a new position in shares of Paramount Group in the second quarter worth approximately $73,000. Xponance Inc. purchased a new stake in shares of Paramount Group in the second quarter worth $73,000. Finally, Legacy Wealth Asset Management LLC bought a new stake in shares of Paramount Group during the 2nd quarter valued at $76,000. 59.20% of the stock is owned by institutional investors.
Paramount Group Price Performance
Shares of NYSE:PGRE opened at $6.23 on Friday. The business has a fifty day moving average price of $7.19 and a 200-day moving average price of $8.36. The company has a debt-to-equity ratio of 0.86, a current ratio of 5.07 and a quick ratio of 5.07. The company has a market capitalization of $1.40 billion, a PE ratio of 311.66 and a beta of 1.20. Paramount Group has a 1-year low of $6.00 and a 1-year high of $11.53.Paramount Group Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.078 dividend. The ex-dividend date of this dividend is Thursday, September 29th. This represents a $0.31 annualized dividend and a yield of 5.01%. Paramount Group's payout ratio is presently 1,550.78%.
Paramount Group Company Profile
(Get Rating)
Headquartered in New York City, Paramount Group, Inc 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 City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.
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