Citadel Advisors LLC Sells 3,760 Shares of Paramount Group, Inc. (NYSE:PGRE)

Citadel Advisors LLC trimmed its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 912,017 shares of the financial services provider’s stock after selling 3,760 shares during the period. Citadel Advisors LLC’s holdings in Paramount Group were worth $4,505,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Sterling Capital Management LLC boosted its holdings in Paramount Group by 806.3% in the 4th quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 5,257 shares during the period. Commerce Bank acquired a new position in shares of Paramount Group during the fourth quarter valued at about $54,000. Greenleaf Trust bought a new stake in shares of Paramount Group in the fourth quarter valued at about $63,000. US Bancorp DE lifted its stake in shares of Paramount Group by 33.9% in the fourth quarter. US Bancorp DE now owns 14,656 shares of the financial services provider’s stock valued at $72,000 after buying an additional 3,708 shares during the period. Finally, Inspire Investing LLC acquired a new stake in Paramount Group during the fourth quarter worth about $76,000. 65.64% of the stock is owned by institutional investors and hedge funds.

Paramount Group Stock Up 1.2%

Shares of PGRE opened at $4.79 on Monday. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The company has a 50-day moving average price of $4.29 and a two-hundred day moving average price of $4.60. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -4.88 and a beta of 1.12. Paramount Group, Inc. has a 12 month low of $3.75 and a 12 month high of $5.47.

Paramount Group (NYSE:PGRE) last announced its quarterly earnings results on Wednesday, April 30th. The financial services provider reported $0.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.17. The firm had revenue of $187.02 million for the quarter, compared to analysts’ expectations of $180.79 million. Paramount Group had a negative return on equity of 5.26% and a negative net margin of 27.92%. Equities analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Mizuho cut their price target on Paramount Group from $6.00 to $5.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Morgan Stanley restated an “underweight” rating and issued a $3.25 target price on shares of Paramount Group in a research note on Tuesday, April 15th. Finally, StockNews.com cut Paramount Group from a “hold” rating to a “sell” rating in a research report on Wednesday, April 23rd.

Insider Buying and Selling

In other Paramount Group news, CEO Albert P. Behler purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, March 21st. The shares were acquired at an average cost of $4.15 per share, for a total transaction of $41,500.00. Following the transaction, the chief executive officer now directly owns 751,812 shares in the company, valued at approximately $3,120,019.80. The trade was a 1.35% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 13.80% of the stock is currently owned by corporate insiders.

Paramount Group Profile

Paramount Group, Inc (“Paramount” or the “Company”) 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 and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.