Caxton Associates LP Acquires 18,936 Shares of Paramount Group, Inc. (NYSE:PGRE)

Caxton Associates LP lifted its position in Paramount Group, Inc. (NYSE:PGRE) by 9.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 230,361 shares of the financial services provider’s stock after buying an additional 18,936 shares during the quarter. Caxton Associates LP owned about 0.11% of Paramount Group worth $1,080,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Manchester Capital Management LLC grew its stake in shares of Paramount Group by 785.9% in the fourth quarter. Manchester Capital Management LLC now owns 5,076 shares of the financial services provider’s stock valued at $26,000 after buying an additional 4,503 shares in the last quarter. Metis Global Partners LLC bought a new position in shares of Paramount Group in the fourth quarter valued at $58,000. Great Lakes Advisors LLC bought a new position in shares of Paramount Group in the fourth quarter valued at $85,000. Ballentine Partners LLC acquired a new stake in Paramount Group during the 4th quarter valued at $111,000. Finally, Team Hewins LLC acquired a new stake in Paramount Group during the 4th quarter valued at $112,000. 65.64% of the stock is owned by institutional investors.

Paramount Group Price Performance

Shares of NYSE PGRE traded down $0.14 during mid-day trading on Tuesday, reaching $5.14. The company had a trading volume of 3,812,124 shares, compared to its average volume of 1,221,179. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.03 and a current ratio of 4.03. Paramount Group, Inc. has a one year low of $4.06 and a one year high of $5.92. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of -4.47, a PEG ratio of 0.26 and a beta of 1.26. The business’s 50-day simple moving average is $4.76 and its 200 day simple moving average is $4.71.

Paramount Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend was Friday, June 28th. Paramount Group’s payout ratio is currently -12.07%.

Analyst Ratings Changes

Separately, StockNews.com raised Paramount Group from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $4.60.

Paramount Group Company 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.