Shares of Paramount Group, Inc. (NYSE:PGRE - Get Free Report) saw strong trading volume on Thursday . 1,181,420 shares traded hands during mid-day trading, an increase of 19% from the previous session's volume of 994,978 shares.The stock last traded at $4.92 and had previously closed at $4.55.
Paramount Group Trading Down 2.6 %
The firm has a fifty day moving average of $4.79 and a 200-day moving average of $4.92. The firm has a market cap of $1.04 billion, a P/E ratio of -4.86 and a beta of 1.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. lifted its position in Paramount Group by 226.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider's stock worth $35,000 after buying an additional 4,950 shares in the last quarter. Point72 DIFC Ltd bought a new position in Paramount Group in the third quarter valued at $37,000. Greenleaf Trust acquired a new position in shares of Paramount Group during the 4th quarter worth approximately $63,000. Quantinno Capital Management LP acquired a new stake in Paramount Group in the 3rd quarter valued at about $64,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Paramount Group in the third quarter valued at $67,000. 65.64% of the stock is owned by institutional investors and hedge funds.
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.
See Also
Before you consider Paramount Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Paramount Group wasn't on the list.
While Paramount Group currently has a "Reduce" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
