Signaturefd LLC Boosts Stock Holdings in Paramount Group, Inc. $PGRE

Signaturefd LLC grew its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 101.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,291 shares of the financial services provider’s stock after purchasing an additional 4,167 shares during the quarter. Signaturefd LLC’s holdings in Paramount Group were worth $51,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PGRE. Manchester Capital Management LLC increased its holdings in shares of Paramount Group by 99.2% during the 1st quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 4,415 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Paramount Group by 86.6% during the 1st quarter. Wolverine Asset Management LLC now owns 12,195 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 5,659 shares in the last quarter. Levin Capital Strategies L.P. purchased a new position in shares of Paramount Group during the 1st quarter valued at approximately $64,000. Adero Partners LLC purchased a new position in shares of Paramount Group during the 1st quarter valued at approximately $67,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Paramount Group during the 1st quarter valued at approximately $109,000. 65.64% of the stock is owned by hedge funds and other institutional investors.

Paramount Group Stock Performance

Shares of PGRE opened at $6.53 on Tuesday. Paramount Group, Inc. has a 52-week low of $3.75 and a 52-week high of $7.85. 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 firm’s fifty day moving average is $6.75 and its two-hundred day moving average is $5.86. The stock has a market cap of $1.44 billion, a PE ratio of -18.14 and a beta of 1.37.

Paramount Group (NYSE:PGRE) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share (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 company had revenue of $177.05 million for the quarter, compared to analysts’ expectations of $173.98 million. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. Research analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

PGRE has been the subject of several recent research reports. Evercore ISI set a $6.60 target price on shares of Paramount Group and gave the company an “in-line” rating in a report on Monday, September 22nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Paramount Group in a report on Saturday, September 27th. BTIG Research reissued a “neutral” rating on shares of Paramount Group in a research note on Wednesday, September 17th. Wells Fargo & Company raised shares of Paramount Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $4.20 to $6.60 in a research note on Thursday, September 18th. Finally, 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 research note on Monday, July 14th. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $5.61.

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.