MQS Management LLC Has $101,000 Stock Position in Paramount Group, Inc. (NYSE:PGRE)

MQS Management LLC lessened its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 20.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,792 shares of the financial services provider’s stock after selling 5,722 shares during the period. MQS Management LLC’s holdings in Paramount Group were worth $101,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Hsbc Holdings PLC raised its holdings in shares of Paramount Group by 49.7% during the second quarter. Hsbc Holdings PLC now owns 298,932 shares of the financial services provider’s stock valued at $1,372,000 after acquiring an additional 99,220 shares during the period. Dimensional Fund Advisors LP grew its stake in Paramount Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock valued at $10,696,000 after purchasing an additional 15,806 shares in the last quarter. Ballentine Partners LLC increased its position in Paramount Group by 42.8% in the 2nd quarter. Ballentine Partners LLC now owns 36,018 shares of the financial services provider’s stock worth $167,000 after purchasing an additional 10,801 shares during the last quarter. 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 worth $225,000 after purchasing an additional 3,873 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of 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 purchasing an additional 2,202 shares in the last quarter. 65.64% of the stock is owned by hedge funds and other institutional investors.

Paramount Group Price Performance

Shares of NYSE:PGRE opened at $5.02 on Friday. The stock has a market capitalization of $1.09 billion, a P/E ratio of -4.33, a P/E/G ratio of 0.25 and a beta of 1.25. The business has a 50-day moving average of $4.98 and a two-hundred day moving average of $4.76. Paramount Group, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $5.92. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.39 and a quick ratio of 4.39.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company increased their price objective on Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $4.70.

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.