Universal Beteiligungs und Servicegesellschaft mbH Buys 493,207 Shares of Paramount Group, Inc. $PGRE

Universal Beteiligungs und Servicegesellschaft mbH grew its position in Paramount Group, Inc. (NYSE:PGRE) by 34.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,926,588 shares of the financial services provider’s stock after purchasing an additional 493,207 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Paramount Group were worth $11,752,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Creative Planning lifted its holdings in Paramount Group by 139.7% during the 2nd quarter. Creative Planning now owns 65,991 shares of the financial services provider’s stock valued at $403,000 after purchasing an additional 38,461 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Paramount Group by 2.2% in the second quarter. Geode Capital Management LLC now owns 4,752,560 shares of the financial services provider’s stock valued at $28,994,000 after acquiring an additional 103,003 shares during the last quarter. Quinn Opportunity Partners LLC boosted its holdings in shares of Paramount Group by 130.3% in the 2nd quarter. Quinn Opportunity Partners LLC now owns 194,400 shares of the financial services provider’s stock worth $1,186,000 after acquiring an additional 110,000 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Paramount Group by 10.3% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 134,423 shares of the financial services provider’s stock worth $820,000 after acquiring an additional 12,581 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new stake in Paramount Group during the 2nd quarter valued at $219,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Price Performance

Shares of PGRE stock opened at $6.57 on Thursday. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -14.59 and a beta of 1.32. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $7.85. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.91. The stock has a 50-day moving average price of $6.59 and a 200 day moving average price of $6.38.

Paramount Group (NYSE:PGRE) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. Paramount Group had a negative net margin of 13.47% and a negative return on equity of 2.39%. The company had revenue of $172.96 million for the quarter, compared to analyst estimates of $167.65 million. Research analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analyst Ratings Changes

A number of research firms have commented on PGRE. BTIG Research reissued a “neutral” rating on shares of Paramount Group in a research note on Wednesday, September 17th. Morgan Stanley set a $6.60 price target on shares of Paramount Group and gave the stock an “equal weight” rating in a research report on Wednesday, October 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Paramount Group in a report on Thursday, November 13th. Wells Fargo & Company raised shares of Paramount Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $4.20 to $6.60 in a research note on Thursday, September 18th. Finally, Evercore ISI set a $6.60 target price on shares of Paramount Group and gave the stock an “in-line” rating in a research report on Monday, September 22nd. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus 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.