Inspire Advisors LLC Makes New $130,000 Investment in Paramount Group, Inc. (NYSE:PGRE)

Inspire Advisors LLC purchased a new stake in Paramount Group, Inc. (NYSE:PGRE) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 26,416 shares of the financial services provider’s stock, valued at approximately $130,000.

A number of other institutional investors have also made changes to their positions in PGRE. Van ECK Associates Corp increased its position in Paramount Group by 9.5% during the third quarter. Van ECK Associates Corp now owns 36,906 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 3,187 shares during the period. Wolverine Asset Management LLC acquired a new stake in Paramount Group in the 3rd quarter worth $106,000. GSA Capital Partners LLP increased its holdings in shares of Paramount Group by 390.4% during the 3rd quarter. GSA Capital Partners LLP now owns 181,561 shares of the financial services provider’s stock worth $893,000 after purchasing an additional 144,539 shares during the period. Aigen Investment Management LP bought a new position in shares of Paramount Group during the 3rd quarter worth about $149,000. Finally, MQS Management LLC raised its position in shares of Paramount Group by 79.8% during the third quarter. MQS Management LLC now owns 39,175 shares of the financial services provider’s stock valued at $193,000 after buying an additional 17,383 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors.

Paramount Group Trading Up 0.4 %

Shares of Paramount Group stock opened at $4.06 on Friday. Paramount Group, Inc. has a 52-week low of $3.97 and a 52-week high of $5.47. The firm has a market capitalization of $882.08 million, a PE ratio of -4.14 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. The company’s fifty day moving average price is $4.61 and its two-hundred day moving average price is $4.84.

Paramount Group (NYSE:PGRE) last issued its earnings results on Thursday, February 27th. The financial services provider reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. Paramount Group had a negative net margin of 27.92% and a negative return on equity of 5.26%. The business had revenue of $186.27 million for the quarter, compared to analyst estimates of $180.41 million. On average, analysts expect that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.