Paramount Group, Inc. (NYSE:PGRE – Get Free Report) shares saw unusually-strong trading volume on Thursday . Approximately 1,181,420 shares traded hands during mid-day trading, an increase of 19% from the previous session’s volume of 994,978 shares.The stock last traded at $4.92 and had previously closed at $4.55.
Paramount Group Trading Up 0.7 %
The company has a market cap of $1.06 billion, a price-to-earnings ratio of -4.99 and a beta of 1.22. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The company’s fifty day moving average price is $4.79 and its two-hundred day moving average price is $4.92.
Institutional Investors Weigh In On Paramount Group
Institutional investors have recently made changes to their positions in the stock. 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 acquiring an additional 4,950 shares in the last quarter. Point72 DIFC Ltd bought a new position in shares of Paramount Group during the third quarter worth about $37,000. Greenleaf Trust acquired a new position in Paramount Group during the 4th quarter worth approximately $63,000. Quantinno Capital Management LP bought a new stake in shares of Paramount Group in the third quarter worth $64,000. Finally, Ground Swell Capital LLC bought a new position in Paramount Group in the third quarter valued at $67,000. 65.64% of the stock is owned by institutional investors and hedge funds.
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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