Paramount Group (NYSE:PGRE – Free Report) had its price objective lifted by Wells Fargo & Company from $3.50 to $4.00 in a research report report published on Wednesday, Benzinga reports. Wells Fargo & Company currently has an underweight rating on the financial services provider’s stock.
Paramount Group Price Performance
Shares of Paramount Group stock opened at $4.89 on Wednesday. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of -4.22, a P/E/G ratio of 0.24 and a beta of 1.25. The firm’s 50-day moving average price is $4.94 and its two-hundred day moving average price is $4.73. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.91. Paramount Group has a 1-year low of $4.06 and a 1-year high of $5.92.
Paramount Group Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were issued a dividend of $0.035 per share. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.14 dividend on an annualized basis and a yield of 2.86%. Paramount Group’s dividend payout ratio is -12.07%.
Hedge Funds Weigh In On Paramount Group
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.
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