Paramount Group, Inc. (NYSE:PGRE) CEO Albert P. Behler Buys 10,000 Shares of Stock

Paramount Group, Inc. (NYSE:PGRE) CEO Albert P. Behler purchased 10,000 shares of Paramount Group stock in a transaction dated Friday, March 21st. The shares were bought at an average cost 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 approximately $3,120,019.80. The trade was a 1.35 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Paramount Group Stock Down 0.7 %

PGRE stock opened at $4.17 on Wednesday. The stock has a market cap of $907.09 million, a PE ratio of -4.26 and a beta of 1.22. The firm’s 50-day simple moving average is $4.50 and its 200 day simple moving average is $4.79. Paramount Group, Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $5.47. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group (NYSE:PGRE) last posted its 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 analysts’ expectations of $180.41 million. As a group, sell-side analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. Mizuho cut their price objective on Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 25th. Morgan Stanley dropped their price target 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.

Institutional Investors Weigh In On Paramount Group

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Squarepoint Ops LLC increased its stake in Paramount Group by 22.7% during the 4th quarter. Squarepoint Ops LLC now owns 48,089 shares of the financial services provider’s stock valued at $238,000 after buying an additional 8,899 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of Paramount Group by 103.3% in the fourth quarter. Two Sigma Advisers LP now owns 742,100 shares of the financial services provider’s stock valued at $3,666,000 after acquiring an additional 377,100 shares in the last quarter. Two Sigma Investments LP increased its position in shares of Paramount Group by 17.4% during the 4th quarter. Two Sigma Investments LP now owns 1,088,289 shares of the financial services provider’s stock valued at $5,376,000 after purchasing an additional 160,956 shares during the period. Point72 Asia Singapore Pte. Ltd. grew its holdings in Paramount Group by 104.8% during the fourth quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,621 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 7,481 shares during the period. Finally, ProShare Advisors LLC boosted its position in shares of Paramount Group by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 51,962 shares of the financial services provider’s stock valued at $257,000 after purchasing an additional 17,097 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.

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.