Paramount Group, Inc. (NYSE:PGRE) has an average rating of “Hold” from brokers.

Paramount Group, Inc. (NYSE:PGRE – Get Rating) shares have received an average rating of “Hold” from the six rating agencies that currently cover the company, reports MarketBeat.com. One equities analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers who have rated the stock over the past year is $11.38.

A number of research companies have recently commented on PGRE. Morgan Stanley raised its price target on Paramount Group to $14.00 from $10.50 and ranked the company as “overweight” in a research report on Tuesday, March 1. Mizuho raised its price target on Paramount Group from $10.50 to $11.00 in a research report on Friday, April 22. StockNews.com assumed coverage of Paramount Group in a research report on Thursday, March 31st. They give the company a “hold” rating. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Paramount Group to $12.00 from $11.00 and rated the stock as “hold” in a research report on Thursday, April 14.

A number of hedge funds and other institutional investors have recently changed their holdings of PGRE. Vanguard Group Inc. increased its position in Paramount Group by 1.5% in the first quarter. Vanguard Group Inc. now owns 26,344,638 shares of the financial services provider valued at $287,420,000 after purchasing an additional 384,166 shares last quarter. State Street Corp increased its position in Paramount Group by 14.6% in the first quarter. State Street Corp now owns 9,398,448 shares of the financial services provider, valued at $103,244,000, after purchasing an additional 1,195,131 shares last quarter. Dimensional Fund Advisors LP added 0.8% to its position in Paramount Group during the third quarter. Dimensional Fund Advisors LP now owns 3,341,910 shares of the financial services provider, valued at $30,044,000, after purchasing an additional 26,836 shares last quarter. Charles Schwab Investment Management Inc. increased its position in Paramount Group by 2.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,296,136 shares of the financial services provider, valued at $35,961,000, after purchasing an additional 91,878 shares last quarter. Finally, JPMorgan Chase & Co. increased its position in Paramount Group by 22.2% in the first quarter. JPMorgan Chase & Co. now owns 2,865,554 shares of the financial services provider, valued at $31,263,000, after purchasing an additional 519,697 shares last quarter. 64.34% of the shares are currently held by institutional investors.

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Shares of PGRE opened at $7.35 on Friday. The stock’s 50-day moving average is $8.93 and the 200-day moving average is $9.36. Paramount Group has a yearly low of $7.15 and a yearly high of $11.53. The company has a market cap of $1.61 billion, a price-to-earnings ratio of -146.97 and a beta of 1.13. The company has a debt to equity ratio of 0.86, a quick ratio of 4.32 and a current ratio of 4.32.

Paramount Group (NYSE:PGRE – Get Rating) last announced earnings results on Wednesday, April 27th. The financial services firm reported earnings per share of $0.02 for the quarter, beating the consensus estimate of $0.23 ($0.21). Paramount Group had a negative net margin of 1.84% and a negative return on equity of 0.30%. In the same period last year, the company posted $0.23 per share. Analysts are forecasting that Paramount Group will post 0.95 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30 will receive a dividend of $0.078. This is an increase from Paramount Group’s previous quarterly dividend of $0.08. That equates to an annualized dividend of $0.31 and a yield of 4.24%. The ex-dividend date is Wednesday June 29th. Paramount Group’s payout ratio is currently -619.88%.

Paramount Group Corporate Profile (received rating)

Headquartered in New York City, Paramount Group, Inc is a fully integrated real estate investment trust that owns, operates, manages, acquires and redevelops quality Class A office properties in select submarkets of the New York City Central Business District and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging its asset locations and proven property management capabilities to attract and retain high-quality tenants.

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