Shares of Paramount Group Inc (NYSE:PGRE) have been given an average rating of “Hold” by the seven research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $17.17.

A number of research firms have recently weighed in on PGRE. Zacks Investment Research raised Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Tuesday, August 21st. Deutsche Bank raised their price objective on Paramount Group from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, August 29th. Finally, ValuEngine cut Paramount Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 3rd.

Institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its position in Paramount Group by 1.4% during the 2nd quarter. BlackRock Inc. now owns 15,349,289 shares of the financial services provider’s stock worth $236,379,000 after acquiring an additional 215,466 shares during the period. Russell Investments Group Ltd. lifted its position in Paramount Group by 10.9% during the 2nd quarter. Russell Investments Group Ltd. now owns 1,002,387 shares of the financial services provider’s stock worth $15,422,000 after acquiring an additional 98,495 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in Paramount Group by 8.9% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 208,228 shares of the financial services provider’s stock worth $3,207,000 after acquiring an additional 17,017 shares during the period. Capital Fund Management S.A. acquired a new stake in Paramount Group during the 2nd quarter worth about $833,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Paramount Group by 4.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 130,100 shares of the financial services provider’s stock worth $1,963,000 after acquiring an additional 5,500 shares during the period. 65.85% of the stock is owned by institutional investors.

Shares of Paramount Group stock traded up $0.10 during trading on Thursday, reaching $13.83. The company’s stock had a trading volume of 857,992 shares, compared to its average volume of 1,397,495. The company has a debt-to-equity ratio of 0.71, a current ratio of 4.57 and a quick ratio of 4.57. The stock has a market capitalization of $3.33 billion, a price-to-earnings ratio of 15.54, a PEG ratio of 4.74 and a beta of 0.67. Paramount Group has a 1-year low of $13.70 and a 1-year high of $16.15.

Paramount Group (NYSE:PGRE) last posted its quarterly earnings data on Monday, November 5th. The financial services provider reported $0.24 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.25 by ($0.01). The business had revenue of $192.60 million during the quarter, compared to analyst estimates of $191.24 million. Paramount Group had a negative return on equity of 0.06% and a negative net margin of 0.40%. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 EPS. On average, equities research analysts anticipate that Paramount Group will post 0.94 earnings per share for the current fiscal year.

Paramount Group Company Profile

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, Washington, DC and San Francisco.

See Also: Liquidity

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