Paramount Group (NYSE:PGRE) Reaches New 12-Month Low – What’s Next?

Paramount Group, Inc. (NYSE:PGRE) shares reached a new 52-week low during trading on Monday . The stock traded as low as $3.97 and last traded at $4.00, with a volume of 1746056 shares trading hands. The stock had previously closed at $4.05.

Analysts Set New Price Targets

PGRE has been the topic of several research reports. Mizuho cut their price objective on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 25th. Morgan Stanley cut their price objective on shares of Paramount Group from $4.25 to $4.00 and set an “equal weight” rating on the stock in a research report on Tuesday.

Paramount Group Stock Down 0.9 %

The company has a market capitalization of $886.43 million, a price-to-earnings ratio of -4.16 and a beta of 1.22. The firm’s 50 day moving average price is $4.56 and its two-hundred day moving average price is $4.81. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.02. The company had revenue of $186.27 million for 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%. Sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Quantinno Capital Management LP increased its stake in shares of Paramount Group by 22.0% during the 4th quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 2,845 shares during the last quarter. Quadrature Capital Ltd grew its stake in Paramount Group by 19.4% in the 3rd quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider’s stock valued at $87,000 after buying an additional 2,864 shares during the last quarter. Metis Global Partners LLC grew its stake in Paramount Group by 16.3% in the 4th quarter. Metis Global Partners LLC now owns 20,955 shares of the financial services provider’s stock valued at $104,000 after buying an additional 2,935 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Paramount Group by 1.3% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 239,200 shares of the financial services provider’s stock valued at $1,182,000 after buying an additional 3,000 shares during the last quarter. Finally, Nebula Research & Development LLC grew its stake in Paramount Group by 7.0% in the 4th quarter. Nebula Research & Development LLC now owns 54,852 shares of the financial services provider’s stock valued at $271,000 after buying an additional 3,611 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

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.