Quadrature Capital Ltd Grows Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Quadrature Capital Ltd increased its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 202.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 71,073 shares of the financial services provider’s stock after buying an additional 47,586 shares during the period. Quadrature Capital Ltd’s holdings in Paramount Group were worth $367,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Heitman Real Estate Securities LLC boosted its holdings in Paramount Group by 4.8% during the fourth quarter. Heitman Real Estate Securities LLC now owns 246,884 shares of the financial services provider’s stock worth $1,276,000 after buying an additional 11,375 shares in the last quarter. Centersquare Investment Management LLC purchased a new stake in shares of Paramount Group in the fourth quarter valued at about $15,057,000. Evoke Wealth LLC purchased a new stake in shares of Paramount Group in the fourth quarter valued at about $299,000. Allianz Asset Management GmbH lifted its holdings in shares of Paramount Group by 48.6% in the fourth quarter. Allianz Asset Management GmbH now owns 585,079 shares of the financial services provider’s stock valued at $3,025,000 after purchasing an additional 191,454 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its holdings in shares of Paramount Group by 9.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 198,200 shares of the financial services provider’s stock valued at $1,025,000 after purchasing an additional 16,300 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Paramount Group Stock Performance

Shares of PGRE stock opened at $4.59 on Tuesday. Paramount Group, Inc. has a one year low of $4.06 and a one year high of $5.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.03 and a current ratio of 4.03. The company has a 50 day moving average price of $4.64 and a 200 day moving average price of $4.76. The firm has a market capitalization of $997.54 million, a price-to-earnings ratio of -3.96, a price-to-earnings-growth ratio of 0.23 and a beta of 1.23.

Paramount Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.035 per share. This represents a $0.14 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, June 28th. Paramount Group’s dividend payout ratio (DPR) is -12.07%.

Analysts Set New Price Targets

PGRE has been the topic of several recent research reports. Morgan Stanley reduced their price target on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. StockNews.com raised shares of Paramount Group from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Evercore ISI raised shares of Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price objective for the company in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $4.60.

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.