Paramount Group (NYSE:PGRE) Upgraded by StockNews.com to “Hold”

Paramount Group (NYSE:PGRE) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

A number of other research analysts have also weighed in on the company. Evercore ISI raised Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price objective for the company in a research report on Monday, March 18th. Morgan Stanley dropped their price target on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Paramount Group presently has an average rating of “Hold” and an average price target of $4.60.

Paramount Group Stock Up 0.2 %

Shares of PGRE stock opened at $4.81 on Friday. Paramount Group has a twelve month low of $4.06 and a twelve month high of $5.92. The company has a quick ratio of 4.61, a current ratio of 4.03 and a debt-to-equity ratio of 0.90. The business’s fifty day moving average is $4.60 and its 200 day moving average is $4.74.

Institutional Trading of Paramount Group

Institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC lifted its position in Paramount Group by 201.4% during the third quarter. SG Americas Securities LLC now owns 83,924 shares of the financial services provider’s stock valued at $388,000 after purchasing an additional 56,079 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Paramount Group by 18.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 81,655 shares of the financial services provider’s stock valued at $377,000 after buying an additional 12,591 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of Paramount Group by 4.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 52,856 shares of the financial services provider’s stock worth $244,000 after buying an additional 2,441 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Paramount Group by 5.6% in the third quarter. Nisa Investment Advisors LLC now owns 78,886 shares of the financial services provider’s stock worth $364,000 after acquiring an additional 4,192 shares during the period. Finally, Principal Financial Group Inc. increased its position in Paramount Group by 39.2% during the third quarter. Principal Financial Group Inc. now owns 27,359 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 7,702 shares during the last quarter. Hedge funds and other institutional investors 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.