Insider Buying: Paramount Group, Inc. (NYSE:PGRE) CEO Purchases 10,000 Shares of Stock

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

Paramount Group Trading Up 2.0 %

Shares of NYSE:PGRE opened at $4.27 on Thursday. The business’s 50 day moving average price is $4.50 and its 200-day moving average price is $4.78. Paramount Group, Inc. has a 1 year low of $3.96 and a 1 year high of $5.47. The firm has a market capitalization of $927.76 million, a price-to-earnings ratio of -4.35 and a beta of 1.22. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45.

Paramount Group (NYSE:PGRE) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $186.27 million for 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, equities research analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on PGRE shares. Morgan Stanley cut their target price on shares of Paramount Group from $4.25 to $4.00 and set an “equal weight” rating for the company in a report 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 research report on Tuesday, February 25th.

Institutional Investors Weigh In On Paramount Group

Several institutional investors have recently bought and sold shares of PGRE. Vanguard Group Inc. grew its holdings in shares of Paramount Group by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider’s stock worth $132,999,000 after buying an additional 477,940 shares in the last quarter. Long Pond Capital LP boosted its position in Paramount Group by 12.5% during 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 acquiring an additional 1,116,395 shares during the last quarter. Legal & General Group Plc grew its stake in Paramount Group by 2.9% during the 4th quarter. Legal & General Group Plc now owns 4,860,475 shares of the financial services provider’s stock valued at $24,011,000 after acquiring an additional 135,654 shares in the last quarter. Geode Capital Management LLC raised its holdings in Paramount Group by 7.9% in the 3rd quarter. Geode Capital Management LLC now owns 4,695,561 shares of the financial services provider’s stock valued at $23,107,000 after acquiring an additional 345,450 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Paramount Group by 11.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,895,573 shares of the financial services provider’s stock worth $14,304,000 after purchasing an additional 292,392 shares in the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

About Paramount Group

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.