Paramount Group Inc. (NYSE:PGRE) traded today at a new 52-week high of $11.03. This new high was reached on below average trading volume as 311,000 shares traded hands, while the average 30-day volume is approximately 1.5 million shares.
Paramount Group Inc. share prices have moved between a 52-week high of $11.03 and a 52-week low of $5.54 and are now trading 99% above that low price at $11.00 per share.
Paramount Group Inc is a real estate investment trust engaged in acquiring, managing, and redeveloping office properties in the central business district submarkets of New York City, Washington DC, and San Francisco. Most of the company's real estate portfolio is located in Manhattan, New York in terms of total square footage. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants. The company's New York City assets generate the majority of its total revenue. Firms from the financial services, legal services, and technology and media industries are Paramount Group's major customers and contribute the majority of its total rental revenue.
Paramount Group Inc. (NYSE:PGRE) is currently priced 21.5% above its average consensus analyst price target of $8.64.
Receive IBN Spotlights - "Bite Size" Small, Mid and Large-Cap Technical Indicator Alerts
To stay connected with our complimentary IBN Spotlights, please visit https://IBN.fm/connected
About InvestorBrandNetwork (IBN)
InvestorBrandNetwork (IBN) consists of 50+ trusted financial brands introduced to the investment public over the course of 15+ years. Through these brands, IBN provides (1) access to our Investor Press Release Wire Solutions via InvestorWire (IW) to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions via IW to ensure maximum impact; (4) full-scale distribution to an enormous social media audience that includes millions of followers; and (5) a full array of corporate communications solutions focused on the IBN Podcast Series. With a proven track record serving 500+ client partners, IBN is the key to a more effective market communication campaign.
For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer