Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in Paramount Group, Inc. (NYSE:PGRE) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 239,200 shares of the financial services provider’s stock after acquiring an additional 3,000 shares during the period. Nomura Asset Management Co. Ltd. owned 0.11% of Paramount Group worth $1,182,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of Paramount Group during the 4th quarter worth approximately $2,701,000. JPMorgan Chase & Co. increased its position in Paramount Group by 6.4% during the fourth quarter. JPMorgan Chase & Co. now owns 2,678,713 shares of the financial services provider’s stock worth $13,233,000 after buying an additional 160,884 shares in the last quarter. EntryPoint Capital LLC raised its holdings in shares of Paramount Group by 167.2% in the fourth quarter. EntryPoint Capital LLC now owns 67,773 shares of the financial services provider’s stock worth $335,000 after acquiring an additional 42,410 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Paramount Group by 21.9% in the fourth quarter. Prudential Financial Inc. now owns 1,484,866 shares of the financial services provider’s stock valued at $7,335,000 after acquiring an additional 266,300 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Paramount Group by 1.8% during the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider’s stock valued at $132,999,000 after acquiring an additional 477,940 shares during the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Paramount Group Price Performance

Shares of NYSE:PGRE opened at $4.44 on Thursday. The company has a market cap of $965.82 million, a P/E ratio of -4.53 and a beta of 1.22. The business has a fifty day simple moving average of $4.47 and a 200-day simple moving average of $4.76. Paramount Group, Inc. has a 52 week low of $3.96 and a 52 week high of $5.47. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Paramount Group (NYSE:PGRE) last posted its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $186.27 million during the quarter, compared to analysts’ expectations of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. Equities research analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current year.

Insider Buying and Selling

In other news, CEO Albert P. Behler purchased 10,000 shares of the stock in a transaction on Friday, March 21st. The stock was purchased at an average price of $4.15 per share, with a total value of $41,500.00. Following the completion of the transaction, the chief executive officer now owns 751,812 shares in the company, valued at approximately $3,120,019.80. The trade was a 1.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PGRE shares. Mizuho cut their target price on shares of Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Morgan Stanley cut their price objective on shares of Paramount Group from $4.25 to $4.00 and set an “equal weight” rating for the company in a research report on Tuesday, March 18th.

Paramount Group Company Profile

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.