Paramount Group, Inc. (NYSE:PGRE) Stock Position Lifted by Barclays PLC

Barclays PLC boosted its stake in Paramount Group, Inc. (NYSE:PGRE) by 95.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 455,700 shares of the financial services provider’s stock after buying an additional 222,656 shares during the quarter. Barclays PLC owned approximately 0.21% of Paramount Group worth $2,242,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. increased its stake in shares of Paramount Group by 226.0% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after acquiring an additional 4,950 shares during the last quarter. Point72 DIFC Ltd purchased a new position in Paramount Group in the third quarter valued at about $37,000. Quantinno Capital Management LP acquired a new position in Paramount Group in the 3rd quarter worth about $64,000. Ground Swell Capital LLC purchased a new stake in shares of Paramount Group during the 3rd quarter worth about $67,000. Finally, Marshall Wace LLP acquired a new stake in shares of Paramount Group during the 2nd quarter valued at about $74,000. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Trading Up 1.3 %

Paramount Group stock opened at $4.85 on Thursday. Paramount Group, Inc. has a one year low of $4.21 and a one year high of $5.47. The company’s fifty day moving average price is $4.95 and its two-hundred day moving average price is $4.91. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of -4.95 and a beta of 1.24.

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.

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.