Great Lakes Advisors LLC Purchases Shares of 18,548 Paramount Group, Inc. (NYSE:PGRE)

Great Lakes Advisors LLC purchased a new stake in shares of Paramount Group, Inc. (NYSE:PGRE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 18,548 shares of the financial services provider’s stock, valued at approximately $92,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PGRE. Point72 Asia Singapore Pte. Ltd. boosted its stake in Paramount Group by 226.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 4,950 shares in the last quarter. Point72 DIFC Ltd bought a new position in Paramount Group during the 3rd quarter valued at $37,000. Greenleaf Trust bought a new position in Paramount Group during the 4th quarter valued at $63,000. Quantinno Capital Management LP bought a new position in Paramount Group during the 3rd quarter valued at $64,000. Finally, US Bancorp DE boosted its stake 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 valued at $72,000 after purchasing an additional 3,708 shares in the last quarter. 65.64% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Paramount Group Price Performance

Shares of NYSE:PGRE opened at $4.12 on Tuesday. Paramount Group, Inc. has a one year low of $3.96 and a one year high of $5.47. The stock has a fifty day moving average of $4.57 and a 200-day moving average of $4.82. The company has a market capitalization of $895.13 million, a PE ratio of -4.20 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 (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 company had revenue of $186.27 million during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. As a group, equities analysts anticipate that Paramount Group, Inc. will post 0.78 EPS for the current fiscal 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.