Shares of Paramount Group, Inc. (NYSE:PGRE – Get Free Report) have earned a consensus recommendation of “Reduce” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two 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 1 year target price among analysts that have updated their coverage on the stock in the last year is $4.60.
Several equities analysts have weighed in on PGRE shares. Evercore ISI upgraded Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price objective on the stock in a research note on Monday, March 18th. Morgan Stanley dropped their target price on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Finally, StockNews.com cut Paramount Group from a “hold” rating to a “sell” rating in a research report on Monday, February 19th.
Read Our Latest Report on Paramount Group
Paramount Group Stock Performance
Paramount Group Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend is Wednesday, March 27th. Paramount Group’s dividend payout ratio (DPR) is presently -11.67%.
Institutional Trading of Paramount Group
Several large investors have recently modified their holdings of PGRE. Manchester Capital Management LLC increased 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 worth $26,000 after purchasing an additional 4,503 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Paramount Group by 35.7% during the second quarter. PNC Financial Services Group Inc. now owns 7,991 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 2,103 shares during the last quarter. FMR LLC grew its stake in Paramount Group by 142.1% in the 1st quarter. FMR LLC now owns 7,909 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 4,642 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of Paramount Group by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 8,278 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 6,379 shares during the period. Finally, Ieq Capital LLC purchased a new stake in shares of Paramount Group in the 3rd quarter worth $48,000. Institutional investors own 65.64% of the company’s stock.
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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