35,867 Shares in Paramount Group, Inc. $PGRE Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. bought a new position in shares of Paramount Group, Inc. (NYSE:PGRE) during the second quarter, HoldingsChannel.com reports. The firm bought 35,867 shares of the financial services provider’s stock, valued at approximately $219,000.

Other large investors also recently bought and sold shares of the company. Long Pond Capital LP increased its position in shares of Paramount Group by 16.8% in the first quarter. Long Pond Capital LP now owns 11,737,433 shares of the financial services provider’s stock valued at $50,471,000 after buying an additional 1,684,098 shares in the last quarter. HBK Investments L P grew its stake in Paramount Group by 16.5% in the 1st quarter. HBK Investments L P now owns 2,791,774 shares of the financial services provider’s stock valued at $12,005,000 after acquiring an additional 395,152 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Paramount Group during the 1st quarter valued at about $6,164,000. Nuveen LLC purchased a new position in Paramount Group during the 1st quarter valued at about $6,096,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in Paramount Group by 5.0% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 669,362 shares of the financial services provider’s stock worth $2,878,000 after acquiring an additional 31,978 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Trading Down 0.1%

Shares of PGRE opened at $6.56 on Friday. The stock has a fifty day moving average of $6.66 and a two-hundred day moving average of $6.31. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.91 and a current ratio of 4.91. The company has a market capitalization of $1.45 billion, a PE ratio of -14.57 and a beta of 1.32. Paramount Group, Inc. has a fifty-two week low of $3.75 and a fifty-two week high of $7.85.

Paramount Group (NYSE:PGRE) last posted its quarterly earnings data on Wednesday, October 29th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The business had revenue of $172.96 million for the quarter, compared to analysts’ expectations of $167.65 million. Paramount Group had a negative return on equity of 2.39% and a negative net margin of 13.47%. As a group, analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current year.

Wall Street Analyst Weigh In

PGRE has been the topic of several research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Paramount Group in a research report on Wednesday, October 8th. Evercore ISI set a $6.60 target price on Paramount Group and gave the company an “in-line” rating in a research note on Monday, September 22nd. BTIG Research reissued a “neutral” rating on shares of Paramount Group in a research report on Wednesday, September 17th. Wells Fargo & Company raised Paramount Group from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $4.20 to $6.60 in a report on Thursday, September 18th. Finally, Morgan Stanley set a $6.60 price objective on Paramount Group and gave the company an “equal weight” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.45.

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.