Paramount Group, Inc. (NYSE:PGRE) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its stake in Paramount Group, Inc. (NYSE:PGRE) by 17.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 21,393 shares of the financial services provider’s stock after selling 4,468 shares during the quarter. Signaturefd LLC’s holdings in Paramount Group were worth $111,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Ieq Capital LLC acquired a new stake in shares of Paramount Group in the third quarter valued at $48,000. Wolverine Asset Management LLC acquired a new position in Paramount Group in the 3rd quarter valued at about $52,000. Paces Ferry Wealth Advisors LLC purchased a new stake in Paramount Group during the third quarter worth about $54,000. Ballentine Partners LLC acquired a new stake in shares of Paramount Group during the fourth quarter worth about $111,000. Finally, Van ECK Associates Corp boosted its stake in shares of Paramount Group by 19.4% in the third quarter. Van ECK Associates Corp now owns 24,793 shares of the financial services provider’s stock valued at $114,000 after purchasing an additional 4,026 shares during the period. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on PGRE. Morgan Stanley reduced their target price on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. StockNews.com lowered Paramount Group from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Evercore ISI upgraded Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price target on the stock in a report on Monday, March 18th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Paramount Group presently has an average rating of “Hold” and an average target price of $4.60.

Paramount Group Price Performance

Paramount Group stock opened at $4.76 on Tuesday. The company has a current ratio of 4.61, a quick ratio of 4.61 and a debt-to-equity ratio of 0.95. The company has a fifty day simple moving average of $4.59 and a 200-day simple moving average of $4.74. The stock has a market cap of $1.03 billion, a P/E ratio of -3.97, a price-to-earnings-growth ratio of 0.25 and a beta of 1.22. Paramount Group, Inc. has a 12-month low of $4.06 and a 12-month high of $5.92.

Paramount Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.035 per share. This represents a $0.14 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date was Wednesday, March 27th. Paramount Group’s dividend payout ratio (DPR) is -11.67%.

Paramount Group Profile

Paramount Group, Inc ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco.