Deutsche Bank AG Grows Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Deutsche Bank AG increased its stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 58.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 960,894 shares of the financial services provider's stock after purchasing an additional 353,803 shares during the quarter. Deutsche Bank AG owned 0.44% of Paramount Group worth $4,747,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Barclays PLC increased its holdings in Paramount Group by 95.5% during the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock valued at $2,242,000 after acquiring an additional 222,656 shares in the last quarter. Franklin Resources Inc. purchased a new position in Paramount Group during the 3rd quarter valued at about $643,000. SG Americas Securities LLC increased its holdings in Paramount Group by 206.3% during the 4th quarter. SG Americas Securities LLC now owns 84,790 shares of the financial services provider's stock valued at $419,000 after acquiring an additional 57,105 shares in the last quarter. Inspire Investing LLC purchased a new position in Paramount Group during the 4th quarter valued at about $76,000. Finally, Swedbank AB increased its holdings in Paramount Group by 23.0% during the 4th quarter. Swedbank AB now owns 175,182 shares of the financial services provider's stock valued at $865,000 after acquiring an additional 32,716 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.

Paramount Group Trading Down 0.5%

Shares of PGRE traded down $0.03 during mid-day trading on Thursday, hitting $5.73. The company had a trading volume of 4,187,190 shares, compared to its average volume of 1,358,333. The business's 50-day simple moving average is $4.39 and its 200-day simple moving average is $4.61. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a 1-year low of $3.75 and a 1-year high of $5.81. The stock has a market cap of $1.26 billion, a PE ratio of -5.85 and a beta of 1.12.

Paramount Group (NYSE:PGRE - Get Free Report) last released its earnings results on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.17. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The business had revenue of $187.02 million for the quarter, compared to analysts' expectations of $180.79 million. Sell-side analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

Insider Buying and Selling at Paramount Group

In other Paramount Group news, CEO Albert P. Behler acquired 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, for a total transaction of $41,500.00. Following the completion of the purchase, the chief executive officer now directly owns 751,812 shares in the company, valued at $3,120,019.80. This represents a 1.35% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 13.80% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PGRE. Mizuho dropped their target price on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th. Morgan Stanley reiterated an "underweight" rating and set a $3.25 price target on shares of Paramount Group in a report on Tuesday, April 15th. Wells Fargo & Company lowered their price target on shares of Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a report on Monday. Evercore ISI upgraded shares of Paramount Group from an "in-line" rating to an "outperform" rating and lifted their price target for the stock from $4.50 to $8.00 in a report on Tuesday. Finally, Wall Street Zen downgraded shares of Paramount Group from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $5.19.

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.