News coverage about Paramount Group (NYSE:PGRE) has trended somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paramount Group earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the financial services provider an impact score of 45.2910530223509 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
A number of analysts have recently weighed in on PGRE shares. BidaskClub upgraded shares of Paramount Group from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Morgan Stanley cut shares of Paramount Group from an “equal weight” rating to an “underweight” rating and decreased their price objective for the company from $17.50 to $15.00 in a research note on Tuesday, June 13th. Finally, Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Paramount Group in a research note on Thursday, June 22nd. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.50.
Shares of Paramount Group (PGRE) opened at 16.48 on Friday. The company has a 50-day moving average of $16.04 and a 200 day moving average of $16.36. The stock’s market cap is $3.81 billion. Paramount Group has a one year low of $14.58 and a one year high of $18.28.
About Paramount Group
Paramount Group, Inc is a fully-integrated 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 (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).
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