Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC increased its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 167.2% in the fourth quarter, Holdings Channel reports. The firm owned 67,773 shares of the financial services provider’s stock after buying an additional 42,410 shares during the period. EntryPoint Capital LLC’s holdings in Paramount Group were worth $335,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quadrature Capital Ltd boosted its stake in Paramount Group by 19.4% during the third quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider’s stock worth $87,000 after buying an additional 2,864 shares during the period. Metis Global Partners LLC lifted its holdings in shares of Paramount Group by 16.3% in the 4th quarter. Metis Global Partners LLC now owns 20,955 shares of the financial services provider’s stock worth $104,000 after acquiring an additional 2,935 shares during the last quarter. US Bancorp DE boosted its position in shares of Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 3,708 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its holdings in Paramount Group by 226.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 4,950 shares during the last quarter. Finally, Xponance Inc. increased its holdings in 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 purchasing an additional 6,554 shares during the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PGRE has been the topic of a number of research reports. Morgan Stanley decreased their price target on 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 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.

Insiders Place Their Bets

In other news, CEO Albert P. Behler purchased 10,000 shares of the firm’s stock in a transaction that occurred 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 completion of the purchase, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 13.50% of the stock is owned by company insiders.

Paramount Group Price Performance

Shares of PGRE opened at $4.27 on Thursday. The company has a market cap of $927.76 million, a P/E ratio of -4.35 and a beta of 1.22. Paramount Group, Inc. has a fifty-two week low of $3.96 and a fifty-two week high of $5.47. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm’s 50 day moving average price is $4.50 and its 200 day moving average price is $4.78.

Paramount Group (NYSE:PGRE) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 EPS 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 the consensus estimate 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, research analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Paramount Group 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.