Vanguard Group Inc. Raises Position in Paramount Group, Inc. (NYSE:PGRE)

Vanguard Group Inc. lifted its stake in Paramount Group, Inc. (NYSE:PGRE) by 1.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,922,796 shares of the financial services provider’s stock after purchasing an additional 477,940 shares during the quarter. Vanguard Group Inc. owned about 12.38% of Paramount Group worth $132,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Quadrature Capital Ltd increased its position in Paramount Group by 19.4% during the third quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 2,864 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Paramount Group by 16.3% during the 4th quarter. Metis Global Partners LLC now owns 20,955 shares of the financial services provider’s stock worth $104,000 after purchasing an additional 2,935 shares during the period. US Bancorp DE raised its position in Paramount Group by 33.9% in the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 3,708 shares during the period. Xponance Inc. raised its position in Paramount Group by 54.8% in the 4th quarter. Xponance Inc. now owns 18,519 shares of the financial services provider’s stock worth $91,000 after purchasing an additional 6,554 shares during the period. Finally, FMR LLC lifted its stake in Paramount Group by 42.5% in the third quarter. FMR LLC now owns 22,695 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 6,768 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Paramount Group Price Performance

Shares of PGRE stock opened at $3.97 on Tuesday. The company has a market capitalization of $863.15 million, a P/E ratio of -4.05 and a beta of 1.10. The company’s 50-day simple moving average is $4.43 and its two-hundred day simple moving average is $4.74. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $5.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45.

Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. The company had revenue of $186.27 million for the quarter, compared to the consensus estimate of $180.41 million. As a group, equities analysts anticipate that Paramount Group, Inc. will post 0.78 EPS for the current year.

Insider Activity at Paramount Group

In other Paramount Group news, CEO Albert P. Behler bought 10,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the transaction, the chief executive officer now owns 751,812 shares of the company’s stock, valued at approximately $3,120,019.80. This trade represents a 1.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 13.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on PGRE shares. Mizuho reduced their price target on Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. Morgan Stanley cut their price objective on Paramount Group from $4.25 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 18th.

About Paramount Group

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. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.