Brokerages Set Paramount Group, Inc. (NYSE:PGRE) PT at $4.70

Shares of Paramount Group, Inc. (NYSE:PGRE) have been assigned a consensus recommendation of “Reduce” from the five ratings firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $4.70.

Separately, Wells Fargo & Company lifted their price target on Paramount Group from $3.50 to $4.00 and gave the company an “underweight” rating in a research note on Wednesday, September 11th.

Hedge Funds Weigh In On Paramount Group

Several hedge funds have recently modified their holdings of the stock. Manchester Capital Management LLC grew its stake in shares of Paramount Group by 785.9% in the fourth quarter. Manchester Capital Management LLC now owns 5,076 shares of the financial services provider’s stock valued at $26,000 after buying an additional 4,503 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Paramount Group in the second quarter valued at $52,000. Marshall Wace LLP bought a new position in shares of Paramount Group in the 2nd quarter valued at about $74,000. Great Lakes Advisors LLC acquired a new position in shares of Paramount Group during the 4th quarter worth about $85,000. Finally, Team Hewins LLC bought a new stake in shares of Paramount Group in the 4th quarter valued at about $112,000. Institutional investors own 65.64% of the company’s stock.

Paramount Group Trading Up 2.2 %

Shares of NYSE:PGRE opened at $5.05 on Wednesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of -4.35, a PEG ratio of 0.24 and a beta of 1.25. Paramount Group has a 12 month low of $4.06 and a 12 month high of $5.92. The company’s fifty day simple moving average is $4.96 and its 200 day simple moving average is $4.74. The company has a quick ratio of 4.39, a current ratio of 4.39 and a debt-to-equity ratio of 0.91.

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.