Paramount Group, Inc. (NYSE:PGRE) Position Trimmed by Citadel Advisors LLC

Citadel Advisors LLC decreased its holdings in Paramount Group, Inc. (NYSE:PGRE) by 0.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 912,017 shares of the financial services provider’s stock after selling 3,760 shares during the quarter. Citadel Advisors LLC owned 0.42% of Paramount Group worth $4,505,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PGRE. Vanguard Group Inc. boosted its holdings in shares of Paramount Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider’s stock worth $132,999,000 after buying an additional 477,940 shares during the period. Franklin Resources Inc. acquired a new position in Paramount Group in the 3rd quarter worth approximately $643,000. Barclays PLC boosted its stake in Paramount Group by 95.5% in the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider’s stock worth $2,242,000 after purchasing an additional 222,656 shares during the period. Northern Trust Corp grew its position in Paramount Group by 40.1% during the 4th quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider’s stock worth $14,282,000 after purchasing an additional 827,187 shares in the last quarter. Finally, Solel Partners LP acquired a new stake in Paramount Group during the 4th quarter valued at $6,719,000. Institutional investors own 65.64% of the company’s stock.

Paramount Group Trading Up 1.2%

Paramount Group stock opened at $4.79 on Monday. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $5.47. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a market cap of $1.05 billion, a P/E ratio of -4.88 and a beta of 1.12. The company’s fifty day simple moving average is $4.29 and its 200-day simple moving average is $4.60.

Paramount Group (NYSE:PGRE) last issued its earnings results on Wednesday, April 30th. The financial services provider reported $0.17 EPS for the quarter, meeting analysts’ consensus estimates of $0.17. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. The firm had revenue of $187.02 million for the quarter, compared to the consensus estimate of $180.79 million. As a group, sell-side analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on PGRE shares. StockNews.com downgraded Paramount Group from a “hold” rating to a “sell” rating in a report on Wednesday, April 23rd. Mizuho decreased their price objective on Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an “underweight” rating and set a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th.

Insider Buying and Selling at Paramount Group

In related news, CEO Albert P. Behler bought 10,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 751,812 shares in the company, valued at approximately $3,120,019.80. This represents a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 13.80% of the company’s stock.

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.