Long Pond Capital LP Buys 1,116,395 Shares of Paramount Group, Inc. (NYSE:PGRE)

Long Pond Capital LP increased its position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,053,335 shares of the financial services provider's stock after acquiring an additional 1,116,395 shares during the period. Paramount Group comprises 2.5% of Long Pond Capital LP's holdings, making the stock its 18th largest holding. Long Pond Capital LP owned approximately 4.62% of Paramount Group worth $49,663,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC boosted its stake in shares of Paramount Group by 42.5% in the 3rd quarter. FMR LLC now owns 22,695 shares of the financial services provider's stock valued at $112,000 after purchasing an additional 6,768 shares in the last quarter. Quantinno Capital Management LP acquired a new position in shares of Paramount Group in the third quarter valued at approximately $64,000. Jane Street Group LLC boosted its position in Paramount Group by 94.8% during the 3rd quarter. Jane Street Group LLC now owns 350,559 shares of the financial services provider's stock worth $1,725,000 after buying an additional 170,639 shares during the period. Public Employees Retirement System of Ohio raised its stake in shares of Paramount Group by 11.0% during the third quarter. Public Employees Retirement System of Ohio now owns 271,692 shares of the financial services provider's stock valued at $1,337,000 after acquiring an additional 26,878 shares during the last quarter. Finally, Barclays PLC grew its stake 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 purchasing an additional 222,656 shares during the last quarter. Institutional investors own 65.64% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PGRE. Morgan Stanley reaffirmed an "underweight" rating and issued a $3.25 price objective on shares of Paramount Group in a research note on Tuesday, April 15th. Mizuho decreased their target price on Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th.

Paramount Group Stock Up 3.7 %

Shares of PGRE traded up $0.16 during trading hours on Tuesday, reaching $4.38. 573,668 shares of the stock traded hands, compared to its average volume of 1,590,638. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The company has a market cap of $959.11 million, a price-to-earnings ratio of -4.46 and a beta of 1.10. Paramount Group, Inc. has a 52 week low of $3.75 and a 52 week high of $5.47. The stock has a fifty day simple moving average of $4.28 and a 200 day simple moving average of $4.67.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $186.27 million during the quarter, compared to analyst estimates of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. On average, equities analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current year.

Insider Activity at Paramount Group

In related news, CEO Albert P. Behler acquired 10,000 shares of Paramount Group stock in a transaction dated Friday, March 21st. The shares were purchased at an average cost of $4.15 per share, with a total value of $41,500.00. Following the completion of the purchase, the chief executive officer now owns 751,812 shares of the company's stock, valued at $3,120,019.80. This represents a 1.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.80% of the stock is currently owned by company insiders.

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.