Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 2,895,573 shares of the financial services provider's stock after purchasing an additional 292,392 shares during the quarter. Arrowstreet Capital Limited Partnership owned 1.33% of Paramount Group worth $14,304,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PGRE. Quadrature Capital Ltd boosted 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 valued at $87,000 after buying an additional 2,864 shares during the period. Metis Global Partners LLC lifted its stake in shares of Paramount Group by 16.3% during the 4th 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. boosted its holdings in Paramount Group by 1.3% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 239,200 shares of the financial services provider's stock valued at $1,182,000 after acquiring an additional 3,000 shares during the period. US Bancorp DE boosted its holdings in Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 3,708 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its position in Paramount Group by 226.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider's stock valued at $35,000 after acquiring an additional 4,950 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.

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Analyst Ratings Changes

Several analysts have recently weighed in on the company. Morgan Stanley decreased their target price on Paramount Group from $4.25 to $4.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 18th. Mizuho reduced their price target 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.

Insider Activity

In related news, CEO Albert P. Behler bought 10,000 shares of the company's stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the transaction, the chief executive officer now owns 751,812 shares of the company's stock, valued at $3,120,019.80. The trade was a 1.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 13.50% of the company's stock.

Paramount Group Trading Up 3.8 %

PGRE traded up $0.15 during trading on Wednesday, hitting $4.09. 4,654,664 shares of the stock were exchanged, compared to its average volume of 1,100,137. 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 50 day simple moving average of $4.38 and a 200 day simple moving average of $4.71. The firm has a market cap of $889.69 million, a price-to-earnings ratio of -4.17 and a beta of 1.10. Paramount Group, Inc. has a 1 year low of $3.75 and a 1 year high of $5.47.

Paramount Group (NYSE:PGRE - Get Free Report) last announced 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. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. The firm had revenue of $186.27 million for the quarter, compared to analyst estimates of $180.41 million. As a group, equities analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current year.

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.