22,187 Shares in Paramount Group, Inc. (NYSE:PGRE) Bought by Quantbot Technologies LP

Quantbot Technologies LP bought a new stake in shares of Paramount Group, Inc. (NYSE:PGRE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 22,187 shares of the financial services provider’s stock, valued at approximately $110,000.

A number of other hedge funds and other institutional investors have also modified their holdings of PGRE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Paramount Group by 84.1% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,664 shares of the financial services provider’s stock valued at $295,000 after buying an additional 27,256 shares in the last quarter. Xponance Inc. lifted its position in shares of Paramount Group by 54.8% in the 4th quarter. Xponance Inc. now owns 18,519 shares of the financial services provider’s stock valued at $91,000 after acquiring an additional 6,554 shares in the last quarter. Cibc World Markets Corp acquired a new position in Paramount Group in the 4th quarter worth approximately $85,000. Connor Clark & Lunn Investment Management Ltd. grew its position in Paramount Group by 78.6% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 637,384 shares of the financial services provider’s stock worth $3,149,000 after purchasing an additional 280,559 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Paramount Group during the 4th quarter valued at $92,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

Insider Activity at Paramount Group

In other news, CEO Albert P. Behler acquired 10,000 shares of Paramount Group stock in a transaction on Friday, March 21st. The stock was bought at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the transaction, the chief executive officer now owns 751,812 shares of the company’s stock, valued at $3,120,019.80. The trade was a 1.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 13.50% of the company’s stock.

Paramount Group Price Performance

NYSE PGRE opened at $4.31 on Tuesday. Paramount Group, Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $5.47. The stock’s 50-day moving average is $4.48 and its two-hundred day moving average is $4.77. The firm has a market cap of $936.46 million, a P/E ratio of -4.39 and a beta of 1.22. 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 (NYSE:PGRE) last posted its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $186.27 million for the quarter, compared to analyst estimates of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. On average, analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Mizuho lowered their target price 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 lowered their price objective on shares of 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.

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.