Boothbay Fund Management LLC grew its holdings in shares of Paramount Group Inc (NYSE:PGRE) by 33.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,440 shares of the financial services provider’s stock after buying an additional 8,472 shares during the period. Boothbay Fund Management LLC’s holdings in Paramount Group were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Asset Management One Co. Ltd. increased its stake in shares of Paramount Group by 28,976.5% during the third quarter. Asset Management One Co. Ltd. now owns 431,204 shares of the financial services provider’s stock valued at $6,868,000 after acquiring an additional 429,721 shares during the period. AMP Capital Investors Ltd increased its stake in shares of Paramount Group by 4.3% during the third quarter. AMP Capital Investors Ltd now owns 80,019 shares of the financial services provider’s stock valued at $1,280,000 after acquiring an additional 3,300 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Paramount Group by 964.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 119,370 shares of the financial services provider’s stock valued at $1,910,000 after acquiring an additional 108,161 shares during the period. Long Pond Capital LP increased its stake in shares of Paramount Group by 2.9% during the third quarter. Long Pond Capital LP now owns 14,606,205 shares of the financial services provider’s stock valued at $233,699,000 after acquiring an additional 406,833 shares during the period. Finally, OxFORD Asset Management LLP acquired a new position in shares of Paramount Group during the third quarter valued at approximately $834,000. 62.65% of the stock is currently owned by institutional investors.
Paramount Group Inc (NYSE:PGRE) opened at $15.74 on Friday. The stock has a market cap of $3,778.76, a P/E ratio of 18.52, a price-to-earnings-growth ratio of 3.38 and a beta of 0.80. Paramount Group Inc has a 12-month low of $15.14 and a 12-month high of $17.58.
Paramount Group (NYSE:PGRE) last posted its quarterly earnings results on Monday, November 6th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The firm had revenue of $179.80 million for the quarter, compared to analyst estimates of $172.85 million. Paramount Group had a net margin of 12.29% and a return on equity of 1.76%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.20 earnings per share. research analysts forecast that Paramount Group Inc will post 0.9 earnings per share for the current fiscal year.
A number of research analysts recently commented on PGRE shares. Zacks Investment Research upgraded shares of Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Wednesday, August 23rd. TheStreet lowered shares of Paramount Group from a “c” rating to a “d+” rating in a research note on Thursday, November 16th. Four equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. Paramount Group has a consensus rating of “Hold” and an average price target of $16.40.
About Paramount Group
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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