Paramount Group, Inc. (NYSE:PGRE) CEO Purchases $41,500.00 in Stock

Paramount Group, Inc. (NYSE:PGRE - Get Free Report) CEO Albert P. Behler acquired 10,000 shares of Paramount Group stock in a transaction on Friday, March 21st. The shares were bought at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the transaction, the chief executive officer now owns 751,812 shares in the company, valued at approximately $3,120,019.80. This trade represents a 1.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Paramount Group Stock Down 0.4 %

Shares of NYSE:PGRE traded down $0.02 during midday trading on Friday, reaching $4.25. The company's stock had a trading volume of 2,034,127 shares, compared to its average volume of 1,015,952. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm has a 50 day moving average of $4.48 and a 200-day moving average of $4.77. The firm has a market capitalization of $923.41 million, a P/E ratio of -4.33 and a beta of 1.22. Paramount Group, Inc. has a 12-month low of $3.96 and a 12-month high of $5.47.

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 for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The business had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. On average, research analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

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Institutional Investors Weigh In On Paramount Group

A number of large investors have recently added to or reduced their stakes in PGRE. Squarepoint Ops LLC increased its stake in shares of Paramount Group by 22.7% in the 4th quarter. Squarepoint Ops LLC now owns 48,089 shares of the financial services provider's stock worth $238,000 after purchasing an additional 8,899 shares in the last quarter. Two Sigma Advisers LP raised its stake in Paramount Group by 103.3% during the 4th quarter. Two Sigma Advisers LP now owns 742,100 shares of the financial services provider's stock worth $3,666,000 after acquiring an additional 377,100 shares during the period. Two Sigma Investments LP raised its stake in Paramount Group by 17.4% during the 4th quarter. Two Sigma Investments LP now owns 1,088,289 shares of the financial services provider's stock worth $5,376,000 after acquiring an additional 160,956 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in Paramount Group by 104.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,621 shares of the financial services provider's stock valued at $72,000 after purchasing an additional 7,481 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Paramount Group by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 51,962 shares of the financial services provider's stock worth $257,000 after purchasing an additional 17,097 shares during the period. Institutional investors own 65.64% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on PGRE shares. Mizuho cut their target price 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. Morgan Stanley reduced their target price on Paramount Group from $4.25 to $4.00 and set an "equal weight" rating on the stock in a report on Tuesday, March 18th.

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.