Paramount Group (NYSE:PGRE) Earning Somewhat Favorable Media Coverage, Report Shows

News articles about Paramount Group (NYSE:PGRE) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Paramount Group earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.6459490812749 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Several analysts recently commented on the stock. Zacks Investment Research downgraded shares of Paramount Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. TheStreet downgraded shares of Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Paramount Group currently has an average rating of “Hold” and an average price target of $16.40.

Shares of Paramount Group (NYSE PGRE) opened at $15.81 on Thursday. Paramount Group has a 12 month low of $15.14 and a 12 month high of $17.58. The stock has a market cap of $3,906.00, a PE ratio of 19.14, a price-to-earnings-growth ratio of 3.50 and a beta of 0.80.

Paramount Group (NYSE:PGRE) last released its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company had revenue of $179.80 million for the quarter, compared to analysts’ expectations of $172.85 million. Paramount Group had a net margin of 12.29% and a return on equity of 1.76%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.20 EPS. research analysts predict that Paramount Group will post 0.9 EPS for the current year.

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About Paramount Group

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).

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