ExodusPoint Capital Management LP Sells 207,753 Shares of Paramount Group, Inc. (NYSE:PGRE)

ExodusPoint Capital Management LP decreased its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 65.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 111,296 shares of the financial services provider's stock after selling 207,753 shares during the quarter. ExodusPoint Capital Management LP owned 0.05% of Paramount Group worth $550,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PGRE. JPMorgan Chase & Co. grew its holdings in shares of Paramount Group by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider's stock worth $12,388,000 after acquiring an additional 443,777 shares during the last quarter. Geode Capital Management LLC raised its holdings in Paramount Group by 7.9% during the 3rd quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider's stock worth $23,107,000 after buying an additional 345,450 shares during the period. Vanguard Group Inc. lifted its stake in Paramount Group by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock valued at $132,999,000 after buying an additional 477,940 shares in the last quarter. Franklin Resources Inc. acquired a new position in shares of Paramount Group in the third quarter worth about $643,000. Finally, Barclays PLC increased its position in shares of Paramount Group by 95.5% in the third quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock worth $2,242,000 after acquiring an additional 222,656 shares in the last quarter. Institutional investors own 65.64% of the company's stock.

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Paramount Group Stock Down 2.9 %

Shares of PGRE stock traded down $0.13 during trading on Tuesday, hitting $4.12. 2,135,410 shares of the company were exchanged, compared to its average volume of 1,120,010. Paramount Group, Inc. has a twelve month low of $3.75 and a twelve month high of $5.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The firm has a market capitalization of $902.11 million, a price-to-earnings ratio of -4.20 and a beta of 1.10. The business's 50-day simple moving average is $4.34 and its 200 day simple moving average is $4.69.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $186.27 million for the quarter, compared to analysts' expectations of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. As a group, analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on PGRE. Mizuho reduced their price target on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research report on Tuesday, February 25th. Morgan Stanley reaffirmed an "underweight" rating and issued a $3.25 target price on shares of Paramount Group in a research report on Tuesday.

Insider Activity

In other Paramount Group news, CEO Albert P. Behler purchased 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the acquisition, the chief executive officer now owns 751,812 shares of the company's stock, valued at $3,120,019.80. This trade represents a 1.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 13.50% of the stock is owned by corporate insiders.

About Paramount Group

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.