UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stake in Paramount Group, Inc. (NYSE:PGRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its position in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,308,113 shares of the financial services provider's stock after selling 80,144 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.60% of Paramount Group worth $6,462,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in shares of Paramount Group by 95.5% in the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider's stock worth $2,242,000 after acquiring an additional 222,656 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Paramount Group by 206.3% in the 4th quarter. SG Americas Securities LLC now owns 84,790 shares of the financial services provider's stock worth $419,000 after acquiring an additional 57,105 shares during the last quarter. Swedbank AB increased its stake in shares of Paramount Group by 23.0% in the 4th quarter. Swedbank AB now owns 175,182 shares of the financial services provider's stock worth $865,000 after acquiring an additional 32,716 shares during the last quarter. Greenleaf Trust acquired a new stake in shares of Paramount Group in the 4th quarter worth $63,000. Finally, abrdn plc increased its stake in shares of Paramount Group by 30.6% in the 4th quarter. abrdn plc now owns 48,106 shares of the financial services provider's stock worth $232,000 after acquiring an additional 11,276 shares during the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Paramount Group

In other news, CEO Albert P. Behler bought 10,000 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer now directly owns 751,812 shares of the company's stock, valued at $3,120,019.80. The trade was a 1.35% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. 13.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

PGRE has been the subject of a number of recent research reports. Wall Street Zen downgraded Paramount Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. Mizuho cut their target price on Paramount Group from $6.00 to $5.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. Wells Fargo & Company cut their target price on Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Monday, May 19th. Evercore ISI raised 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 research note on Tuesday, May 20th. Finally, 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. Three research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $5.19.

Paramount Group Trading Up 2.0%

Shares of NYSE PGRE traded up $0.13 during mid-day trading on Thursday, reaching $6.33. 1,355,614 shares of the company's stock were exchanged, compared to its average volume of 1,409,325. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of -6.45 and a beta of 1.12. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. Paramount Group, Inc. has a 52-week low of $3.75 and a 52-week high of $6.36. The company's 50-day moving average is $4.80 and its 200-day moving average is $4.69.

Paramount Group (NYSE:PGRE - Get Free Report) last released its quarterly earnings results 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 return on equity of 5.26% and a negative net margin of 27.92%. The business had revenue of $187.02 million during the quarter, compared to analysts' expectations of $180.79 million. Analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current fiscal 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.