Paramount Group, Inc. (NYSE:PGRE) Shares Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in Paramount Group, Inc. (NYSE:PGRE) by 11.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 271,692 shares of the financial services provider’s stock after buying an additional 26,878 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Paramount Group were worth $1,337,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its stake in Paramount Group by 7.0% in the 2nd quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 2,202 shares during the period. Bank of Montreal Can boosted its stake in Paramount Group by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider’s stock worth $540,000 after purchasing an additional 2,811 shares during the period. Quadrature Capital Ltd boosted its stake in Paramount Group by 19.4% in the 3rd quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 2,864 shares during the period. abrdn plc boosted its stake in Paramount Group by 10.5% in the 3rd quarter. abrdn plc now owns 36,830 shares of the financial services provider’s stock worth $181,000 after purchasing an additional 3,514 shares during the period. Finally, Arizona State Retirement System boosted its stake 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 worth $225,000 after purchasing an additional 3,873 shares during the period. Institutional investors and hedge funds own 65.64% of the company’s stock.

Analysts Set New Price Targets

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

Paramount Group Trading Down 5.9 %

Shares of NYSE:PGRE opened at $4.66 on Thursday. The firm has a fifty day moving average of $4.97 and a two-hundred day moving average of $4.90. The firm has a market capitalization of $1.01 billion, a P/E ratio of -4.76 and a beta of 1.23. Paramount Group, Inc. has a 12-month low of $4.21 and a 12-month high of $5.53. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91.

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.