Paramount Group (PGRE) : 2 brokerage houses believe that Paramount Group (PGRE) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 2 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Paramount Group (PGRE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 1.9.
Paramount Group (PGRE) : The most positive equity analysts on Paramount Group (PGRE) expects the shares to touch $20, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 4 Wall Street Brokerage Firms. The average price target for shares are $19 with an expected fluctuation of $1.41 from the mean.
Paramount Group (NYSE:PGRE): The stock opened at $15.63 on Wednesday but the bulls could not build on the opening and the stock topped out at $15.71 for the day. The stock traded down to $15.55 during the day, due to lack of any buying support eventually closed down at $15.65 with a loss of -0.19% for the day. The stock had closed at $15.68 on the previous day. The total traded volume was 509,180 shares.
The company shares have dropped -11.76% from its 1 Year high price. On Dec 2, 2015, the shares registered one year high at $18.56 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $16.08 and the 200 Day Moving Average price is recorded at $16.23.
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.