Paramount Group, Inc. (NYSE:PGRE – Get Free Report)’s share price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.83 and traded as low as $4.54. Paramount Group shares last traded at $4.56, with a volume of 753,525 shares traded.
Paramount Group Stock Performance
The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm’s fifty day moving average price is $4.81 and its two-hundred day moving average price is $4.94. The stock has a market capitalization of $1.01 billion, a PE ratio of -4.74 and a beta of 1.22.
Hedge Funds Weigh In On Paramount Group
A number of large investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. increased its position in shares of Paramount Group by 226.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 4,950 shares in the last quarter. Point72 DIFC Ltd acquired a new stake in Paramount Group in the 3rd quarter valued at about $37,000. Quantinno Capital Management LP acquired a new stake in Paramount Group in the 3rd quarter valued at about $64,000. Ground Swell Capital LLC purchased a new position in Paramount Group in the 3rd quarter worth approximately $67,000. Finally, Marshall Wace LLP acquired a new position in shares of Paramount Group during the 2nd quarter worth approximately $74,000. Institutional investors and hedge funds own 65.64% of the company’s stock.
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.
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