Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by Arrowstreet Capital Limited Partnership

Arrowstreet Capital Limited Partnership increased its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 11.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,895,573 shares of the financial services provider’s stock after acquiring an additional 292,392 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Paramount Group were worth $14,304,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PGRE. JPMorgan Chase & Co. lifted its stake in shares of 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 worth $12,388,000 after purchasing an additional 443,777 shares during the period. 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 worth $23,107,000 after buying an additional 345,450 shares during the period. Franklin Resources Inc. acquired a new stake in Paramount Group in the 3rd quarter worth about $643,000. Barclays PLC grew its holdings in Paramount Group by 95.5% in the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider’s stock valued at $2,242,000 after buying an additional 222,656 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Paramount Group by 398.0% during the 3rd 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 acquiring an additional 1,109,485 shares during the last quarter. 65.64% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Paramount Group

In related news, CEO Albert P. Behler purchased 10,000 shares of Paramount Group stock in a transaction that occurred on Friday, March 21st. The shares were purchased at an average cost of $4.15 per share, with a total value of $41,500.00. Following the transaction, the chief executive officer now 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 filing with the SEC, which can be accessed through this link. 13.50% of the stock is owned by insiders.

Paramount Group Stock Performance

NYSE PGRE opened at $3.98 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. Paramount Group, Inc. has a 1-year low of $3.91 and a 1-year high of $5.47. The firm has a market capitalization of $865.76 million, a P/E ratio of -4.06 and a beta of 1.22. The business’s 50-day simple moving average is $4.45 and its 200-day simple moving average is $4.75.

Paramount Group (NYSE:PGRE) last announced its quarterly earnings results 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. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The firm had revenue of $186.27 million for the quarter, compared to analysts’ expectations of $180.41 million. Equities analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analysts Set New Price Targets

PGRE has been the topic of several research analyst reports. Mizuho decreased their target price on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley decreased their price target on shares of Paramount Group from $4.25 to $4.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 18th.

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.