According to The Fly, on Wednesday, stock analysts at Mizuho lowered their price objective for Paramount Group (NYSE: PGRE), bringing it down from $8.00 to $7.00. The price objective had previously been set at $8.00. According to the price objective that Mizuho established, the stock’s price can increase by 18.44% from where it is currently sitting.
PGRE has, over the last few days, received feedback from several different brokerages. StockNews.com released a research report on Wednesday, October 12, which initiated coverage of Paramount Group shares. The report can be found here. They recommended that shareholders “hold” their shares of the company. BTIG Research’s recommendation for Paramount Group was changed from “buy” to “neutral” on October 19. This change reflects the company’s lack of conviction in the stock. In a research note published on November 21, Evercore ISI lowered their price target for the stock of Paramount Group from $8.00 to $6.50 and changed the stock’s rating from “in line” to “underperform.” Both of these moves were made about the stock’s performance. The price objective that Deutsche Bank Aktiengesellschaft has placed on shares of Paramount Group has been reduced from $10.00 to $8.00, as stated in a research note that was published on Thursday, October 13. A rating of “hold” was maintained for the stock throughout the note.
Last but not least, in a research note distributed on November 23, Morgan Stanley changed their price objective for Paramount Group shares from “overweight” to “equal weight” and decreased it from $8.00 to $6.50. Five of the equity research analysts surveyed recommended holding onto the stock, one recommended buying it, and two recommended selling it. In addition to that, a neutral rating has been assigned to the stock. According to information obtained from Bloomberg, the general opinion regarding the stock of Paramount Group is to “hold” it, and the average price objective has been established at $6.60.
The price of one share of Paramount Group stock was $5.91 as of the morning of Wednesday, March 13. The current price-to-earnings ratio for the company is 295.85, and it has a beta value of 1.15 and a market value of 1.30 billion dollars. A debt-to-equity ratio of 0.87, a quick ratio of 3.48, a current ratio of 3.48, and a quick ratio of 3.48 are all present. Paramount Group’s lowest price in the past year was $5.48, while the company’s all-time high was $11.53. A moving average of $6.20 has been calculated for the company over the past 50 days, and a moving average of $6.76 has been calculated over the last 200 days.
Thomas Armbrust, a director at the Paramount Group, recently purchased 20,000 shares of the company’s equity on December 7. This is just one of the recent events involving the Paramount Group. On average, $5.71 was paid for each of the 114,200 shares acquired as part of this transaction. Following the transaction’s completion, the director acquired 232,853 shares of the company, which together have a value of $1,329,590.63. Clicking on the link provided in the previous sentence will take you to a page where you can read the legal documents sent to the Securities and Exchange Commission regarding the transaction. In other news, Thomas Armbrust, a director at Paramount Group, purchased 20,000 shares of the company’s stock on December 7. This was reported in the press on December 7. On average, $5.71 was paid for each of the 114,200 shares acquired as part of this transaction. Following the completion of the transaction, the director will have a total of 232,853 shares in the company, which will have a value of $1,329,590.63 at the time of their acquisition. Follow the link, which will take you to a filing submitted to the Securities and Exchange Commission. You will have the opportunity to acquire additional information regarding the transaction. In addition, on December 7, Albert P. Behler, the Chief Executive Officer of Paramount Group, purchased an additional 40,000 shares of the company’s stock. The stock was purchased for a total cost of $230,000.00, which works out to $5.75 per share on average when divided by the number of shares purchased. This is where you can find the disclosure about this transaction. According to the deal, as a result of the transaction, the CEO now has authority over 171,812 shares, which have a combined value of $987,919; 10.40% of the company’s shares are owned by corporate insiders who control the company.
Recently, institutional investors and hedge funds have altered how they hold positions in the company in response to recent market events. In the first three months of 2018, Mackenzie Financial Corporation acquired an additional 3.2% ownership stake in the Paramount Group. After purchasing an additional 1,229 shares during the most recent quarter, Mackenzie Financial Corp. now owns 39,466 stock held by the financial services provider. The current value of these holdings is $431,000. Price T. Rowe Associates Inc. (MD), a publicly-traded company, increased the proportion of the company’s stock that it owns by 1.7% during the second quarter. Price T. Rowe Associates Inc. (MD), according to the most recent disclosure, now possessed 1,304 additional shares in the company, bringing its total number of shares to 76,170, which had a value of $551,000. Daiwa Securities Group Inc.’s ownership in Paramount Group increased by 3.4% during the third quarter. After making an additional purchase of 1,568 shares during the month, Daiwa Securities Group Inc. now has a total of 47,17