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

On March 21st, Albert P. Behler, the CEO of Paramount Group, Inc. (NYSE:PGRE), made an acquisition of 10,000 shares of the company's stock. He purchased these shares at an average price of $4.15 each, resulting in a total investment of $41,500. Following this transaction, Behler increased his ownership stake, bringing his total holdings to 751,812 shares. These shares are now valued at approximately $3,120,019.80. This purchase represents a 1.35% increase in his ownership position. The materiality of the purchase was made public in a filing with the Securities and Exchange Commission (SEC), which can be viewed through official channels.

Market watchers often pay close attention to insider trades, as these can signal executives' confidence in their companies' futures. Behler's recent purchase could be seen as a positive signal about the prospects of Paramount Group, Inc.

Paramount Group Stock Performance

During trading on Tuesday, the stock was observed to decrease by $0.03, reaching a price of $4.17. The trading volume was notably high at 1,383,641 shares, compared to the average volume of 970,463 shares. The firm's market capitalization stands at $907.09 million, reflecting its scale in the market. The company has a Price-to-Earnings (P/E) ratio of -4.26 and a beta of 1.22. Over the past year, the stock has faced fluctuations, hitting a 52-week low of $3.96 and a high of $5.47. Its moving averages suggest a current trend, with a 50-day moving average at $4.51 and a 200-day moving average at $4.79. Paramount shows a debt-to-equity ratio of 0.91, demonstrating its financial structure, and both its quick ratio and current ratio are at 4.45, indicating strong liquidity.

Recent Earnings Results

Paramount Group, Inc. recently announced its earnings results for the quarter ending February 27th. The company reported earnings per share (EPS) of $0.19, outperforming analysts' expectations of $0.17 by $0.02. During this quarter, Paramount generated revenues of $186.27 million, surpassing analyst estimates of $180.41 million. Despite these positive results, the company reported a negative net margin of 27.92% and a negative return on equity of 5.26%. Looking ahead, analysts predict that the company will post EPS of 0.78 for the current fiscal year, which reflects cautious optimism for the business moving forward.

Institutional Trading Update

Recent changes in institutional holdings reveal increased confidence in Paramount Group by various hedge funds. Notably, Connor Clark & Lunn Investment Management Ltd. has significantly bolstered its position, increasing ownership by 782.7% during the third quarter. They now possess 356,825 shares valued at approximately $1,756,000 after purchasing an additional 316,399 shares. Other firms, such as Intech Investment Management LLC and Algert Global LLC, have also entered new positions or expanded their current holdings. Approximately 65.64% of Paramount's stock is now owned by institutional investors.

Analyst Perspectives

Analysts have adjusted their outlooks on Paramount Group recently. Morgan Stanley downgraded their price target from $4.25 to $4.00 while maintaining an 'equal weight' rating for the stock. Meanwhile, Mizuho has lowered their price target from $6.00 to $5.00, assigning an 'outperform' rating. These shifts reflect differing views on the potential growth and performance of Paramount Group as the market continues to evolve.

Company Background

Paramount Group, Inc. is recognized as a fully-integrated real estate investment trust (REIT). The company is engaged in the ownership, operation, management, acquisition, and redevelopment of high-quality Class A office properties, primarily situated in key business districts in New York and San Francisco. Paramount's strategy is focused on maximizing asset value through its desirable locations and proven property management capabilities, aimed at attracting and retaining high-quality tenants.

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