Zacks Investment Research downgraded Paramount Group Inc (NASDAQ:PGRE) to Hold in a statement released earlier today.
- Updated: October 14, 2016
Having a price of $15.76, Paramount Group Inc (NASDAQ:PGRE) traded -0.32% lower on the day. With the last close down -5.09% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Paramount Group Inc has recorded a 50-day average of $16.89 and a two hundred day average of $16.65. Volume of trade was down over the average, with 525,207 shares of PGRE changing hands under the typical 823,111
Zacks Investment Research has downgraded Paramount Group Inc (NASDAQ:PGRE) to Hold in a statement released on Saturday October 15, 2016.
On 10/05/2016, Zacks Investment Research released a statement for Paramount Group Inc (NASDAQ:PGRE) bumped up the target price from $0.00 to $18.00 that suggested an upside of 0.13%.
With a total market value of $0, Paramount Group Inc has price-earnings ratio of 526.67 with a one year low of $14.23 and a one year high of $18.56 .
A total of 8 analysts have released a report on Paramount Group Inc. One analyst rating the company a strong buy, four analysts rating the company a buy, four firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $18.88.
About 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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