Point72 DIFC Ltd Takes $37,000 Position in Paramount Group, Inc. (NYSE:PGRE)

Point72 DIFC Ltd purchased a new position in shares of Paramount Group, Inc. (NYSE:PGRE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 7,545 shares of the financial services provider’s stock, valued at approximately $37,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its stake in Paramount Group by 5.4% in 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 in the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Paramount Group in the second quarter valued at about $52,000. Bank of New York Mellon Corp lifted its position in Paramount Group by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock worth $4,829,000 after buying an additional 63,789 shares in the last quarter. Van ECK Associates Corp grew its holdings in Paramount Group by 7.0% during the 2nd quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider’s stock worth $156,000 after acquiring an additional 2,202 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Paramount Group by 8.6% in the 2nd quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 3,873 shares in the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.

Paramount Group Trading Up 3.6 %

Shares of PGRE opened at $4.99 on Tuesday. The stock’s fifty day simple moving average is $4.97 and its 200-day simple moving average is $4.89. The firm has a market capitalization of $1.08 billion, a PE ratio of -5.09 and a beta of 1.24. Paramount Group, Inc. has a 12-month low of $4.21 and a 12-month high of $5.92. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

Analyst Ratings Changes

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

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.