Paramount Group, Inc. CEO Albert P. Behler Purchases 10,000 Shares

Albert P. Behler, the CEO of Paramount Group, Inc. (NYSE:PGRE), recently acquired 10,000 shares of the company's stock. This purchase took place on Friday, March 21st, at an average cost of $4.15 per share, amounting to a total investment of $41,500. Following this transaction, Behler now directly holds 751,812 shares, which have an estimated value of $3,120,019.80. This acquisition represents an increase of 1.35% in his stock ownership. The details of this purchase have been officially filed with the Securities and Exchange Commission.

Current Stock Performance

On Tuesday, during trading hours, shares of NYSE:PGRE experienced a slight decline of $0.03, bringing the stock price to $4.17. The day recorded a trading volume of 1,383,641 shares, significantly higher than the average volume of 970,463 shares. Paramount Group's market capitalization is approximately $907.09 million, with a price-to-earnings ratio of -4.26 and a beta of 1.22. Over the past year, the stock reached a low of $3.96 and a high of $5.47. Currently, the 50-day moving average price stands at $4.51, while the 200-day moving average price is at $4.79. The company has a debt-to-equity ratio of 0.91 and both its quick and current ratios are reported at 4.45.

Recent Earnings Report

Paramount Group last announced its earnings on February 27th, where it reported earnings per share of $0.19, surpassing the analysts' consensus expectation of $0.17. During this quarter, the firm generated revenue of $186.27 million, exceeding the estimated revenue of $180.41 million. Despite this positive performance, the company recorded a negative net margin of 27.92% and a negative return on equity of 5.26%. Looking ahead, analysts anticipate that Paramount Group, Inc. will report earnings per share of 0.78 for the current fiscal year.

Institutional Trading Activities

Institutional investors have made notable adjustments to their positions in Paramount Group. For instance, Connor Clark & Lunn Investment Management Ltd. significantly increased its stake by 782.7% during the third quarter, acquiring an additional 316,399 shares for a total of 356,825 shares valued at $1,756,000. Other firms, such as Intech Investment Management LLC, Algert Global LLC, Swedbank AB, and Daiwa Securities Group Inc., have also modified their holdings, leading to a substantial 65.64% of the stock being owned by hedge funds and institutional investors.

Analysts' Insights

Paramount Group has been featured in several analyst reports recently. On March 18th, Morgan Stanley adjusted its price target for Paramount Group from $4.25 down to $4.00, while maintaining an "equal weight" rating on the stock. Similarly, Mizuho lowered their price target from $6.00 to $5.00, rating the company as "outperform" in a study released on February 25th.

About Paramount Group

Paramount Group, Inc., referred to as "Paramount," is a fully integrated real estate investment trust (REIT). The company focuses on owning, operating, managing, acquiring, and redeveloping high-quality Class A office properties primarily located in key central business districts in New York and San Francisco. Paramount aims to maximize the value of its portfolio by leveraging its prime asset locations and effective property management practices to attract and retain desirable tenants.

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