Paramount Group, Inc. (NYSE:PGRE) Holdings Raised by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in Paramount Group, Inc. (NYSE:PGRE) by 7.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,695,561 shares of the financial services provider’s stock after purchasing an additional 345,450 shares during the quarter. Geode Capital Management LLC owned 2.16% of Paramount Group worth $23,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in Paramount Group by 95.5% in the 3rd quarter. Barclays PLC now owns 455,700 shares of the financial services provider’s stock worth $2,242,000 after purchasing an additional 222,656 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Paramount Group by 11.0% in the third quarter. Public Employees Retirement System of Ohio now owns 271,692 shares of the financial services provider’s stock worth $1,337,000 after buying an additional 26,878 shares during the period. Nomura Asset Management Co. Ltd. grew its holdings in shares of Paramount Group by 13.9% during the third quarter. Nomura Asset Management Co. Ltd. now owns 236,200 shares of the financial services provider’s stock valued at $1,162,000 after buying an additional 28,900 shares in the last quarter. Zacks Investment Management acquired a new position in Paramount Group during the third quarter valued at $122,000. Finally, Jane Street Group LLC grew its stake in Paramount Group by 94.8% during the 3rd quarter. Jane Street Group LLC now owns 350,559 shares of the financial services provider’s stock valued at $1,725,000 after acquiring an additional 170,639 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Paramount Group Stock Down 1.2 %

Shares of PGRE opened at $4.85 on Friday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of -4.95 and a beta of 1.23. Paramount Group, Inc. has a 52 week low of $4.21 and a 52 week high of $5.47. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The business’s fifty day moving average price is $4.93 and its two-hundred day moving average price is $4.91.

Wall Street Analysts Forecast Growth

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

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. 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.