Paramount Group, Inc. (NYSE:PGRE) Short Interest Update

Paramount Group, Inc. (NYSE:PGRE) was the recipient of a significant decline in short interest in October. As of October 31st, there was short interest totalling 3,150,000 shares, a decline of 23.4% from the October 15th total of 4,110,000 shares. Approximately 1.8% of the company’s stock are short sold. Based on an average daily volume of 832,100 shares, the short-interest ratio is currently 3.8 days.

Paramount Group Stock Performance

PGRE stock traded down $0.21 during trading hours on Friday, reaching $4.82. The stock had a trading volume of 1,217,454 shares, compared to its average volume of 940,140. The stock has a 50-day simple moving average of $5.03 and a 200 day simple moving average of $4.88. Paramount Group has a fifty-two week low of $4.21 and a fifty-two week high of $5.92. The stock has a market capitalization of $1.05 billion, a PE ratio of -4.92 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their target price on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th.

Institutional Investors Weigh In On Paramount Group

Large investors have recently modified their holdings of the business. BNP Paribas Financial Markets grew its position in shares of Paramount Group by 17.7% during the 1st quarter. BNP Paribas Financial Markets now owns 111,072 shares of the financial services provider’s stock worth $521,000 after buying an additional 16,717 shares during the period. ProShare Advisors LLC raised its position in shares of Paramount Group by 8.5% in the first quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider’s stock worth $156,000 after buying an additional 2,617 shares in the last quarter. Centersquare Investment Management LLC raised its holdings in shares of Paramount Group by 4.1% during the 1st quarter. Centersquare Investment Management LLC now owns 3,031,919 shares of the financial services provider’s stock valued at $14,068,000 after buying an additional 119,590 shares in the last quarter. Jupiter Asset Management Ltd. grew its position in Paramount Group by 7.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 9,077,760 shares of the financial services provider’s stock worth $42,575,000 after acquiring an additional 621,125 shares during the last quarter. Finally, MQS Management LLC increased its stake in shares of Paramount Group by 98.7% during the first quarter. MQS Management LLC now owns 27,514 shares of the financial services provider’s stock valued at $129,000 after buying an additional 13,665 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

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. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.