Brokerages Set Paramount Group, Inc. (NYSE:PGRE) PT at $4.60

Shares of Paramount Group, Inc. (NYSE:PGREGet Free Report) have been given an average rating of “Reduce” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $4.60.

PGRE has been the topic of a number of analyst reports. upgraded shares of Paramount Group from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Morgan Stanley lowered their price objective on Paramount Group from $4.70 to $4.50 and set an “equal weight” rating for the company in a research report on Thursday, March 28th. Finally, Evercore ISI raised Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 target price on the stock in a research note on Monday, March 18th.

Read Our Latest Analysis on PGRE

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Swedbank AB purchased a new position in Paramount Group during the first quarter valued at $688,000. B. Riley Wealth Advisors Inc. grew its position in shares of Paramount Group by 23.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 160,000 shares of the financial services provider’s stock valued at $745,000 after purchasing an additional 30,000 shares in the last quarter. Caxton Associates LP grew its holdings in Paramount Group by 9.0% during the 1st quarter. Caxton Associates LP now owns 230,361 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 18,936 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Paramount Group by 5.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 129,471 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 6,583 shares during the last quarter. Finally, Long Pond Capital LP bought a new stake in shares of Paramount Group in the 1st quarter worth about $15,204,000. 65.64% of the stock is owned by hedge funds and other institutional investors.

Paramount Group Stock Down 0.6 %

Shares of NYSE PGRE opened at $4.61 on Friday. The stock has a market capitalization of $1.00 billion, a P/E ratio of -3.97, a PEG ratio of 0.23 and a beta of 1.23. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.03 and a quick ratio of 4.03. Paramount Group has a one year low of $4.06 and a one year high of $5.92. The firm’s 50 day simple moving average is $4.65 and its two-hundred day simple moving average is $4.77.

Paramount Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.14 annualized dividend and a dividend yield of 3.04%. Paramount Group’s payout ratio is -12.07%.

About Paramount Group

(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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