Paramount Group (NYSE:PGRE) Hits New 12-Month Low - Should You Sell?

Paramount Group, Inc. (NYSE:PGRE - Get Free Report) reached a new 52-week low on Monday . The company traded as low as $3.97 and last traded at $4.00, with a volume of 1746056 shares. The stock had previously closed at $4.05.

Analyst Ratings Changes

A number of research analysts have recently commented on PGRE shares. Mizuho dropped their price target on Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Morgan Stanley lowered their target price on Paramount Group from $4.25 to $4.00 and set an "equal weight" rating for the company in a report on Tuesday.

Paramount Group Stock Down 1.5 %

The stock's fifty day simple moving average is $4.53 and its two-hundred day simple moving average is $4.80. The stock has a market capitalization of $901.65 million, a P/E ratio of -4.23 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.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. As a group, research analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

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Hedge Funds Weigh In On Paramount Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC raised its holdings in Paramount Group by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock worth $29,000 after purchasing an additional 5,257 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Paramount Group by 226.0% during the third 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 during the period. Point72 DIFC Ltd acquired a new stake in shares of Paramount Group during the third quarter worth $37,000. Gotham Asset Management LLC bought a new position in Paramount Group during the fourth quarter worth $52,000. Finally, Commerce Bank acquired a new position in Paramount Group in the fourth quarter valued at $54,000. 65.64% of the stock is owned by institutional investors and hedge funds.

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.