Impact of Brokerage Rating on Paramount Group, Inc.(PGRE)

Many Paramount Group, Inc.(PGRE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Paramount Group Inc was Downgraded by Morgan Stanley to Equal-Weight on Dec 13, 2016. Paramount Group Inc was Upgraded by Wells Fargo to Outperform on Dec 13, 2016.

Company has reported several Insider transactions to the SEC, on Dec 5, 2016, Katharina Otto-bernstein (director 10% owner) purchased 100,000 shares at 15.59 per share price.On Mar 14, 2016, David P Oconnor (director) purchased 32,000 shares at 15.23 per share price.

Paramount Group Inc Last issued its quarterly earnings results on Nov 2, 2016. The company reported $0.20 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $0.19. The company had revenue of $171.32 million for the quarter, compared to analysts expectations of $167.82 million. The companys revenue was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.20 EPS.

Paramount Group, Inc. (NYSE:PGRE) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 6 Brokerage Firm. 3 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.

Paramount Group, Inc. (NYSE:PGRE) shares are expected to touch $17.9 in the short term. This short term price target has been shared by 5 analysts. However, the standard deviation of short term price estimate has been valued at 1.25. The target price could hit $19 on the higher end and $16 on the lower end.

Paramount Group, Inc. (NYSE:PGRE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.71% or 0.12 points. After the session commenced at $16.84, the stock reached the higher end at $16.89 while it hit a low of $16.69. With the volume soaring to 941,389 shares, the last trade was called at $16.81. The company has a 52-week high of $18.28. The company has a market cap of $3,717 million and there are 221,111,770 shares in outstanding. The 52-week low of the share price is $14.38.

Paramount Group, Inc. is a real estate investment trust focused on owning, operating and managing Class A office properties. It provides asset management, leasing, acquisitions, redevelopment and financing. The Company owns properties in New York City, Washington D.C. and San Francisco. Paramount Group, Inc. is based in the United States.

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