Paramount Group (NYSE:PGRE) Sees Strong Trading Volume – What’s Next?

Paramount Group, Inc. (NYSE:PGRE) shares saw an uptick in trading volume on Thursday . 1,181,420 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 994,978 shares.The stock last traded at $4.92 and had previously closed at $4.55.

Paramount Group Trading Up 7.1 %

The firm has a market cap of $1.06 billion, a price-to-earnings ratio of -4.95 and a beta of 1.22. The business has a 50 day moving average price of $4.78 and a 200-day moving average price of $4.92. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Institutional Investors Weigh In On Paramount Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. grew its position in shares of Paramount Group by 226.0% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 4,950 shares in the last quarter. Point72 DIFC Ltd acquired a new position in Paramount Group in the third quarter worth $37,000. Greenleaf Trust bought a new stake in Paramount Group during the fourth quarter valued at $63,000. Quantinno Capital Management LP acquired a new stake in shares of Paramount Group during the third quarter worth $64,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Paramount Group in the 3rd quarter valued at about $67,000. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

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.