HBK Investments L P Boosts Holdings in Paramount Group, Inc. $PGRE

Key Points

• HBK Investments L P increased its position in Paramount Group, Inc. by 16.5% in Q1, owning 2,791,774 shares valued at $12.01 million at the end of the reporting period.
• Paramount Group reported Q2 earnings with an EPS of $0.17, surpassing expectations, and set FY 2025 guidance of 0.550-0.590 EPS.
• Analysts have mixed ratings for Paramount Group, with a consensus rating of "Hold" and an average price target of $5.36.

HBK Investments L P increased its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 16.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,791,774 shares of the financial services provider's stock after purchasing an additional 395,152 shares during the quarter. HBK Investments L P owned approximately 1.27% of Paramount Group worth $12,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP increased its position in Paramount Group by 22.0% during the 4th quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider's stock worth $78,000 after purchasing an additional 2,845 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Paramount Group by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,005 shares of the financial services provider's stock valued at $519,000 after acquiring an additional 3,673 shares during the period. Manchester Capital Management LLC increased its position in Paramount Group by 99.2% in the 1st quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 4,415 shares during the period. Wolverine Asset Management LLC increased its position in Paramount Group by 86.6% in the 1st quarter. Wolverine Asset Management LLC now owns 12,195 shares of the financial services provider's stock valued at $52,000 after acquiring an additional 5,659 shares during the period. Finally, MetLife Investment Management LLC increased its position in Paramount Group by 7.2% in the 4th quarter. MetLife Investment Management LLC now owns 109,172 shares of the financial services provider's stock valued at $539,000 after acquiring an additional 7,359 shares during the period. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Paramount Group Stock Up 2.0%

Shares of PGRE stock traded up $0.15 on Friday, hitting $7.55. The stock had a trading volume of 1,531,190 shares, compared to its average volume of 2,358,752. The business has a 50 day moving average of $6.55 and a 200 day moving average of $5.46. The stock has a market cap of $1.66 billion, a price-to-earnings ratio of -20.96 and a beta of 1.38. The company has a debt-to-equity ratio of 0.90, a current ratio of 5.91 and a quick ratio of 5.91. Paramount Group, Inc. has a 12-month low of $3.75 and a 12-month high of $7.55.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its earnings results on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, beating the consensus estimate of $0.14 by $0.03. The company had revenue of $177.05 million during the quarter, compared to the consensus estimate of $173.98 million. Paramount Group had a negative net margin of 10.49% and a negative return on equity of 1.92%. Paramount Group has set its FY 2025 guidance at 0.550-0.590 EPS. As a group, analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Mizuho upped their price target on shares of Paramount Group from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Wells Fargo & Company cut their target price on shares of Paramount Group from $4.50 to $4.20 and set an "underweight" rating on the stock in a research note on Wednesday, August 27th. Finally, Evercore ISI raised shares of Paramount Group from an "in-line" rating to an "outperform" rating and increased their target price for the stock from $4.50 to $8.00 in a research note on Tuesday, May 20th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $5.36.

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.