Paramount Group (PGRE) Getting Somewhat Favorable Press Coverage, Analysis Shows

News headlines about Paramount Group (NYSE:PGRE) have trended somewhat positive recently, Accern Sentiment reports. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paramount Group earned a daily sentiment score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.0156048656368 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of equities research analysts recently commented on PGRE shares. Zacks Investment Research raised Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Wednesday, November 15th. TheStreet downgraded Paramount Group from a “c” rating to a “d+” rating in a report on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.40.

Paramount Group (NYSE PGRE) opened at $15.16 on Friday. Paramount Group has a twelve month low of $15.03 and a twelve month high of $17.58. The stock has a market capitalization of $3,637.12, a P/E ratio of 40.97, a price-to-earnings-growth ratio of 3.23 and a beta of 0.80.

Paramount Group (NYSE:PGRE) last announced its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. Paramount Group had a return on equity of 1.76% and a net margin of 12.29%. The company had revenue of $179.80 million during the quarter, compared to the consensus estimate of $172.85 million. During the same period in the previous year, the company posted $0.20 earnings per share. Paramount Group’s revenue for the quarter was up 5.0% on a year-over-year basis. research analysts anticipate that Paramount Group will post 0.9 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 12th. Shareholders of record on Friday, December 29th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, December 28th. Paramount Group’s payout ratio is presently 102.70%.

COPYRIGHT VIOLATION NOTICE: “Paramount Group (PGRE) Getting Somewhat Favorable Press Coverage, Analysis Shows” was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another publication, it was stolen and reposted in violation of United States and international trademark & copyright laws. The correct version of this piece of content can be read at https://stocknewstimes.com/2018/01/14/paramount-group-pgre-getting-somewhat-favorable-press-coverage-analysis-shows.html.

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).

Insider Buying and Selling by Quarter for Paramount Group (NYSE:PGRE)

Receive News & Ratings for Paramount Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply