Paramount Group (NYSE:PGRE) Given New $5.00 Price Target at Mizuho

Paramount Group (NYSE:PGRE) had its price target decreased by Mizuho from $6.00 to $5.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Mizuho currently has an outperform rating on the financial services provider’s stock.

Paramount Group Stock Up 0.6 %

PGRE stock opened at $4.53 on Tuesday. Paramount Group has a one year low of $4.21 and a one year high of $5.47. The stock has a market capitalization of $984.27 million, a PE ratio of -4.62 and a beta of 1.22. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The company has a fifty day moving average of $4.75 and a 200-day moving average of $4.88.

Institutional Trading of Paramount Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its stake in shares of Paramount Group by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 5,257 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Paramount Group by 226.0% in the third 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 period. Point72 DIFC Ltd acquired a new stake in shares of Paramount Group in the third quarter valued at about $37,000. Gotham Asset Management LLC acquired a new stake in shares of Paramount Group in the fourth quarter valued at about $52,000. Finally, Commerce Bank acquired a new stake in shares of Paramount Group in the fourth quarter valued at about $54,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

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.