Albert P. Behler Acquires 10,000 Shares of Paramount Group, Inc. (NYSE:PGRE) Stock

Paramount Group, Inc. (NYSE:PGRE) CEO Albert P. Behler bought 10,000 shares of the company’s stock in a transaction on Friday, March 21st. The shares were acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the transaction, the chief executive officer now directly owns 751,812 shares of the company’s stock, 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 filing with the SEC, which is available through this hyperlink.

Paramount Group Trading Down 0.7 %

Shares of Paramount Group stock traded down $0.03 on Tuesday, hitting $4.17. 1,383,641 shares of the company traded hands, compared to its average volume of 970,463. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The company has a market cap of $907.09 million, a PE ratio of -4.26 and a beta of 1.22. The stock’s 50 day moving average price is $4.51 and its 200-day moving average price is $4.79. Paramount Group, Inc. has a 52 week low of $3.96 and a 52 week high of $5.47.

Paramount Group (NYSE:PGRE) last issued its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The business had revenue of $186.27 million during the quarter, compared to analysts’ expectations of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. Equities research analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PGRE. Cohen & Steers Inc. bought a new stake in shares of Paramount Group in the 4th quarter valued at about $9,231,000. Solel Partners LP purchased a new position in Paramount Group during the fourth quarter valued at approximately $6,719,000. Long Pond Capital LP raised its stake in Paramount Group by 12.5% in the fourth quarter. Long Pond Capital LP now owns 10,053,335 shares of the financial services provider’s stock worth $49,663,000 after buying an additional 1,116,395 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Paramount Group by 398.0% during the third 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 worth $6,830,000 after buying an additional 1,109,485 shares during the period. Finally, Northern Trust Corp boosted its position in Paramount Group by 40.1% during the 4th quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider’s stock valued at $14,282,000 after acquiring an additional 827,187 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PGRE shares. Morgan Stanley decreased their price target on Paramount Group from $4.25 to $4.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 18th. Mizuho decreased their target price on Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research 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.