Paramount Group (PGRE) Earns News Impact Rating of 0.40

Media coverage about Paramount Group (NYSE:PGRE) has been trending positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Paramount Group earned a news sentiment score of 0.40 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.5174791497232 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

Here are some of the news headlines that may have effected Accern’s rankings:

A number of analysts have issued reports on PGRE shares. Zacks Investment Research cut shares of Paramount Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 28th. TheStreet lowered shares of Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Finally, Goldman Sachs Group raised shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 price target on the stock in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $16.60.

Paramount Group (NYSE PGRE) opened at $14.20 on Wednesday. Paramount Group has a 52-week low of $13.70 and a 52-week high of $17.58. The company has a market cap of $3,411.45, a P/E ratio of 38.38, a PEG ratio of 3.05 and a beta of 0.67.

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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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