Paramount Group, Inc. (NYSE:PGRE) Shares Sold by LSV Asset Management

LSV Asset Management decreased its position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 47.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 594,400 shares of the financial services provider's stock after selling 533,900 shares during the period. LSV Asset Management owned about 0.27% of Paramount Group worth $3,073,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Ieq Capital LLC purchased a new position in Paramount Group during the third quarter valued at $48,000. Wolverine Asset Management LLC purchased a new position in Paramount Group during the 3rd quarter valued at about $52,000. Paces Ferry Wealth Advisors LLC bought a new stake in Paramount Group during the third quarter worth about $54,000. Ballentine Partners LLC purchased a new stake in Paramount Group in the fourth quarter worth about $111,000. Finally, Van ECK Associates Corp increased its stake in shares of Paramount Group by 19.4% during the third quarter. Van ECK Associates Corp now owns 24,793 shares of the financial services provider's stock valued at $114,000 after purchasing an additional 4,026 shares in the last quarter. Institutional investors own 65.64% of the company's stock.

Paramount Group Stock Performance

Shares of PGRE traded up $0.04 during trading hours on Thursday, hitting $4.83. The stock had a trading volume of 1,035,076 shares, compared to its average volume of 1,242,895. The firm has a market capitalization of $1.05 billion, a PE ratio of -4.13, a PEG ratio of 0.24 and a beta of 1.20. The company has a debt-to-equity ratio of 0.90, a current ratio of 4.03 and a quick ratio of 4.03. Paramount Group, Inc. has a 12 month low of $4.06 and a 12 month high of $5.92. The stock has a fifty day moving average price of $4.63 and a 200 day moving average price of $4.75.

Paramount Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a dividend yield of 2.90%. The ex-dividend date was Wednesday, March 27th. Paramount Group's payout ratio is currently -12.07%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Morgan Stanley dropped their price target on Paramount Group from $4.70 to $4.50 and set an "equal weight" rating on the stock in a research report on Thursday, March 28th. StockNews.com raised Paramount Group from a "sell" rating to a "hold" rating in a report on Friday, May 3rd. Finally, Evercore ISI upgraded Paramount Group from an "underperform" rating to an "in-line" rating and set a $5.00 price target for the company in a report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $4.60.

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.