Paramount Group CEO Albert P. Behler Expands Stock Holdings

Albert P. Behler, the CEO of Paramount Group, Inc. (NYSE:PGRE), recently increased his stake in the company by acquiring 10,000 shares on March 21st. The shares were bought at an average price of $4.15 each, amounting to a total expenditure of $41,500. Following this purchase, Behler now directly owns a total of 751,812 shares, with an overall value estimated at $3,120,019.80. This transaction reflects a 1.35% growth in his ownership of Paramount's stock. This acquisition was formally reported through a filing with the Securities and Exchange Commission.

Paramount Group Performance

On Tuesday, shares of Paramount Group traded slightly lower, down by $0.03 to reach a price of $4.17. During the session, the stock saw a trading volume of 1,383,641 shares, surpassing its average daily volume of 970,463 shares. Paramount Group, Inc. has a market capitalization of about $907.09 million, a price-to-earnings ratio of -4.26, and a beta of 1.22. Over the past year, the stock hit a low of $3.96 and a high of $5.47. Its 50-day moving average stands at $4.51, while the 200-day moving average is $4.79. The company's financial solidity is reflected in its debt-to-equity ratio of 0.91 and a strong liquidity position demonstrated by a quick ratio of 4.45 and a current ratio of 4.45.

Earnings Performance

The financial outcomes for Paramount Group were last disclosed on February 27th, when the firm reported earnings of $0.19 per share, exceeding analysts' predictions of $0.17 by $0.02. The company reported revenues of $186.27 million for the quarter, topping analyst estimates of $180.41 million. However, Paramount showed a negative net margin of 27.92% and a negative return on equity of 5.26%. Analysts currently project the company will achieve earnings of $0.78 per share for the fiscal year.

Institutional Investments

Recent adjustments have been made by various hedge funds concerning their investments in Paramount Group. For instance, Connor Clark & Lunn Investment Management Ltd. raised its holdings by 782.7% last quarter and now owns 356,825 shares valued at $1,756,000 after acquiring an additional 316,399 shares. Intech Investment Management LLC has also made a new investment in Paramount Group, valued at around $175,000. Algert Global LLC increased their position by 2.3%, holding 327,690 shares worth $1,612,000 after adding 7,437 shares. Additionally, Swedbank AB enhanced its stake by 25.2%, owning 142,466 shares valued at $701,000. Daiwa Securities Group Inc. also boosted its investment by 14.5%, now holding 59,856 shares worth $294,000. Overall, hedge funds and institutional investors hold approximately 65.64% of Paramount Group shares.

Wall Street Analyst Perspectives

Paramount Group has been assessed by several analysts recently. Morgan Stanley lowered its price target for the stock from $4.25 to $4.00, maintaining an "equal weight" rating. Meanwhile, Mizuho also revised its price target down from $6.00 to $5.00, assigning an "outperform" rating.

About Paramount Group

Paramount Group, Inc. is a real estate investment trust (REIT) that integrates ownership, operation, management, acquisition, and redevelopment of premium Class A office properties, primarily based in distinguished business districts in New York and San Francisco. The company aims to enhance the value of its portfolio through strategic property management and the advantageous locations of its assets.

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