Paramount Group (NYSE:PGRE) : 5 analysts are covering Paramount Group (NYSE:PGRE) and their average rating on the stock is 1.9, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Paramount Group (NYSE:PGRE) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Paramount Group (NYSE:PGRE) : The highest short term price target forecast on Paramount Group (NYSE:PGRE) is $20 and the lowest target price is $17. A total of 4 equity analysts are currently covering the company. The average price of all the analysts is $19 with a standard deviation of $1.41.
Company shares have received an average consensus rating of Hold for the current week
Paramount Group (NYSE:PGRE): stock turned positive on Tuesday. Though the stock opened at $15.42, the bulls momentum made the stock top out at $15.58 level for the day. The stock recorded a low of $15.3 and closed the trading day at $15.42, in the green by 1.21%. The total traded volume for the day was 735,394. The stock had closed at $15.235 in the previous days trading.
In an insider trading activity, Oconnor David P, director of Paramount Group, Inc. had purchased 32,000 shares on March 10, 2016 in a transaction. The price per share was $15.23 and the total amount of the disclosed transaction was $487,360.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramounts portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount 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. Paramounts 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. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.