Paramount Group, Inc. $PGRE Shares Purchased by Swedbank AB

Swedbank AB raised its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 11.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,440 shares of the financial services provider’s stock after buying an additional 19,258 shares during the period. Swedbank AB owned approximately 0.09% of Paramount Group worth $836,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in PGRE. Ameriprise Financial Inc. grew its stake in shares of Paramount Group by 159.7% in the 4th quarter. Ameriprise Financial Inc. now owns 43,239 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 26,590 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Paramount Group by 8.4% in the 4th quarter. BNP Paribas Financial Markets now owns 96,923 shares of the financial services provider’s stock worth $479,000 after purchasing an additional 7,489 shares during the last quarter. Gotham Asset Management LLC acquired a new position in shares of Paramount Group in the 4th quarter worth approximately $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 purchasing an additional 3,673 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of Paramount Group by 22.0% in the fourth quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider’s stock worth $78,000 after buying an additional 2,845 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Wall Street Analysts Forecast Growth

PGRE has been the subject of several recent analyst reports. Mizuho raised their target price on shares of Paramount Group from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. Evercore ISI upgraded shares of Paramount Group from an “in-line” rating to an “outperform” rating and raised their price target for the stock from $4.50 to $8.00 in a report on Tuesday, May 20th. Finally, Wells Fargo & Company decreased their price target on shares of Paramount Group from $4.50 to $4.20 and set an “underweight” rating for the company in a report on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Paramount Group has an average rating of “Hold” and a consensus price target of $5.36.

Paramount Group Price Performance

NYSE PGRE opened at $7.39 on Wednesday. The company has a quick ratio of 5.91, a current ratio of 5.91 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $1.63 billion, a PE ratio of -20.53 and a beta of 1.38. The company has a 50 day moving average price of $6.74 and a two-hundred day moving average price of $5.62. Paramount Group, Inc. has a 12-month low of $3.75 and a 12-month high of $7.85.

Paramount Group (NYSE:PGRE) last released its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $177.05 million for the quarter, compared to analyst estimates of $173.98 million. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. As a group, equities analysts predict that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Paramount Group 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.