1,417,650 Shares in Paramount Group, Inc. $PGRE Acquired by Nuveen LLC

Nuveen LLC acquired a new position in Paramount Group, Inc. (NYSE:PGRE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 1,417,650 shares of the financial services provider’s stock, valued at approximately $6,096,000. Nuveen LLC owned about 0.65% of Paramount Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Northern Trust Corp boosted its holdings in shares of Paramount Group by 40.1% in the fourth quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider’s stock worth $14,282,000 after buying an additional 827,187 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Paramount Group in the first quarter worth approximately $6,164,000. Solel Partners LP purchased a new position in shares of Paramount Group in the fourth quarter worth approximately $6,719,000. Two Sigma Investments LP boosted its holdings in shares of Paramount Group by 17.4% in the fourth quarter. Two Sigma Investments LP now owns 1,088,289 shares of the financial services provider’s stock worth $5,376,000 after buying an additional 160,956 shares during the last quarter. Finally, Deutsche Bank AG lifted its holdings in Paramount Group by 58.3% during the fourth quarter. Deutsche Bank AG now owns 960,894 shares of the financial services provider’s stock valued at $4,747,000 after purchasing an additional 353,803 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Paramount Group Price Performance

PGRE stock opened at $6.7250 on Tuesday. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $6.93. The company’s fifty day moving average price is $6.41 and its 200-day moving average price is $5.34. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.91 and a current ratio of 5.91. The company has a market capitalization of $1.48 billion, a PE ratio of -18.68 and a beta of 1.35.

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

Wall Street Analyst Weigh In

PGRE has been the topic of several analyst reports. Mizuho lifted their price target on shares of Paramount Group from $5.00 to $6.00 and gave the company an “outperform” rating in a report on Monday, July 14th. Wells Fargo & Company lowered their price target on shares of Paramount Group from $5.00 to $4.50 and set an “underweight” rating on the stock in a report on Monday, May 19th. Finally, Evercore ISI raised shares of Paramount Group from an “in-line” rating to an “outperform” rating and lifted their price target for the company from $4.50 to $8.00 in a report on Tuesday, May 20th. Two analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Paramount Group currently has an average rating of “Hold” and an average 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.