Paramount Group, Inc. (NYSE:PGRE) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its position in Paramount Group, Inc. (NYSE:PGRE) by 81.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,443 shares of the financial services provider’s stock after selling 69,787 shares during the quarter. American Century Companies Inc.’s holdings in Paramount Group were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings 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 increased its position in shares of Paramount Group by 33.9% in the fourth quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 3,708 shares in the last quarter. Xponance Inc. raised its stake in shares of Paramount Group by 54.8% in the 4th quarter. Xponance Inc. now owns 18,519 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 6,554 shares during the period. FMR LLC boosted its position in Paramount Group by 42.5% during the 3rd 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 period. Finally, Rhumbline Advisers raised its position in Paramount Group by 2.3% in the fourth quarter. Rhumbline Advisers now owns 340,672 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 7,574 shares during the period. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Analyst Ratings Changes

PGRE has been the subject of a number of recent research reports. Mizuho lowered their target price on Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Morgan Stanley lowered their price objective on shares of Paramount Group from $4.25 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th.

Insider Activity at Paramount Group

In other Paramount Group news, CEO Albert P. Behler bought 10,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the purchase, the chief executive officer now directly owns 751,812 shares in the company, valued at approximately $3,120,019.80. This trade represents a 1.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.50% of the stock is owned by corporate insiders.

Paramount Group Trading Up 2.4 %

Shares of PGRE opened at $4.24 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $5.47. The stock has a 50-day moving average price of $4.34 and a 200 day moving average price of $4.69. The company has a market capitalization of $929.51 million, a P/E ratio of -4.33 and a beta of 1.10.

Paramount Group (NYSE:PGRE) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. Sell-side analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Paramount Group Company 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. 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.