Paramount Group Inc (NYSE:PGRE) Shares Acquired by Jane Street Group LLC

Jane Street Group LLC raised its holdings in shares of Paramount Group Inc (NYSE:PGRE) by 72.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,618 shares of the financial services provider’s stock after acquiring an additional 7,836 shares during the quarter. Jane Street Group LLC’s holdings in Paramount Group were worth $261,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of Paramount Group by 120.8% during the 2nd quarter. Aperio Group LLC now owns 241,559 shares of the financial services provider’s stock worth $3,384,000 after acquiring an additional 132,147 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Paramount Group by 17.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,698,327 shares of the financial services provider’s stock worth $37,494,000 after acquiring an additional 392,972 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Paramount Group by 18.9% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 723,105 shares of the financial services provider’s stock worth $10,131,000 after acquiring an additional 114,853 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Paramount Group by 67.3% during the 2nd quarter. Acadian Asset Management LLC now owns 82,946 shares of the financial services provider’s stock worth $1,163,000 after acquiring an additional 33,354 shares in the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Paramount Group by 95.7% during the 2nd quarter. First Trust Advisors LP now owns 208,195 shares of the financial services provider’s stock worth $2,917,000 after acquiring an additional 101,807 shares in the last quarter. 61.16% of the stock is owned by institutional investors and hedge funds.

PGRE has been the subject of several analyst reports. Morgan Stanley raised Paramount Group from an “equal” rating to a “weight” rating and set a $15.00 price objective for the company in a research report on Friday. ValuEngine raised Paramount Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Zacks Investment Research raised Paramount Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Friday, June 28th.

Shares of NYSE PGRE opened at $12.80 on Friday. The stock has a market cap of $3.00 billion, a PE ratio of 13.35, a price-to-earnings-growth ratio of 3.35 and a beta of 0.77. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 0.74. Paramount Group Inc has a 52-week low of $12.18 and a 52-week high of $15.11. The business has a 50-day moving average price of $13.15 and a 200 day moving average price of $13.90.

Paramount Group (NYSE:PGRE) last announced its earnings results on Wednesday, July 31st. The financial services provider reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The firm had revenue of $188.58 million during the quarter, compared to analyst estimates of $187.21 million. Paramount Group had a net margin of 6.77% and a return on equity of 1.06%. The firm’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.24 earnings per share. Sell-side analysts anticipate that Paramount Group Inc will post 0.93 earnings per share for the current year.

The company also recently announced a — dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.10 dividend. The ex-dividend date is Friday, September 27th. This represents a dividend yield of 3%. Paramount Group’s dividend payout ratio (DPR) is presently 41.67%.

About Paramount Group

Headquartered in New York City, Paramount Group, Inc 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 City, Washington, DC and San Francisco.

Further Reading: Overbought

Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)

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