Ensign Peak Advisors Inc Has $597,000 Stake in Paramount Group, Inc. $PGRE

Ensign Peak Advisors Inc lessened its stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 34.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 97,820 shares of the financial services provider's stock after selling 51,250 shares during the quarter. Ensign Peak Advisors Inc's holdings in Paramount Group were worth $597,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of PGRE. Nuveen LLC bought a new position in shares of Paramount Group in the first quarter valued at approximately $6,096,000. XTX Topco Ltd lifted its position in Paramount Group by 249.9% during the 1st quarter. XTX Topco Ltd now owns 162,968 shares of the financial services provider's stock worth $701,000 after acquiring an additional 116,394 shares during the last quarter. American Century Companies Inc. boosted its holdings in Paramount Group by 222.1% during the first quarter. American Century Companies Inc. now owns 49,749 shares of the financial services provider's stock valued at $214,000 after acquiring an additional 34,306 shares during the period. Long Pond Capital LP grew its position in shares of Paramount Group by 16.8% in the first quarter. Long Pond Capital LP now owns 11,737,433 shares of the financial services provider's stock valued at $50,471,000 after purchasing an additional 1,684,098 shares during the last quarter. Finally, HBK Investments L P grew its position in shares of Paramount Group by 16.5% in the first quarter. HBK Investments L P now owns 2,791,774 shares of the financial services provider's stock valued at $12,005,000 after purchasing an additional 395,152 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Paramount Group from an "underweight" rating to an "equal weight" rating and raised their price objective for the stock from $4.20 to $6.60 in a research note on Thursday, September 18th. BTIG Research restated a "neutral" rating on shares of Paramount Group in a report on Wednesday, September 17th. Morgan Stanley set a $6.60 target price on shares of Paramount Group and gave the company an "equal weight" rating in a research note on Wednesday, October 22nd. 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. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Paramount Group in a report on Tuesday, November 25th. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $6.45.

View Our Latest Report on Paramount Group

Paramount Group Trading Up 0.2%

NYSE PGRE opened at $6.59 on Monday. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $7.85. The stock has a 50-day simple moving average of $6.54 and a 200 day simple moving average of $6.49. 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 market capitalization of $1.46 billion, a PE ratio of -14.64 and a beta of 0.92.

Paramount Group (NYSE:PGRE - Get Free Report) last posted its earnings results on Wednesday, October 29th. The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. Paramount Group had a negative return on equity of 2.39% and a negative net margin of 13.47%.The firm had revenue of $172.96 million during the quarter, compared to analysts' expectations of $167.65 million. Research analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current 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.

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