Paramount Group Inc (PGRE) is Crestline Management LP’s 4th Largest Position

Crestline Management LP lifted its position in Paramount Group Inc (NYSE:PGRE) by 20.6% in the fourth quarter, HoldingsChannel reports. The firm owned 629,294 shares of the financial services provider’s stock after purchasing an additional 107,500 shares during the quarter. Paramount Group comprises about 1.2% of Crestline Management LP’s investment portfolio, making the stock its 4th biggest holding. Crestline Management LP’s holdings in Paramount Group were worth $7,904,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Paramount Group by 3.9% during the third quarter. Vanguard Group Inc. now owns 30,802,997 shares of the financial services provider’s stock worth $464,817,000 after acquiring an additional 1,144,629 shares during the last quarter. Vanguard Group Inc boosted its position in shares of Paramount Group by 3.9% during the third quarter. Vanguard Group Inc now owns 30,802,997 shares of the financial services provider’s stock worth $464,817,000 after acquiring an additional 1,144,629 shares during the last quarter. BlackRock Inc. boosted its position in shares of Paramount Group by 8.2% during the third quarter. BlackRock Inc. now owns 16,614,899 shares of the financial services provider’s stock worth $250,719,000 after acquiring an additional 1,265,610 shares during the last quarter. Morgan Stanley boosted its position in shares of Paramount Group by 6.4% during the third quarter. Morgan Stanley now owns 8,551,935 shares of the financial services provider’s stock worth $129,048,000 after acquiring an additional 517,614 shares during the last quarter. Finally, Man Group plc boosted its position in shares of Paramount Group by 990.3% during the third quarter. Man Group plc now owns 3,871,624 shares of the financial services provider’s stock worth $58,423,000 after acquiring an additional 3,516,524 shares during the last quarter. 60.61% of the stock is owned by hedge funds and other institutional investors.

PGRE stock opened at $14.52 on Friday. Paramount Group Inc has a 52 week low of $12.18 and a 52 week high of $16.05. The company has a debt-to-equity ratio of 0.73, a current ratio of 3.28 and a quick ratio of 3.28. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 15.13, a price-to-earnings-growth ratio of 4.10 and a beta of 0.87.

Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Wednesday, February 13th. The financial services provider reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.21). Paramount Group had a net margin of 1.21% and a return on equity of 0.18%. The business had revenue of $190.68 million for the quarter, compared to the consensus estimate of $186.53 million. During the same quarter last year, the business earned $0.22 EPS. Paramount Group’s revenue for the quarter was up 5.8% compared to the same quarter last year. Research analysts anticipate that Paramount Group Inc will post 0.99 EPS for the current fiscal year.

PGRE has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Paramount Group from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research report on Tuesday, January 29th. Morgan Stanley upgraded shares of Paramount Group from an “underweight” rating to an “equal weight” rating and set a $14.46 price objective for the company in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $17.15.

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Paramount Group Company Profile

Headquartered in New York City, Paramount Group, Inc 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 City, Washington, DC and San Francisco.

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

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