Teachers Insurance & Annuity Association of America boosted its position in Paramount Group Inc (NYSE:PGRE) by 13.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 225,256 shares of the financial services provider’s stock after purchasing an additional 26,826 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in Paramount Group were worth $3,570,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Long Pond Capital LP lifted its position in shares of Paramount Group by 2.2% during the 4th quarter. Long Pond Capital LP now owns 14,921,426 shares of the financial services provider’s stock valued at $236,505,000 after acquiring an additional 315,221 shares during the last quarter. BlackRock Inc. lifted its position in shares of Paramount Group by 6.1% during the 4th quarter. BlackRock Inc. now owns 14,882,909 shares of the financial services provider’s stock valued at $235,895,000 after acquiring an additional 855,620 shares during the last quarter. Cbre Clarion Securities LLC acquired a new stake in shares of Paramount Group during the 4th quarter valued at $63,771,000. Dimensional Fund Advisors LP lifted its position in shares of Paramount Group by 4.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,788,687 shares of the financial services provider’s stock valued at $44,618,000 after acquiring an additional 109,774 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of Paramount Group by 8.8% during the 3rd quarter. American Century Companies Inc. now owns 2,382,891 shares of the financial services provider’s stock valued at $38,126,000 after acquiring an additional 193,616 shares during the last quarter. Hedge funds and other institutional investors own 69.03% of the company’s stock.
Shares of Paramount Group Inc (PGRE) opened at $14.45 on Monday. Paramount Group Inc has a one year low of $13.70 and a one year high of $17.25. The stock has a market cap of $3,474.18, a price-to-earnings ratio of 16.24, a price-to-earnings-growth ratio of 3.60 and a beta of 0.72.
Paramount Group (NYSE:PGRE) last announced its earnings results on Thursday, February 15th. The financial services provider reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Paramount Group had a net margin of 12.02% and a return on equity of 1.75%. The company had revenue of $180.26 million for the quarter, compared to the consensus estimate of $179.69 million. During the same period in the previous year, the business earned $0.17 EPS. The company’s revenue was up 8.1% on a year-over-year basis. equities research analysts anticipate that Paramount Group Inc will post 0.94 EPS for the current year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research downgraded Paramount Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 7th. Mizuho reiterated a “sell” rating and set a $14.00 price objective on shares of Paramount Group in a research report on Friday, February 23rd. Goldman Sachs Group upgraded Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 price objective for the company in a research report on Tuesday, February 6th. Finally, TheStreet upgraded Paramount Group from a “d+” rating to a “c-” rating in a research report on Thursday, December 21st. Four equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $16.40.
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Paramount Group Profile
Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).
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