CANADA LIFE ASSURANCE Co Sells 59,457 Shares of Paramount Group, Inc. (NYSE:PGRE)

CANADA LIFE ASSURANCE Co cut its holdings in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 232,108 shares of the financial services provider's stock after selling 59,457 shares during the period. CANADA LIFE ASSURANCE Co owned 0.11% of Paramount Group worth $1,146,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Paramount Group by 1.8% in the 4th quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock valued at $132,999,000 after acquiring an additional 477,940 shares during the last quarter. Long Pond Capital LP increased its stake in shares of Paramount Group by 12.5% in the 4th quarter. Long Pond Capital LP now owns 10,053,335 shares of the financial services provider's stock valued at $49,663,000 after acquiring an additional 1,116,395 shares during the last quarter. Legal & General Group Plc increased 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 worth $24,011,000 after purchasing an additional 135,654 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Paramount Group by 11.2% during 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. Finally, JPMorgan Chase & Co. increased its stake in Paramount Group by 6.4% during the 4th quarter. JPMorgan Chase & Co. now owns 2,678,713 shares of the financial services provider's stock worth $13,233,000 after purchasing an additional 160,884 shares in the last quarter. 65.64% of the stock is owned by institutional investors.

Insider Buying and Selling at Paramount Group

In other Paramount Group news, CEO Albert P. Behler purchased 10,000 shares of the business's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following 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 document filed with the SEC, which is accessible through this link. Insiders own 13.80% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on PGRE shares. Mizuho reduced their price target 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. Morgan Stanley reaffirmed an "underweight" rating and set a $3.25 price target on shares of Paramount Group in a research report on Tuesday, April 15th. Finally, StockNews.com downgraded Paramount Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd.

Paramount Group Stock Performance

NYSE PGRE opened at $4.39 on Tuesday. The company has a market cap of $962.40 million, a PE ratio of -4.48 and a beta of 1.10. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $5.47. The stock has a 50 day moving average of $4.24 and a 200-day moving average of $4.65.

Paramount Group (NYSE:PGRE - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. On average, equities research analysts anticipate that Paramount Group, Inc. will post 0.78 EPS 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.

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