Breaking: Paramount Group (NYSE:PGRE) “Underweight” Rating Reaffirmed by Morgan Stanley Today; The Price Objective is Set to $14.5

June 14, 2018 - By Vivian Park

Paramount Group (NYSE:PGRE) Rating Reaffirmed

New York: In a research report revealed to investors and clients on Thursday, 14 June, Morgan Stanley reiterated their “Underweight” rating on Paramount Group (NYSE:PGRE) shares. They now have a $14.5 price target on the firm. Morgan Stanley’s target would suggest a potential downside of -3.81 % from the company’s close price.

Paramount Group, Inc. (NYSE:PGRE) Ratings Coverage

Among 3 analysts covering Paramount Group (NYSE:PGRE), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Paramount Group has $16.0 highest and $1500 lowest target. $15.50’s average target is 2.82% above currents $15.075 stock price. Paramount Group had 3 analyst reports since February 6, 2018 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, February 6 by Goldman Sachs. As per Monday, March 5, the company rating was downgraded by Evercore. As per Monday, May 7, the company rating was upgraded by Mizuho.

The stock increased 0.50% or $0.075 during the last trading session, reaching $15.075. About 353,266 shares traded. Paramount Group, Inc. (NYSE:PGRE) has declined 4.99% since June 14, 2017 and is downtrending. It has underperformed by 17.56% the S&P500.

Analysts await Paramount Group, Inc. (NYSE:PGRE) to report earnings on August, 2. They expect $0.23 EPS, 0.00 % or $0.00 from last year’s $0.23 per share. PGRE’s profit will be $61.13M for 16.39 P/E if the $0.23 EPS becomes a reality. After $0.23 actual EPS reported by Paramount Group, Inc. for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.

Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. The company has market cap of $4.01 billion.

Another recent and important Paramount Group, Inc. (NYSE:PGRE) news was published by Businesswire.com which published an article titled: “Paramount Appoints David Zobel as Executive Vice President, Head of Acquisitions” on June 08, 2018.

Paramount Group, Inc. (NYSE:PGRE) Ratings Chart

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