Paramount Group, Inc. (NYSE:PGRE) CEO Buys $41,500.00 in Stock

Paramount Group, Inc. (NYSE:PGRE) CEO Albert P. Behler bought 10,000 shares of the business’s stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the purchase, the chief executive officer now owns 751,812 shares in the company, valued at approximately $3,120,019.80. This trade represents a 1.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Paramount Group Price Performance

Shares of NYSE:PGRE opened at $4.17 on Wednesday. Paramount Group, Inc. has a twelve month low of $3.96 and a twelve month high of $5.47. The company has a market cap of $907.09 million, a price-to-earnings ratio of -4.26 and a beta of 1.22. The business has a 50 day moving average price of $4.50 and a 200 day moving average price of $4.79. 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 quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The company 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%. Research analysts predict that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

Institutional Trading of Paramount Group

Several institutional investors have recently made changes to their positions in PGRE. JPMorgan Chase & Co. raised its holdings in shares of Paramount Group by 21.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider’s stock worth $12,388,000 after buying an additional 443,777 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Paramount Group by 782.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock valued at $1,756,000 after acquiring an additional 316,399 shares during the period. Geode Capital Management LLC raised its stake 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 acquiring an additional 345,450 shares in the last quarter. Franklin Resources Inc. bought a new position in shares of Paramount Group during the third quarter valued at $643,000. Finally, Barclays PLC boosted its stake in shares of 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 purchasing an additional 222,656 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PGRE has been the topic of several research reports. Morgan Stanley dropped 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 note on Tuesday, March 18th. Mizuho decreased their price objective on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th.

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.