Mizuho Lowers Paramount Group (NYSE:PGRE) Price Target to $5.00

Paramount Group (NYSE:PGRE) had its target price decreased by equities research analysts at Mizuho from $6.00 to $5.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the financial services provider’s stock. Mizuho’s price objective points to a potential upside of 9.17% from the company’s current price.

Paramount Group Trading Up 1.3 %

Paramount Group stock opened at $4.58 on Tuesday. The business has a 50 day moving average price of $4.74 and a two-hundred day moving average price of $4.88. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a market cap of $996.24 million, a price-to-earnings ratio of -4.67 and a beta of 1.22. Paramount Group has a 12 month low of $4.21 and a 12 month high of $5.47.

Hedge Funds Weigh In On Paramount Group

A number of hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC raised its holdings in shares of Paramount Group by 22.7% in the 4th quarter. Squarepoint Ops LLC now owns 48,089 shares of the financial services provider’s stock worth $238,000 after buying an additional 8,899 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Paramount Group by 103.3% in the 4th quarter. Two Sigma Advisers LP now owns 742,100 shares of the financial services provider’s stock worth $3,666,000 after buying an additional 377,100 shares in the last quarter. Two Sigma Investments LP grew its position in Paramount Group by 17.4% during the 4th quarter. Two Sigma Investments LP now owns 1,088,289 shares of the financial services provider’s stock worth $5,376,000 after acquiring an additional 160,956 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. grew its position in Paramount Group by 104.8% during the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 14,621 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 7,481 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Paramount Group by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 51,962 shares of the financial services provider’s stock worth $257,000 after acquiring an additional 17,097 shares during the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.

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.