Somewhat Positive Media Coverage Somewhat Unlikely to Impact Paramount Group (PGRE) Stock Price
News stories about Paramount Group (NYSE:PGRE) have trended somewhat positive on Tuesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring 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 news impact score of 0.20 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 47.6459490812749 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:
- Paramount Group, Inc. (PGRE) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
- $0.22 EPS Expected for Paramount Group, Inc. (PGRE) This Quarter (americanbankingnews.com)
- Kennedy-Wilson Holdings Inc : Corporate News Blog – Kennedy-Wilson Sells Two Assets in the US and Ireland for a Total of $304 Million (4-traders.com)
- Paramount Group, Inc. (PGRE) Downgraded by TheStreet to “D+” (americanbankingnews.com)
- Paramount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : November 14, 2017 (finance.yahoo.com)
A number of equities research analysts recently commented on PGRE shares. Zacks Investment Research upgraded Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, August 16th. TheStreet downgraded Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Four analysts have rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.42.
Shares of Paramount Group (NYSE:PGRE) traded down $0.09 during mid-day trading on Tuesday, reaching $16.11. The company’s stock had a trading volume of 849,100 shares, compared to its average volume of 1,154,008. Paramount Group has a fifty-two week low of $15.14 and a fifty-two week high of $17.58. The stock has a market capitalization of $3,889.19, a P/E ratio of 19.06, a PEG ratio of 3.07 and a beta of 0.80.
Paramount Group (NYSE:PGRE) last issued its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Paramount Group had a return on equity of 1.76% and a net margin of 12.29%. The business had revenue of $179.80 million for the quarter, compared to the consensus estimate of $172.85 million. During the same period in the prior year, the business posted $0.20 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. research analysts expect that Paramount Group will post 0.89 earnings per share for the current year.
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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