UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 1,109,485 Shares of Paramount Group, Inc. (NYSE:PGRE)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 398.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,388,257 shares of the financial services provider’s stock after purchasing an additional 1,109,485 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.64% of Paramount Group worth $6,830,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of PGRE. Price T Rowe Associates Inc. MD increased its holdings 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 valued at $608,000 after purchasing an additional 6,583 shares during the period. 1620 Investment Advisors Inc. bought a new position in Paramount Group in the 2nd quarter valued at about $52,000. Bank of New York Mellon Corp lifted its position in shares of 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 lifted its position 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 buying an additional 2,202 shares in the last quarter. Finally, Arizona State Retirement System increased its stake in shares of Paramount Group by 8.6% during 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. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Paramount Group Stock Down 2.3 %

Shares of NYSE:PGRE opened at $4.88 on Wednesday. The firm has a fifty day moving average price of $4.97 and a two-hundred day moving average price of $4.89. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. Paramount Group, Inc. has a one year low of $4.21 and a one year high of $5.92. The company has a market cap of $1.06 billion, a price-to-earnings ratio of -4.97 and a beta of 1.24.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their price target 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 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.