TheStreet lowered shares of Paramount Group, Inc. (NYSE:PGRE) from a c rating to a d+ rating in a report published on Thursday morning.

Separately, Zacks Investment Research raised Paramount Group from a hold rating to a buy rating and set a $18.00 price target for the company in a report on Wednesday, August 16th. Four investment analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $16.42.

Paramount Group (NYSE PGRE) opened at $16.20 on Thursday. Paramount Group has a 1-year low of $15.14 and a 1-year high of $17.58. The firm has a market capitalization of $3,860.00 and a price-to-earnings ratio of 19.07.

Paramount Group (NYSE:PGRE) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. Paramount Group had a return on equity of 1.76% and a net margin of 12.29%. The company had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $172.85 million. During the same period in the previous year, the firm posted $0.20 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. research analysts anticipate that Paramount Group will post 0.89 EPS for the current fiscal year.

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A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System increased its stake in Paramount Group by 8.0% in the third quarter. California Public Employees Retirement System now owns 408,857 shares of the financial services provider’s stock valued at $6,542,000 after purchasing an additional 30,257 shares during the last quarter. Boothbay Fund Management LLC increased its stake in Paramount Group by 33.9% in the third quarter. Boothbay Fund Management LLC now owns 33,440 shares of the financial services provider’s stock valued at $535,000 after purchasing an additional 8,472 shares during the last quarter. Asset Management One Co. Ltd. increased its stake in Paramount Group by 28,976.5% in the third quarter. Asset Management One Co. Ltd. now owns 431,204 shares of the financial services provider’s stock valued at $6,868,000 after purchasing an additional 429,721 shares during the last quarter. AMP Capital Investors Ltd increased its stake in Paramount Group by 4.3% in the third quarter. AMP Capital Investors Ltd now owns 80,019 shares of the financial services provider’s stock valued at $1,280,000 after purchasing an additional 3,300 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in Paramount Group by 964.9% in the third quarter. Nomura Asset Management Co. Ltd. now owns 119,370 shares of the financial services provider’s stock valued at $1,910,000 after purchasing an additional 108,161 shares during the last quarter. Hedge funds and other institutional investors own 62.61% of the company’s stock.

About Paramount Group

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

Analyst Recommendations for Paramount Group (NYSE:PGRE)

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