Paramount Group Inc (PGRE) Holdings Lifted by Eagle Asset Management Inc.
Eagle Asset Management Inc. grew its holdings in shares of Paramount Group Inc (NYSE:PGRE) by 3.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 994,561 shares of the financial services provider’s stock after purchasing an additional 30,807 shares during the quarter. Eagle Asset Management Inc. owned approximately 0.41% of Paramount Group worth $15,912,000 at the end of the most recent quarter.
Other institutional investors have also modified their holdings of the company. Teachers Advisors LLC raised its position in shares of Paramount Group by 6.7% in the 1st quarter. Teachers Advisors LLC now owns 253,796 shares of the financial services provider’s stock worth $4,114,000 after buying an additional 16,033 shares during the period. Bank of America Corp DE raised its position in shares of Paramount Group by 98.6% in the 1st quarter. Bank of America Corp DE now owns 180,291 shares of the financial services provider’s stock worth $2,923,000 after buying an additional 89,516 shares during the period. Russell Investments Group Ltd. raised its position in shares of Paramount Group by 21.9% in the 2nd quarter. Russell Investments Group Ltd. now owns 1,001,617 shares of the financial services provider’s stock worth $16,053,000 after buying an additional 179,704 shares during the period. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Paramount Group by 5.4% in the 2nd quarter. Sumitomo Mitsui Asset Management Company LTD now owns 47,769 shares of the financial services provider’s stock worth $764,000 after buying an additional 2,456 shares during the period. Finally, Strs Ohio raised its position in shares of Paramount Group by 12.9% in the 2nd quarter. Strs Ohio now owns 255,733 shares of the financial services provider’s stock worth $4,091,000 after buying an additional 29,174 shares during the period. 62.64% of the stock is currently owned by institutional investors.
Paramount Group Inc (NYSE:PGRE) traded up $0.02 during trading hours on Friday, reaching $16.19. The company’s stock had a trading volume of 1,437,739 shares, compared to its average volume of 1,210,625. Paramount Group Inc has a one year low of $15.14 and a one year high of $17.58. The stock has a market capitalization of $3,881.99, a price-to-earnings ratio of 19.02, a PEG ratio of 3.02 and a beta of 0.80.
Paramount Group (NYSE:PGRE) last released its quarterly earnings data on Monday, November 6th. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. Paramount Group had a return on equity of 1.76% and a net margin of 12.29%. The company had revenue of $179.80 million for the quarter, compared to analyst estimates of $172.85 million. During the same period last year, the company posted $0.20 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. equities research analysts expect that Paramount Group Inc will post 0.9 EPS for the current fiscal year.
Several research analysts recently weighed in on PGRE shares. Zacks Investment Research raised Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Wednesday, November 15th. TheStreet lowered Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Four research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $16.40.
About Paramount Group
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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