Paramount Group, Inc. (NYSE:PGRE) Shares Purchased by MQS Management LLC

MQS Management LLC increased its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 79.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,175 shares of the financial services provider’s stock after purchasing an additional 17,383 shares during the quarter. MQS Management LLC’s holdings in Paramount Group were worth $193,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Swedbank AB acquired a new stake in shares of Paramount Group during the first quarter worth about $688,000. BNP Paribas Financial Markets lifted its holdings in shares of Paramount Group by 17.7% during the first quarter. BNP Paribas Financial Markets now owns 111,072 shares of the financial services provider’s stock worth $521,000 after purchasing an additional 16,717 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Paramount Group by 5.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 129,471 shares of the financial services provider’s stock worth $608,000 after purchasing an additional 6,583 shares during the period. Millennium Management LLC lifted its holdings in Paramount Group by 4,007.2% in the second quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock valued at $4,417,000 after acquiring an additional 930,721 shares during the period. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Paramount Group by 23.1% in the first quarter. B. Riley Wealth Advisors Inc. now owns 160,000 shares of the financial services provider’s stock valued at $745,000 after acquiring an additional 30,000 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Wall Street Analyst Weigh In

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

Paramount Group Trading Down 4.1 %

Shares of NYSE:PGRE opened at $4.83 on Friday. Paramount Group, Inc. has a 12-month low of $4.21 and a 12-month high of $5.92. The company has a market capitalization of $1.05 billion, a PE ratio of -4.92 and a beta of 1.25. The business has a 50 day moving average of $5.03 and a two-hundred day moving average of $4.88. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91.

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.