Universal Beteiligungs und Servicegesellschaft mbH Purchases 493,207 Shares of Paramount Group, Inc. $PGRE

Universal Beteiligungs und Servicegesellschaft mbH raised its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,926,588 shares of the financial services provider’s stock after acquiring an additional 493,207 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.87% of Paramount Group worth $11,752,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC boosted its stake in Paramount Group by 101.0% during the 2nd quarter. Signaturefd LLC now owns 8,291 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 4,167 shares during the period. Manchester Capital Management LLC increased its position in Paramount Group by 99.2% in the 1st quarter. Manchester Capital Management LLC now owns 8,864 shares of the financial services provider’s stock worth $38,000 after buying an additional 4,415 shares during the period. Truist Financial Corp acquired a new position in shares of Paramount Group during the second quarter worth approximately $67,000. Wolverine Asset Management LLC boosted its position in shares of Paramount Group by 86.6% in the first quarter. Wolverine Asset Management LLC now owns 12,195 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 5,659 shares during the period. Finally, Ethic Inc. bought a new stake in shares of Paramount Group in the second quarter valued at approximately $76,000. 65.64% of the stock is owned by institutional investors and hedge funds.

Paramount Group Price Performance

NYSE:PGRE opened at $6.57 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.91 and a current ratio of 4.91. The company has a 50-day moving average of $6.59 and a 200-day moving average of $6.38. Paramount Group, Inc. has a 52 week low of $3.75 and a 52 week high of $7.85. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -14.59 and a beta of 1.32.

Paramount Group (NYSE:PGRE) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $172.96 million for the quarter, compared to analysts’ expectations of $167.65 million. Paramount Group had a negative net margin of 13.47% and a negative return on equity of 2.39%. As a group, equities research analysts anticipate that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PGRE. BTIG Research reaffirmed a “neutral” rating on shares of Paramount Group in a research report on Wednesday, September 17th. Morgan Stanley set a $6.60 price objective on shares of Paramount Group and gave the stock an “equal weight” rating in a report on Wednesday, October 22nd. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Paramount Group in a research report on Thursday, November 13th. Wells Fargo & Company raised Paramount Group from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $4.20 to $6.60 in a research report on Thursday, September 18th. Finally, Evercore ISI set a $6.60 price target on Paramount Group and gave the company an “in-line” rating in a report on Monday, September 22nd. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.45.

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.