Paramount Group Inc (NASDAQ:PGRE) Director Katharina Otto-Bernstein acquired 100,000 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was purchased at an average price of $15.74 per share, for a total transaction of $1,574,000.00. Following the completion of the transaction, the director now owns 11,931,489 shares in the company, valued at $187,801,636.86. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.
Shares of Paramount Group Inc (NASDAQ:PGRE) opened at 15.65 on Friday. The firm has a market cap of $3.46 billion and a P/E ratio of 823.68. Paramount Group Inc has a 12-month low of $14.23 and a 12-month high of $18.56. The firm has a 50-day moving average price of $15.60 and a 200-day moving average price of $16.51.
Paramount Group (NASDAQ:PGRE) last announced its earnings results on Wednesday, November 2nd. The company reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.01. The business earned $171.32 million during the quarter, compared to analyst estimates of $166.14 million. During the same period in the previous year, the company earned $0.20 earnings per share. The business’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, equities research analysts expect that Paramount Group Inc will post $0.85 earnings per share for the current fiscal year.
A number of research firms recently weighed in on PGRE. Zacks Investment Research lowered shares of Paramount Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 17th. TheStreet upgraded shares of Paramount Group from a “sell” rating to a “hold” rating in a research report on Monday, November 7th. BTIG Research began coverage on shares of Paramount Group in a research report on Thursday, August 25th. They issued a “neutral” rating on the stock. Finally, Mizuho lowered their price objective on shares of Paramount Group from $17.00 to $16.00 and set a “neutral” rating on the stock in a research report on Monday, November 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Paramount Group currently has a consensus rating of “Hold” and an average price target of $18.33.
Several large investors have recently bought and sold shares of PGRE. Profund Advisors LLC raised its stake in Paramount Group by 1.4% in the third quarter. Profund Advisors LLC now owns 10,195 shares of the company’s stock valued at $167,000 after buying an additional 139 shares in the last quarter. Pacer Advisors Inc. raised its stake in Paramount Group by 31.3% in the third quarter. Pacer Advisors Inc. now owns 21,300 shares of the company’s stock valued at $349,000 after buying an additional 5,078 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Paramount Group during the third quarter valued at about $404,000. Quadrature Capital Ltd purchased a new stake in Paramount Group during the third quarter valued at about $406,000. Finally, Bailard Inc. raised its stake in Paramount Group by 8.3% in the third quarter. Bailard Inc. now owns 26,000 shares of the company’s stock valued at $426,000 after buying an additional 2,000 shares in the last quarter.
Paramount Group Company Profile