Paramount Group Inc (NASDAQ:PGRE) target price raised to $18.00, reported today by Zacks Investment Research
- Updated: October 5, 2016
Yesterday Paramount Group Inc (NASDAQ:PGRE) traded -1.31% lower at $15.94. The company’s 50-day moving average is $17.33 and its 200-day moving average is $16.66. The last stock close price is down -5.01% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 497,761 shares of the stock were exchanged, down from an average trading volume of 858,491
Paramount Group Inc (NASDAQ:PGRE) had its target price raised to $18.00 by Zacks Investment Research in a report released Wednesday October 05, 2016. The new target price indicates a possible upside of 0.13% based on the company's last stock close price.
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Paramount Group Inc has a one year low of $14.23 and a 52 week high of $18.56 with a PE ratio of 527.67 Paramount Group Inc’s market capitalization is currently $0.
In addition to Zacks Investment Research reporting its stock price target, a total of 8 brokerages have issued a research note on the company. The average stock price target is $18.88 with 1 brokerage rating the stock a strong buy, 4 brokerages rating the stock a buy, 4 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Paramount Group Inc (NASDAQ:PGRE)
Paramount Group, Inc. is a 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 (D.C.) and San Francisco. The Company conducts its business primarily through Paramount Group Operating Partnership LP. It operates through the segment, which includes operating, leasing and managing office properties. Its portfolio consists of over 12 Class A office properties aggregating approximately 10.4 million square feet. It also has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. The Company's private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco.
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