Somewhat Favorable News Coverage Somewhat Unlikely to Impact Paramount Group (PGRE) Stock Price

Media coverage about Paramount Group (NYSE:PGRE) has trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by analyzing 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 closest to one being the most favorable. Paramount Group earned a news sentiment score of 0.21 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 47.9684465916123 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Shares of Paramount Group (PGRE) traded up $0.08 during midday trading on Monday, reaching $16.27. The company had a trading volume of 1,153,114 shares, compared to its average volume of 1,161,440. The stock has a market capitalization of $3,886.79, a price-to-earnings ratio of 19.05, a P/E/G ratio of 3.02 and a beta of 0.80. Paramount Group has a 52-week low of $15.14 and a 52-week high of $17.58.

Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.22 EPS for the quarter, topping the Thomson Reuters’ 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 business had revenue of $179.80 million for the quarter, compared to analyst estimates of $172.85 million. During the same quarter in the prior year, the firm posted $0.20 EPS. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. equities analysts anticipate that Paramount Group will post 0.9 EPS for the current year.

Several research firms recently weighed in on PGRE. Zacks Investment Research upgraded Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Wednesday, August 16th. TheStreet downgraded shares of Paramount Group from a “c” rating to a “d+” rating in a report on Thursday, November 16th. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $16.40.

ILLEGAL ACTIVITY NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Impact Paramount Group (PGRE) Stock Price” was originally reported by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at

Paramount Group Company Profile

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

Leave a Reply