Brokerage Firm Rating Update on Paramount Group (PGRE)

Paramount Group (PGRE) has an average broker rating of 1.9, which is interpreted as a Buy, as rated by 5 equity analysts. Nonetheless, 2 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

Paramount Group (PGRE) : Currently there are 4 street experts covering Paramount Group (PGRE) stock. The most bullish and bearish price target for the stock is $20 and $18 respectively for the short term. The average price target of all the analysts comes to $19.5. The estimated standard deviation from the target is $1.


Company shares have received an average consensus rating of Hold for the current week Also, BTIG Research initiates coverage on Paramount Group (NYSE:PGRE) The current rating of the shares is Neutral. The rating by the firm was issued on August 25, 2016.

Paramount Group (NYSE:PGRE): The stock opened at $18.02 and touched an intraday high of $18.28 on Wednesday. During the day, the stock corrected to an intraday low of $18.02, however, the bulls stepped in and pushed the price higher to close in the green at $18.25 with a gain of 0.88% for the day. The total traded volume for the day was 1,063,655. The stock had closed at $18.09 in the previous trading session.

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.

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