Paramount Group's (PGRE) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Paramount Group's stock received a "sell (D-)" rating from Weiss Ratings, indicating ongoing negative sentiment among analysts.
• Despite the sell rating, Mizuho and Evercore ISI have raised their price targets for the stock to $6.00 and $6.60, respectively, suggesting some analysts see potential upside.
• The stock has shown volatility, with a twelve-month range between $3.75 and $7.85, currently trading around $6.53.

Paramount Group (NYSE:PGRE - Get Free Report)'s stock had its "sell (d-)" rating reiterated by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities analysts have also recently weighed in on PGRE. Mizuho upped their price target on Paramount Group from $5.00 to $6.00 and gave the stock an "outperform" rating in a report on Monday, July 14th. Evercore ISI set a $6.60 price target on Paramount Group and gave the stock an "in-line" rating in a report on Monday, September 22nd. Wells Fargo & Company upgraded Paramount Group from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $4.20 to $6.60 in a research report on Thursday, September 18th. Finally, BTIG Research restated a "neutral" rating on shares of Paramount Group in a research report on Wednesday, September 17th. One analyst has rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and an average price target of $5.61.

Paramount Group Stock Performance

NYSE PGRE opened at $6.53 on Wednesday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of -18.14 and a beta of 1.37. Paramount Group has a twelve month low of $3.75 and a twelve month high of $7.85. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 0.90. The stock has a 50-day moving average of $6.77 and a 200 day moving average of $5.87.

Paramount Group (NYSE:PGRE - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company had revenue of $177.05 million during the quarter, compared to analysts' expectations of $173.98 million. Paramount Group had a negative return on equity of 1.92% and a negative net margin of 10.49%. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. Sell-side analysts anticipate that Paramount Group will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On Paramount Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Signaturefd LLC increased its holdings in shares of Paramount Group by 101.0% in the second quarter. Signaturefd LLC now owns 8,291 shares of the financial services provider's stock valued at $51,000 after purchasing an additional 4,167 shares during the last quarter. Manchester Capital Management LLC increased its holdings in shares of Paramount Group by 99.2% in the first quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 4,415 shares during the last quarter. Truist Financial Corp acquired a new stake in shares of Paramount Group in the second quarter valued at approximately $67,000. Wolverine Asset Management LLC increased its holdings in shares of Paramount Group by 86.6% in the first quarter. Wolverine Asset Management LLC now owns 12,195 shares of the financial services provider's stock valued at $52,000 after purchasing an additional 5,659 shares during the last quarter. Finally, Ethic Inc. acquired a new stake in shares of Paramount Group in the second quarter valued at approximately $76,000. Institutional investors and hedge funds own 65.64% of the company's stock.

About Paramount Group

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.

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