Morgan Stanley Lowers Paramount Group Price Target to $4.00

Analysts at Morgan Stanley have reduced their price target for Paramount Group (NYSE:PGRE) from $4.25 to $4.00. This change was noted in a research report issued on Tuesday. The firm has assigned an "equal weight" rating to the company's stock, indicating that they believe it will perform in line with the market. With this target price, there is an anticipated downside of approximately 3.26% based on the stock's previous close.

In a separate report, Mizuho has also decreased its price target for Paramount Group shares from $6.00 to $5.00, maintaining an "outperform" rating. Overall, the stock has received mixed ratings from analysts; one has given it a sell rating, while three have rated it as a hold and one analyst has issued a buy rating. Data from MarketBeat indicates that the consensus rating for the stock is "Hold" with a consensus target price set at $4.50.

Recent Stock Performance

On Tuesday, Paramount Group's shares saw a slight increase of 0.6%, trading up by $0.03 to reach a price of $4.14. The trading volume for the day was 352,302 shares, which is lower than the average volume of 968,110 shares. The company's debt-to-equity ratio stands at 0.91, and it has a strong current and quick ratio of 4.45 each. The stock has a 50-day moving average price of $4.57 and a 200-day moving average price of $4.82. Currently, Paramount Group has a market capitalization of $899.48 million, a negative P/E ratio of -4.22, and a beta of 1.22. The stock has seen a low of $3.96 and a high of $5.47 over the past year.

Recently, Paramount Group reported its quarterly earnings, announcing a $0.19 earnings per share (EPS) for the latest quarter. This was above analysts' expectations, which was set at $0.17. The company's negative net margin was reported at 27.92%, with a negative return on equity of 5.26%. Revenue for the quarter came in at $186.27 million, exceeding analyst estimates of $180.41 million. Looking ahead, analysts project that Paramount Group will achieve 0.78 earnings per share for the current fiscal year.

Institutional Trading Activity

Several institutional investors have been active in buying and selling shares of Paramount Group. For instance, during the third quarter, Metis Global Partners LLC increased its holdings by 38.8%, now owning 18,020 shares valued at approximately $89,000. Connor Clark & Lunn Investment Management Ltd. significantly boosted its stake by 782.7%, now holding 356,825 shares worth about $1.76 million. Other notable investments include Intech Investment Management LLC, which acquired a new position worth around $175,000, and Algert Global LLC, which raised its holdings by 2.3%. Swedbank AB also increased its shares by 25.2%, owning 142,466 shares valued at $701,000. In total, institutional investors and hedge funds control approximately 65.64% of the company’s stock.

About Paramount Group

Paramount Group, Inc. is a fully integrated real estate investment trust (REIT) specializing in the ownership and management of high-quality Class A office properties. It operates in key central business district submarkets in New York and San Francisco. The company's strategy focuses on maximizing asset value through strategic management and attracting high-quality tenants.

MorganStanley, ParamountGroup, StockMarket