10,872 Shares in Paramount Group, Inc. (NYSE:PGRE) Purchased by Commerce Bank

Commerce Bank purchased a new stake in Paramount Group, Inc. (NYSE:PGRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,872 shares of the financial services provider’s stock, valued at approximately $54,000.

A number of other large investors also recently bought and sold shares of the stock. Cohen & Steers Inc. purchased a new position in shares of Paramount Group during the 4th quarter valued at approximately $9,231,000. Long Pond Capital LP grew its position in Paramount Group by 12.5% during the fourth quarter. Long Pond Capital LP now owns 10,053,335 shares of the financial services provider’s stock valued at $49,663,000 after buying an additional 1,116,395 shares during the period. Norges Bank purchased a new position in Paramount Group in the fourth quarter valued at $2,701,000. Vanguard Group Inc. raised its position in shares of Paramount Group by 1.8% in the fourth quarter. Vanguard Group Inc. now owns 26,922,796 shares of the financial services provider’s stock worth $132,999,000 after acquiring an additional 477,940 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Paramount Group by 21.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,517,829 shares of the financial services provider’s stock worth $12,388,000 after acquiring an additional 443,777 shares in the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Paramount Group

In other news, CEO Albert P. Behler purchased 10,000 shares of Paramount Group stock in a transaction dated Friday, March 21st. The shares were purchased at an average price of $4.15 per share, with a total value of $41,500.00. Following the transaction, the chief executive officer now owns 751,812 shares in the company, valued at $3,120,019.80. This represents a 1.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 13.80% of the company’s stock.

Paramount Group Trading Down 0.9 %

PGRE stock opened at $4.31 on Friday. The business’s 50-day moving average is $4.26 and its 200 day moving average is $4.66. Paramount Group, Inc. has a 12-month low of $3.75 and a 12-month high of $5.47. The stock has a market cap of $944.86 million, a price-to-earnings ratio of -4.40 and a beta of 1.10. The company has a current ratio of 4.45, a quick 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $186.27 million for the quarter, compared to analyst estimates of $180.41 million. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. On average, sell-side analysts anticipate that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

PGRE has been the subject of several recent analyst reports. StockNews.com lowered Paramount Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Mizuho cut their price objective on Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a research report on Tuesday, February 25th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $3.25 target price on shares of Paramount Group in a research report on Tuesday, April 15th.

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.