Morgan Stanley Has Lowered Expectations for Paramount Group (NYSE:PGRE) Stock Price

Paramount Group (NYSE:PGRE - Free Report) had its price objective trimmed by Morgan Stanley from $4.25 to $4.00 in a research report report published on Tuesday, Marketbeat.com reports. They currently have an equal weight rating on the financial services provider's stock.

Separately, Mizuho decreased their price objective on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 25th.

Paramount Group Price Performance

NYSE PGRE traded down $0.07 on Tuesday, reaching $4.15. The company's stock had a trading volume of 2,089,853 shares, compared to its average volume of 971,104. The firm has a market cap of $901.65 million, a PE ratio of -4.23 and a beta of 1.22. The business has a 50-day moving average price of $4.52 and a 200 day moving average price of $4.80. Paramount Group has a 52 week low of $3.96 and a 52 week high of $5.47. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group (NYSE:PGRE - Get Free Report) last issued its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm 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%. Sell-side analysts expect that Paramount Group will post 0.78 EPS for the current year.

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Institutional Investors Weigh In On Paramount Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP raised its position in shares of Paramount Group by 22.0% during the fourth quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider's stock worth $78,000 after acquiring an additional 2,845 shares during the last quarter. Quadrature Capital Ltd raised its position in shares of Paramount Group by 19.4% during the third quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider's stock worth $87,000 after acquiring an additional 2,864 shares during the last quarter. Metis Global Partners LLC raised its position in shares of Paramount Group by 16.3% during the fourth quarter. Metis Global Partners LLC now owns 20,955 shares of the financial services provider's stock worth $104,000 after acquiring an additional 2,935 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Paramount Group by 1.3% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 239,200 shares of the financial services provider's stock worth $1,182,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Nebula Research & Development LLC raised its position in shares of Paramount Group by 7.0% during the fourth quarter. Nebula Research & Development LLC now owns 54,852 shares of the financial services provider's stock worth $271,000 after acquiring an additional 3,611 shares during the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.

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.