Paramount Group Inc (NASDAQ:PGRE) Director Katharina Otto-Bernstein purchased 100,000 shares of Paramount Group stock in a transaction on Tuesday, November 29th. The stock was bought at an average price of $15.69 per share, for a total transaction of $1,569,000.00. Following the completion of the acquisition, the director now owns 12,020,175 shares in the company, valued at approximately $188,596,545.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Katharina Otto-Bernstein also recently made the following trade(s):

  • On Tuesday, November 22nd, Katharina Otto-Bernstein purchased 100,000 shares of Paramount Group stock. The stock was bought at an average price of $15.74 per share, for a total transaction of $1,574,000.00.

Shares of Paramount Group Inc (NASDAQ:PGRE) opened at 15.72 on Thursday. Paramount Group Inc has a 12-month low of $14.23 and a 12-month high of $18.56. The stock has a 50 day moving average of $15.59 and a 200-day moving average of $16.48. The company has a market capitalization of $3.48 billion and a P/E ratio of 827.37.

Paramount Group (NASDAQ:PGRE) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.01. The firm had revenue of $171.32 million for the quarter, compared to analysts’ expectations of $166.14 million. During the same period last year, the company posted $0.20 earnings per share. The business’s quarterly revenue was up 2.1% on a year-over-year basis. Equities research analysts forecast that Paramount Group Inc will post $0.85 EPS for the current year.

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Hedge funds have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Paramount Group by 11.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 9,099,915 shares of the company’s stock worth $149,148,000 after buying an additional 920,785 shares during the period. Lasalle Investment Management Securities LLC increased its stake in shares of Paramount Group by 1.9% in the third quarter. Lasalle Investment Management Securities LLC now owns 7,718,462 shares of the company’s stock worth $126,506,000 after buying an additional 147,033 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Paramount Group by 2.9% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 5,733,278 shares of the company’s stock worth $93,968,000 after buying an additional 160,323 shares during the period. Morgan Stanley increased its stake in shares of Paramount Group by 92.4% in the third quarter. Morgan Stanley now owns 4,082,310 shares of the company’s stock worth $66,910,000 after buying an additional 1,960,547 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of Paramount Group by 7.1% in the third quarter. BlackRock Fund Advisors now owns 2,775,375 shares of the company’s stock worth $45,488,000 after buying an additional 184,537 shares during the period.

A number of brokerages have issued reports on PGRE. Wells Fargo & Co. reiterated a “hold” rating and issued a $16.50 price target on shares of Paramount Group in a report on Thursday. Zacks Investment Research downgraded shares of Paramount Group from a “buy” rating to a “hold” rating in a report on Friday, November 11th. Mizuho reduced their price target on shares of Paramount Group from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Monday, November 7th. TheStreet upgraded shares of Paramount Group from a “sell” rating to a “hold” rating in a report on Monday, November 7th. Finally, BTIG Research began coverage on shares of Paramount Group in a report on Thursday, August 25th. They issued a “neutral” rating on the stock. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $17.88.

About Paramount Group

Paramount Group, Inc is a 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 primarily through Paramount Group Operating Partnership LP.

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