Paramount Group (NYSE:PGRE) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Paramount Group, Inc. (NYSE:PGRE) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $4.83 and traded as low as $4.54. Paramount Group shares last traded at $4.56, with a volume of 753,525 shares changing hands.

Paramount Group Stock Performance

The stock has a market cap of $990.80 million, a price-to-earnings ratio of -4.65 and a beta of 1.22. The stock’s fifty day moving average is $4.83 and its 200-day moving average is $4.94. 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 Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Paramount Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock valued at $10,696,000 after buying an additional 15,806 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Paramount Group by 49.7% in the second quarter. Hsbc Holdings PLC now owns 298,932 shares of the financial services provider’s stock valued at $1,372,000 after buying an additional 99,220 shares during the period. Bank of Montreal Can boosted its holdings in shares of Paramount Group by 2.5% in the second quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider’s stock valued at $540,000 after buying an additional 2,811 shares during the period. Marshall Wace LLP acquired a new position in shares of Paramount Group in the second quarter valued at approximately $74,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Paramount Group in the second quarter valued at approximately $200,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

About Paramount Group

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.