Paramount Group (PGRE) Raised to Hold at ValuEngine
ValuEngine upgraded shares of Paramount Group (NYSE:PGRE) from a sell rating to a hold rating in a report published on Tuesday.
Other equities analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Paramount Group from a hold rating to a buy rating and set a $16.00 target price on the stock in a report on Wednesday, April 25th. Mizuho upgraded shares of Paramount Group from an underperform rating to a neutral rating in a report on Monday, May 7th. Finally, Goldman Sachs Group upgraded shares of Paramount Group from a sell rating to a neutral rating and set a $16.00 target price on the stock in a report on Tuesday, February 6th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $15.25.
Paramount Group opened at $15.02 on Tuesday, according to Marketbeat.com. The stock has a market cap of $3.58 billion, a P/E ratio of 16.87, a price-to-earnings-growth ratio of 3.43 and a beta of 0.66. Paramount Group has a twelve month low of $13.70 and a twelve month high of $16.79.
A number of large investors have recently bought and sold shares of PGRE. IBM Retirement Fund acquired a new position in Paramount Group in the 4th quarter valued at about $181,000. Two Sigma Securities LLC acquired a new position in Paramount Group in the 4th quarter valued at about $190,000. Xact Kapitalforvaltning AB acquired a new position in Paramount Group in the 4th quarter valued at about $230,000. Synovus Financial Corp boosted its holdings in Paramount Group by 24.2% in the 1st quarter. Synovus Financial Corp now owns 20,704 shares of the financial services provider’s stock valued at $299,000 after purchasing an additional 4,037 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Paramount Group by 16.8% in the 1st quarter. Hsbc Holdings PLC now owns 23,554 shares of the financial services provider’s stock valued at $335,000 after purchasing an additional 3,381 shares during the last quarter. Institutional investors own 63.36% of the company’s stock.
About Paramount Group
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.
Receive News & Ratings for Paramount Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Group and related companies with MarketBeat.com's FREE daily email newsletter.