Fmr LLC Acquires 6,768 Shares of Paramount Group, Inc. (NYSE:PGRE)

Fmr LLC boosted its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 42.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,695 shares of the financial services provider’s stock after buying an additional 6,768 shares during the quarter. Fmr LLC’s holdings in Paramount Group were worth $112,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of PGRE. Daiwa Securities Group Inc. increased its holdings in shares of Paramount Group by 14.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 59,856 shares of the financial services provider’s stock worth $294,000 after acquiring an additional 7,600 shares during the last quarter. Swedbank AB boosted its position in Paramount Group by 25.2% during the third quarter. Swedbank AB now owns 142,466 shares of the financial services provider’s stock worth $701,000 after purchasing an additional 28,650 shares during the period. Algert Global LLC increased its holdings in shares of Paramount Group by 2.3% in the third quarter. Algert Global LLC now owns 327,690 shares of the financial services provider’s stock valued at $1,612,000 after purchasing an additional 7,437 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of Paramount Group in the third quarter valued at about $175,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Paramount Group by 782.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock valued at $1,756,000 after purchasing an additional 316,399 shares during the period. Institutional investors own 65.64% of the company’s stock.

Analyst Upgrades and Downgrades

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

Paramount Group Stock Performance

NYSE:PGRE opened at $4.81 on Monday. The stock has a 50 day simple moving average of $4.96 and a 200 day simple moving average of $4.91. The stock has a market cap of $1.05 billion, a P/E ratio of -4.91 and a beta of 1.23. Paramount Group, Inc. has a 1-year low of $4.21 and a 1-year high of $5.47. 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 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.