Amundi Sells 3,385 Shares of Paramount Group, Inc. (NYSE:PGRE)

Amundi cut its holdings in Paramount Group, Inc. (NYSE:PGRE) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 96,605 shares of the financial services provider’s stock after selling 3,385 shares during the period. Amundi’s holdings in Paramount Group were worth $473,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. boosted its holdings in Paramount Group by 226.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 4,950 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Paramount Group during the 3rd quarter worth $37,000. Greenleaf Trust acquired a new position in Paramount Group during the 4th quarter worth $63,000. Quantinno Capital Management LP acquired a new position in Paramount Group during the 3rd quarter worth $64,000. Finally, US Bancorp DE lifted its position in Paramount Group by 33.9% during the 4th quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock worth $72,000 after acquiring an additional 3,708 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on PGRE. Mizuho cut their target price on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Morgan Stanley cut their target price on shares of Paramount Group from $4.25 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday.

Paramount Group Stock Up 1.6 %

Shares of PGRE opened at $4.22 on Friday. The company has a 50-day simple moving average of $4.53 and a 200-day simple moving average of $4.80. The firm has a market capitalization of $916.88 million, a P/E ratio of -4.30 and a beta of 1.22. 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 $3.96 and a 52 week high of $5.47.

Paramount Group (NYSE:PGRE) last announced its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $186.27 million during the quarter, compared to analyst estimates of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. On average, equities research analysts expect that Paramount Group, Inc. will post 0.78 earnings per share for the current year.

About Paramount Group

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.