US Bancorp DE Has $72,000 Stock Position in Paramount Group, Inc. (NYSE:PGRE)

US Bancorp DE increased its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 33.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,656 shares of the financial services provider’s stock after purchasing an additional 3,708 shares during the quarter. US Bancorp DE’s holdings in Paramount Group were worth $72,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of PGRE. Aigen Investment Management LP bought a new position in Paramount Group in the 3rd quarter valued at $149,000. Metis Global Partners LLC boosted its stake in shares of Paramount Group by 38.8% in the 3rd quarter. Metis Global Partners LLC now owns 18,020 shares of the financial services provider’s stock valued at $89,000 after purchasing an additional 5,039 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Paramount Group by 782.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock worth $1,756,000 after buying an additional 316,399 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Paramount Group during the 3rd quarter worth approximately $175,000. Finally, Algert Global LLC lifted its holdings in Paramount Group by 2.3% in the third quarter. Algert Global LLC now owns 327,690 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 7,437 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Analyst Ratings Changes

Separately, Mizuho reduced their price target on Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $4.63.

Paramount Group Stock Up 3.1 %

Shares of NYSE PGRE opened at $4.12 on Tuesday. Paramount Group, Inc. has a 52-week low of $3.96 and a 52-week high of $5.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The stock has a market cap of $895.13 million, a P/E ratio of -4.20 and a beta of 1.22. The firm has a 50 day moving average price of $4.57 and a 200 day moving average price of $4.82.

Paramount Group (NYSE:PGRE) last announced its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The company had revenue of $186.27 million for the quarter, compared to analysts’ expectations of $180.41 million. Analysts expect that Paramount Group, Inc. will post 0.78 EPS 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.