Paramount Group Inc (PGRE) Receives Average Recommendation of “Hold” from Analysts
Shares of Paramount Group Inc (NYSE:PGRE) have earned an average rating of “Hold” from the eight analysts that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $16.25.
PGRE has been the subject of several research reports. Goldman Sachs Group raised shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 price target for the company in a research note on Tuesday, February 6th. Zacks Investment Research raised shares of Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, November 15th. Finally, TheStreet raised shares of Paramount Group from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st.
Shares of Paramount Group (NYSE PGRE) traded up $0.05 on Friday, hitting $14.25. 1,469,254 shares of the stock traded hands, compared to its average volume of 1,168,756. The company has a market cap of $3,399.44, a PE ratio of 38.30, a P/E/G ratio of 3.04 and a beta of 0.67. Paramount Group has a one year low of $13.70 and a one year high of $17.58.
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Paramount Group Company Profile
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).
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