Brokerages Set Paramount Group, Inc. (NYSE:PGRE) PT at $4.60

Paramount Group, Inc. (NYSE:PGRE) has earned an average recommendation of “Reduce” from the five research firms that are currently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $4.60.

PGRE has been the topic of several analyst reports. StockNews.com raised Paramount Group from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Morgan Stanley cut their price objective on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research report on Thursday, March 28th.

Paramount Group Stock Down 0.6 %

Shares of Paramount Group stock opened at $5.13 on Friday. The stock has a market capitalization of $1.11 billion, a price-to-earnings ratio of -4.42, a PEG ratio of 0.26 and a beta of 1.26. Paramount Group has a twelve month low of $4.06 and a twelve month high of $5.92. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.90. The business’s 50 day simple moving average is $4.73 and its 200-day simple moving average is $4.70.

Paramount Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.035 dividend. The ex-dividend date was Friday, June 28th. This represents a $0.14 dividend on an annualized basis and a yield of 2.73%. Paramount Group’s dividend payout ratio is presently -12.07%.

Institutional Trading of Paramount Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp boosted its holdings in shares of Paramount Group by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock valued at $4,829,000 after acquiring an additional 63,789 shares in the last quarter. 1620 Investment Advisors Inc. bought a new position in Paramount Group during the 2nd quarter valued at $52,000. Swedbank AB bought a new stake in shares of Paramount Group in the 1st quarter worth $688,000. B. Riley Wealth Advisors Inc. lifted its holdings in shares of Paramount Group by 23.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 160,000 shares of the financial services provider’s stock valued at $745,000 after buying an additional 30,000 shares during the period. Finally, Caxton Associates LP boosted its stake in Paramount Group by 9.0% during the first quarter. Caxton Associates LP now owns 230,361 shares of the financial services provider’s stock valued at $1,080,000 after buying an additional 18,936 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.

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.