Paramount Group (PGRE) Getting Somewhat Favorable News Coverage, Report Shows

News headlines about Paramount Group (NYSE:PGRE) have been trending somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Paramount Group earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.7400620564793 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Several analysts have commented on PGRE shares. Zacks Investment Research raised shares of Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Wednesday, August 23rd. TheStreet cut shares of Paramount Group from a “c” rating to a “d+” rating in a research note on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.40.

Shares of Paramount Group (PGRE) traded down $0.07 during midday trading on Thursday, hitting $15.74. 1,554,428 shares of the stock traded hands, compared to its average volume of 1,161,121. Paramount Group has a one year low of $15.14 and a one year high of $17.58. The stock has a market cap of $3,831.58, a PE ratio of 18.78, a PEG ratio of 3.43 and a beta of 0.80.

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

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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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