State of Alaska Department of Revenue Has $550,000 Stock Position in Paramount Group, Inc. $PGRE

State of Alaska Department of Revenue lifted its stake in Paramount Group, Inc. (NYSE:PGRE) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 90,268 shares of the financial services provider’s stock after acquiring an additional 1,768 shares during the quarter. State of Alaska Department of Revenue’s holdings in Paramount Group were worth $550,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nuveen LLC acquired a new stake in shares of Paramount Group in the first quarter valued at about $6,096,000. XTX Topco Ltd grew its holdings in Paramount Group by 249.9% during the first quarter. XTX Topco Ltd now owns 162,968 shares of the financial services provider’s stock worth $701,000 after purchasing an additional 116,394 shares during the period. American Century Companies Inc. grew its holdings in Paramount Group by 222.1% during the first quarter. American Century Companies Inc. now owns 49,749 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 34,306 shares during the period. GSA Capital Partners LLP grew its holdings in Paramount Group by 102.8% during the first quarter. GSA Capital Partners LLP now owns 402,937 shares of the financial services provider’s stock worth $1,733,000 after purchasing an additional 204,248 shares during the period. Finally, Long Pond Capital LP grew its holdings in Paramount Group by 16.8% during the first quarter. Long Pond Capital LP now owns 11,737,433 shares of the financial services provider’s stock worth $50,471,000 after purchasing an additional 1,684,098 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Stock Down 0.2%

Shares of PGRE opened at $6.53 on Thursday. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $7.85. The company has a market cap of $1.44 billion, a P/E ratio of -18.14 and a beta of 1.37. 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 firm has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $5.87.

Paramount Group (NYSE:PGRE) last announced its quarterly earnings data on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, beating 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 business had revenue of $177.05 million during 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. Research analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Evercore ISI set a $6.60 price target on Paramount Group and gave the stock an “in-line” rating in a report on Monday, September 22nd. Mizuho lifted their price target on Paramount Group from $5.00 to $6.00 and gave the stock an “outperform” rating in a report on Monday, July 14th. BTIG Research reiterated a “neutral” rating on shares of Paramount Group in a report on Wednesday, September 17th. Wells Fargo & Company upgraded Paramount Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $4.20 to $6.60 in a report on Thursday, September 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Paramount Group in a report on Wednesday. One research analyst has rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Paramount Group currently has a consensus rating of “Reduce” and a consensus price target 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.