Paramount Group (PGRE) Given News Impact Score of 0.18
Media headlines about Paramount Group (NYSE:PGRE) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Paramount Group earned a news impact score of 0.18 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 47.3085534070217 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Paramount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : November 14, 2017 (finance.yahoo.com)
- Paramount Group (PGRE) Board Announces Stock Repurchase Plan (americanbankingnews.com)
- Edited Transcript of PGRE earnings conference call or presentation 7-Nov-17 3:00pm GMT (finance.yahoo.com)
Separately, Zacks Investment Research cut shares of Paramount Group from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Four analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $16.42.
Paramount Group (PGRE) opened at $16.08 on Thursday. The company has a market cap of $3,920.40, a P/E ratio of 19.21, a P/E/G ratio of 3.15 and a beta of 0.80. Paramount Group has a 12 month low of $15.14 and a 12 month high of $17.58.
Paramount Group (NYSE:PGRE) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $179.80 million during the quarter, compared to analysts’ expectations of $172.85 million. Paramount Group had a net margin of 12.29% and a return on equity of 1.76%. Paramount Group’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.20 earnings per share. analysts predict that Paramount Group will post 0.89 earnings per share for the current fiscal year.
Paramount Group announced that its Board of Directors has initiated a stock repurchase plan on Thursday, August 3rd that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the financial services provider to repurchase up to 5.3% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.
Paramount Group Company Profile
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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