Paramount Group, Inc. (NYSE:PGRE) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 102.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 402,937 shares of the financial services provider's stock after buying an additional 204,248 shares during the period. GSA Capital Partners LLP owned approximately 0.18% of Paramount Group worth $1,733,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PGRE. Cohen & Steers Inc. purchased a new stake in Paramount Group in the fourth quarter worth $9,231,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Paramount Group in the first quarter worth $6,164,000. Solel Partners LP purchased a new stake in Paramount Group in the fourth quarter worth $6,719,000. Long Pond Capital LP increased its stake in Paramount Group by 12.5% in 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 purchasing an additional 1,116,395 shares during the period. Finally, Northern Trust Corp increased its stake in Paramount Group by 40.1% in the fourth quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider's stock worth $14,282,000 after purchasing an additional 827,187 shares during the period. Hedge funds and other institutional investors own 65.64% of the company's stock.

Paramount Group Stock Down 0.8%

PGRE stock traded down $0.05 during trading on Friday, reaching $6.07. 2,378,789 shares of the company traded hands, compared to its average volume of 2,224,946. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $6.89. The business has a 50 day simple moving average of $6.29 and a 200 day simple moving average of $5.10. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of -16.86 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 5.56 and a current ratio of 5.56.

Paramount Group (NYSE:PGRE - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $177.05 million during the quarter, compared to the consensus estimate of $173.98 million. Paramount Group had a negative return on equity of 1.93% and a negative net margin of 10.49%. On average, equities research analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

PGRE has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an "underweight" rating and issued a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th. 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. Wall Street Zen downgraded Paramount Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Mizuho increased their price target on Paramount Group from $5.00 to $6.00 and gave the stock an "outperform" rating in a research report on Monday, July 14th. Finally, Evercore ISI raised Paramount Group from an "in-line" rating to an "outperform" rating and increased their price target for the stock from $4.50 to $8.00 in a research report on Tuesday, May 20th. Three investment analysts have rated the stock with a sell rating and two have assigned a buy rating to the stock. According to MarketBeat, Paramount Group has a consensus rating of "Hold" and a consensus target price of $5.44.

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.