XTX Topco Ltd Sells 83,805 Shares of Paramount Group, Inc. $PGRE

XTX Topco Ltd lessened its holdings in Paramount Group, Inc. (NYSE:PGRE) by 51.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 79,163 shares of the financial services provider’s stock after selling 83,805 shares during the quarter. XTX Topco Ltd’s holdings in Paramount Group were worth $483,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. State of Alaska Department of Revenue boosted its position in shares of Paramount Group by 2.0% during the 2nd quarter. State of Alaska Department of Revenue now owns 90,268 shares of the financial services provider’s stock valued at $550,000 after acquiring an additional 1,768 shares in the last quarter. Teacher Retirement System of Texas lifted its stake in Paramount Group by 10.9% during the second quarter. Teacher Retirement System of Texas now owns 28,217 shares of the financial services provider’s stock worth $172,000 after purchasing an additional 2,778 shares during the period. Rhumbline Advisers lifted its stake in Paramount Group by 1.1% during the second quarter. Rhumbline Advisers now owns 335,214 shares of the financial services provider’s stock worth $2,045,000 after purchasing an additional 3,760 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in Paramount Group by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 271,861 shares of the financial services provider’s stock valued at $1,658,000 after purchasing an additional 3,787 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of Paramount Group by 101.0% in 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. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Trading Down 0.1%

Shares of NYSE PGRE opened at $6.59 on Friday. Paramount Group, Inc. has a 1-year low of $3.75 and a 1-year high of $7.85. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average of $6.55 and a two-hundred day moving average of $6.51. The company has a market cap of $1.46 billion, a PE ratio of -14.63 and a beta of 0.93.

Paramount Group (NYSE:PGRE) last issued its quarterly 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. Paramount Group had a negative net margin of 13.47% and a negative return on equity of 2.39%. The business had revenue of $172.96 million during the quarter, compared to analyst estimates of $167.65 million. As a group, equities analysts expect that Paramount Group, Inc. will post 0.78 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on PGRE. Evercore ISI set a $6.60 target price on Paramount Group and gave the stock an “in-line” rating in a research report on Monday, September 22nd. Morgan Stanley set a $6.60 price objective on Paramount Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. Wells Fargo & Company upgraded shares of Paramount Group from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $4.20 to $6.60 in a research note on Thursday, September 18th. BTIG Research reiterated a “neutral” rating on shares of Paramount Group in a research report on Wednesday, September 17th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Paramount Group in a report on Monday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.45.

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.