Two Sigma Advisers LP Increases Holdings in Paramount Group, Inc. (NYSE:PGRE)

Two Sigma Advisers LP lifted its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 103.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 742,100 shares of the financial services provider's stock after buying an additional 377,100 shares during the quarter. Two Sigma Advisers LP owned approximately 0.34% of Paramount Group worth $3,666,000 as of its most recent filing with the SEC.

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

Insider Transactions at Paramount Group

In other Paramount Group news, CEO Albert P. Behler acquired 10,000 shares of the company's stock in a transaction on Friday, March 21st. The stock was acquired at an average price of $4.15 per share, for a total transaction of $41,500.00. Following the acquisition, the chief executive officer now owns 751,812 shares in the company, valued at $3,120,019.80. This represents a 1.35% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 13.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Evercore ISI raised shares of Paramount Group from an "in-line" rating to an "outperform" rating and boosted their target price for the company from $4.50 to $8.00 in a research note on Tuesday, May 20th. Morgan Stanley restated an "underweight" rating and issued a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th. Mizuho reduced their target price on shares of Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 25th. Wells Fargo & Company dropped their target price on shares of Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a research report on Monday, May 19th. Finally, Wall Street Zen lowered Paramount Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Three research analysts have rated the stock with a sell rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, Paramount Group has an average rating of "Hold" and a consensus price target of $5.19.

Paramount Group Trading Down 0.3%

Shares of NYSE:PGRE traded down $0.02 during mid-day trading on Friday, hitting $6.07. The company had a trading volume of 3,541,561 shares, compared to its average volume of 1,393,533. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $6.34. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. The company has a market capitalization of $1.33 billion, a PE ratio of -6.19 and a beta of 1.12. The firm has a fifty day moving average price of $4.64 and a 200 day moving average price of $4.65.

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

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.