Mercer Global Advisors Inc. ADV Buys New Position in Paramount Group, Inc. (NYSE:PGRE)

Mercer Global Advisors Inc. ADV purchased a new position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 107,819 shares of the financial services provider's stock, valued at approximately $533,000.

Several other institutional investors have also modified their holdings of PGRE. Vanguard Group Inc. lifted its position in shares of Paramount Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider's stock valued at $132,999,000 after acquiring an additional 477,940 shares in the last quarter. Long Pond Capital LP lifted its holdings in Paramount Group by 12.5% in the 4th quarter. Long Pond Capital LP now owns 10,053,335 shares of the financial services provider's stock valued at $49,663,000 after purchasing an additional 1,116,395 shares in the last quarter. Legal & General Group Plc boosted its stake in shares of Paramount Group by 2.9% during the 4th quarter. Legal & General Group Plc now owns 4,860,475 shares of the financial services provider's stock worth $24,011,000 after purchasing an additional 135,654 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Paramount Group by 11.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,895,573 shares of the financial services provider's stock worth $14,304,000 after purchasing an additional 292,392 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Paramount Group by 40.1% during the fourth quarter. Northern Trust Corp now owns 2,891,068 shares of the financial services provider's stock worth $14,282,000 after buying an additional 827,187 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.

Insider Transactions at Paramount Group

In other Paramount Group news, CEO Albert P. Behler bought 10,000 shares of the business's stock in a transaction dated Friday, March 21st. The shares were acquired at an average price of $4.15 per share, with a total value of $41,500.00. Following the purchase, the chief executive officer now owns 751,812 shares in the company, valued at approximately $3,120,019.80. The trade was a 1.35% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 13.80% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. StockNews.com lowered shares of Paramount Group from a "hold" rating to a "sell" rating in a research report on Wednesday, April 23rd. Mizuho decreased their price objective on Paramount Group from $6.00 to $5.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Finally, Morgan Stanley reaffirmed an "underweight" rating and issued a $3.25 price objective on shares of Paramount Group in a research report on Tuesday, April 15th.

Paramount Group Trading Up 1.2%

PGRE stock traded up $0.06 on Friday, hitting $4.79. 949,673 shares of the company were exchanged, compared to its average volume of 1,247,026. 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 stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of -4.88 and a beta of 1.12. Paramount Group, Inc. has a twelve month low of $3.75 and a twelve month high of $5.47. The business's fifty day moving average is $4.28 and its two-hundred day moving average is $4.60.

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 for the quarter, hitting the consensus estimate 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 for the quarter, compared to analyst estimates of $180.79 million. As a group, research analysts forecast that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

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.