Two Sigma Investments LP Purchases 160,956 Shares of Paramount Group, Inc. (NYSE:PGRE)

Two Sigma Investments LP boosted its position in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 17.4% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,088,289 shares of the financial services provider's stock after acquiring an additional 160,956 shares during the period. Two Sigma Investments LP owned 0.50% of Paramount Group worth $5,376,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sterling Capital Management LLC lifted its holdings in Paramount Group by 806.3% during the 4th quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock worth $29,000 after purchasing an additional 5,257 shares in the last quarter. Gotham Asset Management LLC purchased a new stake in shares of Paramount Group in the fourth quarter worth about $52,000. Commerce Bank bought a new position in shares of Paramount Group in the fourth quarter valued at approximately $54,000. Greenleaf Trust purchased a new position in Paramount Group during the fourth quarter valued at approximately $63,000. Finally, US Bancorp DE increased its holdings in Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider's stock worth $72,000 after acquiring an additional 3,708 shares during the period. 65.64% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

PGRE has been the subject of several analyst reports. Wall Street Zen downgraded shares of Paramount Group from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. Evercore ISI upgraded shares of Paramount Group from an "in-line" rating to an "outperform" rating and raised their target price for the stock from $4.50 to $8.00 in a report on Tuesday, May 20th. Morgan Stanley restated an "underweight" rating and set a $3.25 price target on shares of Paramount Group in a report on Tuesday, April 15th. 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 research report on Tuesday, February 25th. Finally, Wells Fargo & Company dropped their price target on Paramount Group from $5.00 to $4.50 and set an "underweight" rating on the stock in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a sell rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $5.19.

Paramount Group Stock Down 0.7%

NYSE:PGRE traded down $0.05 on Friday, reaching $6.05. 956,154 shares of the stock traded hands, compared to its average volume of 1,391,197. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -6.17 and a beta of 1.12. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $6.34. The company's fifty day simple moving average is $4.57 and its 200 day simple moving average is $4.64.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share for the quarter, hitting analysts' consensus estimates of $0.17. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The company had revenue of $187.02 million during the quarter, compared to analyst estimates of $180.79 million. Equities analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Insider Activity

In related news, CEO Albert P. Behler acquired 10,000 shares of the stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the completion of the transaction, the chief executive officer now directly owns 751,812 shares in the company, valued at approximately $3,120,019.80. This trade represents a 1.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 13.80% 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.