Two Sigma Securities LLC bought a new position in shares of Paramount Group Inc (NYSE:PGRE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 12,012 shares of the financial services provider’s stock, valued at approximately $190,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Long Pond Capital LP boosted its stake in Paramount Group by 2.2% during the fourth quarter. Long Pond Capital LP now owns 14,921,426 shares of the financial services provider’s stock worth $236,505,000 after acquiring an additional 315,221 shares in the last quarter. BlackRock Inc. boosted its stake in Paramount Group by 6.1% during the fourth quarter. BlackRock Inc. now owns 14,882,909 shares of the financial services provider’s stock worth $235,895,000 after acquiring an additional 855,620 shares in the last quarter. Cbre Clarion Securities LLC bought a new position in Paramount Group during the fourth quarter worth $63,771,000. Dimensional Fund Advisors LP boosted its stake in Paramount Group by 4.1% during the third quarter. Dimensional Fund Advisors LP now owns 2,788,687 shares of the financial services provider’s stock worth $44,618,000 after acquiring an additional 109,774 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its stake in Paramount Group by 8.4% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,359,730 shares of the financial services provider’s stock worth $37,402,000 after acquiring an additional 183,491 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts recently issued reports on PGRE shares. Zacks Investment Research lowered shares of Paramount Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Goldman Sachs raised shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a research note on Tuesday, February 6th. Mizuho reissued a “sell” rating and set a $14.00 target price on shares of Paramount Group in a research note on Friday, February 23rd. Finally, TheStreet raised shares of Paramount Group from a “d+” rating to a “c-” rating in a research note on Thursday, December 21st. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Paramount Group presently has an average rating of “Hold” and an average target price of $16.40.
Paramount Group Inc (NYSE PGRE) opened at $14.53 on Tuesday. Paramount Group Inc has a 12 month low of $13.70 and a 12 month high of $17.25. The firm has a market cap of $3,522.27, a price-to-earnings ratio of 39.27, a price-to-earnings-growth ratio of 3.65 and a beta of 0.72.
Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.22 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.22. Paramount Group had a net margin of 12.02% and a return on equity of 1.75%. The firm had revenue of $180.26 million for the quarter, compared to analyst estimates of $179.69 million. During the same period last year, the firm earned $0.17 earnings per share. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. equities analysts predict that Paramount Group Inc will post 0.94 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Thursday, March 29th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.75%. This is a positive change from Paramount Group’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Wednesday, March 28th. Paramount Group’s dividend payout ratio (DPR) is 102.70%.
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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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