Mizuho Trims Paramount Group Inc. (PGRE) Target Price to $16.00
Paramount Group Inc. (NYSE:PGRE) had its price objective cut by Mizuho from $17.00 to $16.00 in a research report released on Monday, StockTargetPrices.com reports. They currently have a neutral rating on the stock.
Shares of Paramount Group (NYSE:PGRE) opened at 15.16 on Monday. Paramount Group has a 52 week low of $14.23 and a 52 week high of $18.56. The company has a market capitalization of $3.35 billion, a PE ratio of 797.89 and a beta of 0.76. The company has a 50-day moving average price of $15.90 and a 200-day moving average price of $16.59.
Large investors have recently added to or reduced their stakes in the stock. Invictus RG acquired a new stake in Paramount Group during the first quarter valued at approximately $265,000. HBK Investments L P acquired a new stake in Paramount Group during the first quarter valued at approximately $610,000. A.R.T. Advisors LLC boosted its stake in Paramount Group by 25.0% in the first quarter. A.R.T. Advisors LLC now owns 78,448 shares of the company’s stock valued at $1,251,000 after buying an additional 15,700 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Paramount Group during the first quarter valued at approximately $1,654,000. Finally, AXA acquired a new stake in Paramount Group during the first quarter valued at approximately $1,789,000. 65.53% of the stock is currently owned by institutional investors.
Paramount Group Company Profile
Paramount Group, Inc is a 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 primarily through Paramount Group Operating Partnership LP.
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