Paramount Group, Inc. $PGRE Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its position in Paramount Group, Inc. (NYSE:PGRE) by 0.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,982,485 shares of the financial services provider’s stock after acquiring an additional 59,689 shares during the quarter. Vanguard Group Inc. owned 12.31% of Paramount Group worth $116,025,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Quantinno Capital Management LP grew its position in shares of Paramount Group by 22.0% in the 4th quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider’s stock worth $78,000 after acquiring an additional 2,845 shares in the last quarter. Nebula Research & Development LLC grew its position in shares of Paramount Group by 7.0% in the 4th quarter. Nebula Research & Development LLC now owns 54,852 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 3,611 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Paramount Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,005 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 3,673 shares in the last quarter. Manchester Capital Management LLC grew its position in shares of Paramount Group by 99.2% in the 1st quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 4,415 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position in Paramount Group by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 5,257 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Stock Down 0.5%

Shares of Paramount Group stock opened at $6.6250 on Friday. The business’s fifty day moving average price is $6.40 and its two-hundred day moving average price is $5.31. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.91 and a quick ratio of 5.91. The company has a market capitalization of $1.46 billion, a P/E ratio of -18.40 and a beta of 1.35. Paramount Group, Inc. has a 1-year low of $3.75 and a 1-year high of $6.93.

Paramount Group (NYSE:PGRE) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $177.05 million for the quarter, compared to the consensus estimate of $173.98 million. Paramount Group had a negative return on equity of 1.92% and a negative net margin of 10.49%. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. As a group, research analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently issued reports on PGRE. Mizuho boosted their price objective on Paramount Group from $5.00 to $6.00 and gave the company an “outperform” rating in a research report on Monday, July 14th. Evercore ISI upgraded Paramount Group from an “in-line” rating to an “outperform” rating and boosted their price objective for the company from $4.50 to $8.00 in a research report on Tuesday, May 20th. Finally, Wells Fargo & Company reduced their price objective on Paramount Group from $5.00 to $4.50 and set an “underweight” rating for the company in a research report on Monday, May 19th. Two analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.44.

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.