Paramount Group, Inc. (NYSE:PGRE - Get Free Report)'s share price hit a new 52-week low on Friday . The company traded as low as $3.91 and last traded at $4.01, with a volume of 122640 shares. The stock had previously closed at $4.12.
Analyst Ratings Changes
PGRE has been the topic of several research reports. Morgan Stanley cut their price objective on Paramount Group from $4.25 to $4.00 and set an "equal weight" rating on the stock in a research report on Tuesday, March 18th. Mizuho reduced their price target on Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th.
Read Our Latest Analysis on PGRE
Paramount Group Stock Up 5.6 %
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 price of $4.41 and a two-hundred day moving average price of $4.72. The company has a market capitalization of $905.13 million, a price-to-earnings ratio of -4.25 and a beta of 1.10.
Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share 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 during the quarter, compared to analyst estimates of $180.41 million. As a group, sell-side analysts expect that Paramount Group, Inc. will post 0.78 earnings per share 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 that occurred on Friday, March 21st. The stock was acquired at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the transaction, the chief executive officer now directly owns 751,812 shares of the company's stock, valued at $3,120,019.80. This trade represents a 1.35 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 13.50% of the company's stock.
Institutional Trading of Paramount Group
A number of hedge funds and other institutional investors have recently made changes to their positions in PGRE. JPMorgan Chase & Co. boosted its stake in Paramount Group by 21.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider's stock valued at $12,388,000 after purchasing an additional 443,777 shares in the last quarter. Geode Capital Management LLC grew its holdings in Paramount Group by 7.9% during the third quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider's stock worth $23,107,000 after acquiring an additional 345,450 shares during the period. Franklin Resources Inc. bought a new stake in Paramount Group in the third quarter worth about $643,000. Barclays PLC lifted its stake in Paramount Group by 95.5% during the third quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock valued at $2,242,000 after purchasing an additional 222,656 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Paramount Group by 398.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider's stock valued at $6,830,000 after purchasing an additional 1,109,485 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors.
About Paramount Group
(
Get Free Report)
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.
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