Goldman Sachs Group Upgrades Paramount Group (PGRE) to “Neutral”
Goldman Sachs Group upgraded shares of Paramount Group (NYSE:PGRE) from a sell rating to a neutral rating in a research report released on Tuesday, Marketbeat Ratings reports. Goldman Sachs Group currently has $16.00 price target on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on PGRE. Zacks Investment Research raised Paramount Group from a hold rating to a buy rating and set a $18.00 target price for the company in a research note on Wednesday, November 15th. TheStreet downgraded Paramount Group from a c rating to a d+ rating in a research note on Thursday, November 16th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $16.60.
Paramount Group (PGRE) opened at $14.21 on Tuesday. The stock has a market capitalization of $3,425.85, a P/E ratio of 37.57, a PEG ratio of 3.06 and a beta of 0.67. Paramount Group has a one year low of $13.76 and a one year high of $17.58.
Hedge funds have recently modified their holdings of the company. IBM Retirement Fund purchased a new position in Paramount Group in the 4th quarter valued at approximately $181,000. Teton Advisors Inc. increased its stake in Paramount Group by 37.7% in the 3rd quarter. Teton Advisors Inc. now owns 17,900 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 4,900 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Paramount Group in the 4th quarter valued at approximately $286,000. Daiwa Securities Group Inc. increased its stake in Paramount Group by 6,222.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 20,423 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 20,100 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Paramount Group in the 3rd quarter valued at approximately $333,000. 61.71% of the stock is owned by institutional investors and hedge funds.
TRADEMARK VIOLATION WARNING: “Goldman Sachs Group Upgrades Paramount Group (PGRE) to “Neutral”” was first posted by Daily Political and is the property of of Daily Political. If you are viewing this article on another site, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2018/02/10/goldman-sachs-group-upgrades-paramount-group-pgre-to-neutral.html.
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).
Receive News & Ratings for Paramount Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Group and related companies with MarketBeat.com's FREE daily email newsletter.