In a report released on January 5, Tom Catherwood from BTIG maintained a Hold rating on Paramount Group (PGRE – Research Report). The company’s shares closed last Friday at $5.03.
According to TipRanks, Catherwood is an analyst with an average return of -1.7% and a 46.46% success rate. Catherwood covers the Real Estate sector, focusing on stocks such as SL Green Realty, Prologis, and COPT Defense Properties.
Currently, the analyst consensus on Paramount Group is a Moderate Sell with an average price target of $4.64, implying a -7.75% downside from current levels. In a report released on December 21, Morgan Stanley also maintained a Hold rating on the stock with a $4.70 price target.
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PGRE market cap is currently $1.19B and has a P/E ratio of -11.89.
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Paramount Group (PGRE) Company Description:
Paramount Group, Inc. is a real estate investment and management company. It owns, operates, manages, acquires and redevelops office properties in central business district submarkets of New York, District of Columbia and San Francisco. The company was founded by Werner Otto in 1978 and is headquartered in New York, NY.
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