Paramount Group (NYSE:PGRE) Hits New 12-Month Low - What's Next?

Paramount Group, Inc. (NYSE:PGRE - Get Free Report) reached a new 52-week low during trading on Monday . The stock traded as low as $4.14 and last traded at $4.20, with a volume of 540281 shares traded. The stock had previously closed at $4.28.

Analyst Ratings Changes

Separately, Mizuho lowered their target price on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $4.63.

Paramount Group Price Performance

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 market cap of $882.08 million, a PE ratio of -4.14 and a beta of 1.22. The stock has a 50 day moving average price of $4.63 and a two-hundred day moving average price of $4.84.

Paramount Group (NYSE:PGRE - Get Free Report) last released its earnings results 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. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The company had revenue of $186.27 million for the quarter, compared to the consensus estimate of $180.41 million. As a group, equities analysts expect that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

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Institutional Trading of Paramount Group

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its holdings in shares of Paramount Group by 21.4% during the third quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider's stock worth $12,388,000 after purchasing an additional 443,777 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Paramount Group by 782.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider's stock worth $1,756,000 after purchasing an additional 316,399 shares during the last quarter. Geode Capital Management LLC lifted its position 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 valued at $23,107,000 after purchasing an additional 345,450 shares during the period. Franklin Resources Inc. purchased a new stake in Paramount Group in the third quarter valued at $643,000. Finally, Barclays PLC grew its position in Paramount Group by 95.5% during the 3rd 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 period. Hedge funds and other institutional investors own 65.64% of the company's stock.

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.