Paramount Group, Inc. (PGRE) Shares Sold by Los Angeles Capital Management & Equity Research Inc.

Los Angeles Capital Management & Equity Research Inc. reduced its position in Paramount Group, Inc. (NYSE:PGRE) by 55.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,505 shares of the financial services provider’s stock after selling 280,100 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Paramount Group were worth $3,560,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of PGRE. Dimensional Fund Advisors LP lifted its holdings in shares of Paramount Group by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,678,913 shares of the financial services provider’s stock worth $42,864,000 after purchasing an additional 205,210 shares during the period. Voya Investment Management LLC raised its position in Paramount Group by 2.4% in the second quarter. Voya Investment Management LLC now owns 55,571 shares of the financial services provider’s stock worth $889,000 after acquiring an additional 1,317 shares in the last quarter. Rhumbline Advisers raised its position in Paramount Group by 4.5% in the second quarter. Rhumbline Advisers now owns 217,655 shares of the financial services provider’s stock worth $3,482,000 after acquiring an additional 9,302 shares in the last quarter. Great West Life Assurance Co. Can raised its position in Paramount Group by 5.6% in the second quarter. Great West Life Assurance Co. Can now owns 108,007 shares of the financial services provider’s stock worth $1,726,000 after acquiring an additional 5,711 shares in the last quarter. Finally, California Public Employees Retirement System raised its position in Paramount Group by 8.0% in the second quarter. California Public Employees Retirement System now owns 378,600 shares of the financial services provider’s stock worth $6,058,000 after acquiring an additional 28,000 shares in the last quarter. 62.39% of the stock is owned by institutional investors and hedge funds.



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Several research analysts have issued reports on the company. Zacks Investment Research upgraded Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Wednesday, November 15th. TheStreet cut Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Four investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.42.

Shares of Paramount Group, Inc. (NYSE PGRE) opened at $16.34 on Wednesday. The company has a market capitalization of $3,867.59, a price-to-earnings ratio of 18.95, a P/E/G ratio of 3.05 and a beta of 0.80. Paramount Group, Inc. has a 52 week low of $15.14 and a 52 week high of $17.58.

Paramount Group (NYSE:PGRE) last posted its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. The business had revenue of $179.80 million for the quarter, compared to analyst estimates of $172.85 million. Paramount Group had a return on equity of 1.76% and a net margin of 12.29%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.20 earnings per share. research analysts predict that Paramount Group, Inc. will post 0.89 earnings per share for the current fiscal year.

Paramount Group Company Profile

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

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Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)

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