Paramount Group Inc (NYSE:PGRE) major shareholder Alexander Otto sold 16,487 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $13.49, for a total value of $222,409.63. Following the completion of the transaction, the insider now owns 13,656,206 shares of the company’s stock, valued at approximately $184,222,218.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
PGRE stock opened at $13.41 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.88 and a current ratio of 2.88. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 3.68 and a beta of 0.77. Paramount Group Inc has a fifty-two week low of $12.18 and a fifty-two week high of $15.11. The stock has a fifty day moving average of $13.37 and a 200-day moving average of $13.65.
Paramount Group (NYSE:PGRE) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.21). The firm had revenue of $198.32 million for the quarter, compared to the consensus estimate of $190.88 million. Paramount Group had a return on equity of 0.44% and a net margin of 2.77%. The firm’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS. Equities analysts predict that Paramount Group Inc will post 0.97 EPS for the current year.
Hedge funds have recently bought and sold shares of the company. Manchester Capital Management LLC bought a new position in shares of Paramount Group during the 2nd quarter worth $71,000. Redpoint Investment Management Pty Ltd bought a new position in shares of Paramount Group during the 2nd quarter worth $142,000. Point72 Asset Management L.P. bought a new position in shares of Paramount Group during the 2nd quarter worth $143,000. Point72 Hong Kong Ltd bought a new position in shares of Paramount Group during the 2nd quarter worth $145,000. Finally, Barings LLC bought a new position in shares of Paramount Group during the 2nd quarter worth $149,000. Institutional investors own 62.90% of the company’s stock.
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.
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