Paramount Group, Inc. (NYSE:PGRE) Holdings Cut by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. lowered its holdings in Paramount Group, Inc. (NYSE:PGRE) by 3.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,429,594 shares of the financial services provider’s stock after selling 230,000 shares during the period. Jupiter Asset Management Ltd. owned about 3.42% of Paramount Group worth $36,702,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. raised its holdings 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 valued at $35,000 after buying an additional 4,950 shares during the last quarter. Point72 DIFC Ltd bought a new stake in shares of Paramount Group during the third quarter valued at approximately $37,000. Greenleaf Trust bought a new stake in shares of Paramount Group during the fourth quarter valued at approximately $63,000. Quantinno Capital Management LP bought a new stake in shares of Paramount Group during the third quarter valued at approximately $64,000. Finally, US Bancorp DE raised its holdings in shares of Paramount Group by 33.9% during the fourth quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock valued at $72,000 after buying an additional 3,708 shares during the last quarter. Institutional investors own 65.64% of the company’s stock.

Analysts Set New Price Targets

Separately, Mizuho cut their price target on Paramount Group from $6.00 to $5.00 and set an “outperform” rating on the stock in a report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $4.63.

Paramount Group Stock Performance

PGRE opened at $4.05 on Wednesday. The company has a market capitalization of $879.90 million, a price-to-earnings ratio of -4.13 and a beta of 1.22. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. Paramount Group, Inc. has a 1-year low of $4.03 and a 1-year high of $5.47. The business has a 50 day moving average price of $4.65 and a two-hundred day moving average price of $4.85.

Paramount Group (NYSE:PGRE) last released its 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 during the quarter, compared to the consensus estimate of $180.41 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. Research analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

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.