Paramount Group (NYSE:PGRE) was upgraded by research analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Several other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Paramount Group from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Morgan Stanley dropped their price objective on shares of Paramount Group from $15.00 to $14.50 and set an “underweight” rating on the stock in a research note on Thursday, June 14th. Finally, Mizuho upgraded shares of Paramount Group from an “underperform” rating to a “neutral” rating in a research note on Monday, May 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Paramount Group currently has an average rating of “Hold” and a consensus target price of $15.38.
Get Paramount Group alerts:PGRE traded up $0.14 on Thursday, hitting $15.61. 983,700 shares of the company’s stock were exchanged, compared to its average volume of 1,274,093. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 5.15 and a beta of 0.68. Paramount Group has a twelve month low of $13.70 and a twelve month high of $16.79.
Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Wednesday, May 2nd. The financial services provider reported $0.23 earnings per share for the quarter, hitting the consensus estimate of $0.23. The firm had revenue of $184.27 million for the quarter, compared to analyst estimates of $180.88 million. Paramount Group had a net margin of 12.07% and a return on equity of 1.74%. Paramount Group’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.22 earnings per share. equities analysts anticipate that Paramount Group will post 0.95 EPS for the current year.
Large investors have recently made changes to their positions in the business. Two Sigma Securities LLC acquired a new stake in shares of Paramount Group in the fourth quarter valued at approximately $190,000. Xact Kapitalforvaltning AB acquired a new position in shares of Paramount Group during the fourth quarter valued at approximately $230,000. IBM Retirement Fund increased its stake in shares of Paramount Group by 40.1% during the first quarter. IBM Retirement Fund now owns 15,986 shares of the financial services provider’s stock valued at $228,000 after acquiring an additional 4,572 shares during the period. Synovus Financial Corp increased its stake in shares of Paramount Group by 24.2% during the first quarter. Synovus Financial Corp now owns 20,704 shares of the financial services provider’s stock valued at $299,000 after acquiring an additional 4,037 shares during the period. Finally, Hsbc Holdings PLC increased its stake in shares of Paramount Group by 16.8% during the first quarter. Hsbc Holdings PLC now owns 23,554 shares of the financial services provider’s stock valued at $335,000 after acquiring an additional 3,381 shares during the period. Institutional investors own 63.16% of the company’s stock.
Paramount Group Company Profile
Headquartered in New York City, Paramount Group, Inc 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 City, Washington, DC and San Francisco.
To view ValuEngine’s full report, visit ValuEngine’s official website.
No comments:
Post a Comment