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

On March 21st, Albert P. Behler, the CEO of Paramount Group, Inc. (NYSE:PGRE), purchased 10,000 shares of company stock. This acquisition was made at an average price of $4.15 per share, amounting to a total cost of $41,500. Following this transaction, Behler now owns 751,812 shares of Paramount Group, which are valued at approximately $3,120,019.80. This purchase has resulted in a 1.35% increase in his ownership stake in the company. Details of the transaction were made public in a filing with the Securities and Exchange Commission (SEC), which can be viewed through the provided link.

Paramount Group Market Performance

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

Earnings Results for Paramount Group

Paramount Group reported its most recent earnings results on February 27th. The company posted earnings of $0.19 per share for the quarter, surpassing analyst expectations which estimated $0.17 per share by $0.02. The firm generated revenue of $186.27 million during this quarter, exceeding estimates of $180.41 million. However, Paramount Group reported a negative net margin of 27.92% and a negative return on equity of 5.26%. Analysts predict that the firm will record earnings of $0.78 per share for the current fiscal year.

Institutional Investments in Paramount Group

Recent changes in institutional trading have been noted for Paramount Group. In the third quarter, Connor Clark & Lunn Investment Management Ltd. raised its position in Paramount Group by an impressive 782.7%, acquiring an additional 316,399 shares to reach a total of 356,825 shares, valued at $1,756,000. Intech Investment Management LLC also established a new position in Paramount Group during this quarter worth approximately $175,000. Other firms, such as Algert Global LLC and Swedbank AB, increased their stakes in the company, reflecting growing interest from institutional investors. Currently, 65.64% of Paramount Group’s stock is owned by hedge funds and institutional investors.

Wall Street Analysts’ Opinions

Paramount Group has been the subject of scrutiny from several analysts recently. On March 18th, Morgan Stanley adjusted its price target for the company from $4.25 to $4.00 while maintaining an CEO, Investment, Stock