Paramount Group (NYSE:PGRE) Earning Somewhat Favorable News Coverage, Analysis Shows
News articles about Paramount Group (NYSE:PGRE) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Paramount Group earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 48.4706241891676 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Paramount Group (NYSE PGRE) opened at 15.63 on Friday. Paramount Group has a 52-week low of $14.58 and a 52-week high of $18.28. The firm’s 50-day moving average price is $15.97 and its 200-day moving average price is $16.33. The stock has a market cap of $3.73 billion, a P/E ratio of 37.04 and a beta of 0.80.
A number of equities research analysts have issued reports on PGRE shares. BidaskClub raised Paramount Group from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Goldman Sachs Group, Inc. (The) reissued a “sell” rating on shares of Paramount Group in a research report on Thursday, June 22nd. Finally, Morgan Stanley downgraded Paramount Group from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $17.50 to $15.00 in a research report on Tuesday, June 13th. Three analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the company’s stock. Paramount Group currently has an average rating of “Hold” and a consensus target price of $15.50.
About Paramount Group
Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).
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