Paramount Group (NYSE:PGRE) Price Target Raised to $6.00 at Mizuho

Paramount Group (NYSE:PGRE - Free Report) had its price target hoisted by Mizuho from $5.00 to $6.00 in a research report released on Monday morning,Benzinga reports. They currently have an outperform rating on the financial services provider's stock.

A number of other research firms have also recently issued reports on PGRE. Morgan Stanley reiterated an "underweight" rating and issued a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th. Evercore ISI upgraded Paramount Group from an "in-line" rating to an "outperform" rating and lifted their price objective for the company from $4.50 to $8.00 in a research report on Tuesday, May 20th. Wall Street Zen lowered Paramount Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. Finally, Wells Fargo & Company lowered their target price on Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Monday, May 19th. Three research analysts have rated the stock with a sell rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Paramount Group has a consensus rating of "Hold" and a consensus price target of $5.44.

Paramount Group Price Performance

Shares of Paramount Group stock traded down $0.20 during midday trading on Monday, hitting $6.48. 2,870,928 shares of the company were exchanged, compared to its average volume of 1,624,720. The firm has a 50 day simple moving average of $6.00 and a 200-day simple moving average of $5.00. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.56 and a quick ratio of 5.56. The firm has a market cap of $1.42 billion, a P/E ratio of -20.89 and a beta of 1.31. Paramount Group has a 52 week low of $3.75 and a 52 week high of $6.89.

Paramount Group (NYSE:PGRE - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.17. Paramount Group had a negative return on equity of 1.63% and a negative net margin of 8.76%. The company had revenue of $187.02 million during the quarter, compared to analysts' expectations of $180.79 million. Research analysts forecast that Paramount Group will post 0.78 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp increased its stake in shares of Paramount Group by 40.1% in the 4th quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider's stock valued at $14,282,000 after buying an additional 827,187 shares during the period. Vanguard Group Inc. boosted its holdings in Paramount Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock valued at $132,999,000 after acquiring an additional 477,940 shares during the last quarter. Two Sigma Advisers LP increased its position in Paramount Group by 103.3% in the fourth quarter. Two Sigma Advisers LP now owns 742,100 shares of the financial services provider's stock worth $3,666,000 after purchasing an additional 377,100 shares during the period. Deutsche Bank AG increased its position in Paramount Group by 58.3% in the fourth quarter. Deutsche Bank AG now owns 960,894 shares of the financial services provider's stock worth $4,747,000 after purchasing an additional 353,803 shares during the period. Finally, Solel Partners LP acquired a new position in Paramount Group during the 4th quarter valued at about $6,719,000. Institutional investors own 65.64% of the company's stock.

Paramount Group Company Profile

Paramount Group, Inc ("Paramount" or the "Company") 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 and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.