Paramount Group Inc (NASDAQ:PGRE) Director Katharina Otto-Bernstein acquired 100,000 shares of Paramount Group stock in a transaction that occurred on Tuesday, November 22nd. The stock was purchased at an average price of $15.74 per share, with a total value of $1,574,000.00. Following the transaction, the director now owns 11,931,489 shares of the company’s stock, valued at $187,801,636.86. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of Paramount Group Inc (NASDAQ:PGRE) traded down 0.82% on Wednesday, reaching $15.65. 1,057,105 shares of the company’s stock were exchanged. Paramount Group Inc has a 1-year low of $14.23 and a 1-year high of $18.56. The stock’s 50-day moving average price is $15.61 and its 200-day moving average price is $16.51. The company has a market capitalization of $3.46 billion and a P/E ratio of 823.68.

Paramount Group (NASDAQ:PGRE) last released its earnings results on Wednesday, November 2nd. The company reported $0.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company earned $171.32 million during the quarter, compared to the consensus estimate of $166.14 million. Paramount Group’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.20 EPS. Analysts anticipate that Paramount Group Inc will post $0.85 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Profund Advisors LLC increased its stake in shares of Paramount Group by 1.4% in the third quarter. Profund Advisors LLC now owns 10,195 shares of the company’s stock worth $167,000 after buying an additional 139 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of Paramount Group by 31.3% in the third quarter. Pacer Advisors Inc. now owns 21,300 shares of the company’s stock worth $349,000 after buying an additional 5,078 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Paramount Group during the third quarter worth $404,000. Quadrature Capital Ltd acquired a new stake in shares of Paramount Group during the third quarter worth $406,000. Finally, Bailard Inc. increased its stake in shares of Paramount Group by 8.3% in the third quarter. Bailard Inc. now owns 26,000 shares of the company’s stock worth $426,000 after buying an additional 2,000 shares in the last quarter.

A number of brokerages recently commented on PGRE. Zacks Investment Research downgraded 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 for the company. Finally, Mizuho reduced their price objective on shares of Paramount Group from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Monday, November 7th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Paramount Group has an average rating of “Hold” and an average price target of $18.33.

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Paramount Group Company Profile

Paramount Group, Inc is a real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business primarily through Paramount Group Operating Partnership LP.

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