Paramount Group (PGRE) Earning Somewhat Favorable News Coverage, Study Finds

Media coverage about Paramount Group (NYSE:PGRE) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paramount Group earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 45.6467053288264 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the news headlines that may have impacted Accern’s analysis:

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PGRE has been the subject of several research analyst reports. Mizuho reaffirmed a “sell” rating and set a $14.00 target price on shares of Paramount Group in a research note on Friday, February 23rd. Goldman Sachs raised shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 target price for the company in a research note on Tuesday, February 6th. Zacks Investment Research cut shares of Paramount Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Finally, TheStreet raised shares of Paramount Group from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock currently has an average rating of “Sell” and an average target price of $15.75.

PGRE opened at $14.08 on Friday. The firm has a market cap of $3,445.33, a P/E ratio of 15.82, a P/E/G ratio of 3.55 and a beta of 0.66. Paramount Group has a fifty-two week low of $13.70 and a fifty-two week high of $17.22.

Paramount Group (NYSE:PGRE) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.22 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.22. Paramount Group had a net margin of 12.02% and a return on equity of 1.75%. The company had revenue of $180.26 million during the quarter, compared to analysts’ expectations of $179.69 million. During the same period last year, the company posted $0.17 earnings per share. Paramount Group’s quarterly revenue was up 8.1% on a year-over-year basis. equities analysts predict that Paramount Group will post 0.94 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Thursday, March 29th were paid a $0.10 dividend. This is a boost from Paramount Group’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Wednesday, March 28th. Paramount Group’s dividend payout ratio (DPR) is presently 44.94%.

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About Paramount Group

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, DC and San Francisco.

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