Paramount Group, Inc. (NYSE:PGRE) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Paramount Group, Inc. (NYSE:PGRE) have received a consensus rating of “Reduce” from the five analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $4.70.

Separately, Wells Fargo & Company boosted their price target on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th.

Paramount Group Stock Up 1.0 %

PGRE stock opened at $4.87 on Friday. Paramount Group has a 52 week low of $4.06 and a 52 week high of $5.92. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.20, a price-to-earnings-growth ratio of 0.24 and a beta of 1.25. The firm’s 50-day moving average is $4.92 and its two-hundred day moving average is $4.79. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.91.

Hedge Funds Weigh In On Paramount Group

Hedge funds have recently made changes to their positions in the business. Centersquare Investment Management LLC grew its stake in shares of Paramount Group by 4.1% in the 1st quarter. Centersquare Investment Management LLC now owns 3,031,919 shares of the financial services provider’s stock worth $14,068,000 after purchasing an additional 119,590 shares during the last quarter. Swedbank AB purchased a new position in shares of Paramount Group in the first quarter worth approximately $688,000. BNP Paribas Financial Markets increased its position in shares of Paramount Group by 17.7% in the first quarter. BNP Paribas Financial Markets now owns 111,072 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 16,717 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Paramount Group by 202.6% in the fourth quarter. Quadrature Capital Ltd now owns 71,073 shares of the financial services provider’s stock worth $367,000 after acquiring an additional 47,586 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in shares of 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 acquiring an additional 6,583 shares in the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Company Profile

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.