Paramount Group (PGRE) Receives Analyst Rating

Paramount Group (PGRE) has an average broker rating of 1.9, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Paramount Group (PGRE) : The highest short term price target forecast on Paramount Group (PGRE) is $20 and the lowest target price is $18. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $19.5 with a standard deviation of $1.


Also, BTIG Research initiates coverage on Paramount Group (NYSE:PGRE) . Analysts at the BTIG Research have a current rating of Neutral on the shares. The rating by the firm was issued on August 25, 2016.

Paramount Group (NYSE:PGRE): The stock opened in the green at $16.88 on Thursday, but the bulls found it difficult to push the prices higher. The stock reached a high of $16.98 and a low of $16.71 for the day. The stock did not find buyers even at the lows and closed at $16.85 recording a loss of -0.24%. 639,789 shares exchanged hands during the trading day. The stock had closed at $16.89 in the previous days trading.

Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramounts portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramounts private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.