Paramount Group, Inc. (NYSE:PGRE) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. trimmed its holdings in Paramount Group, Inc. (NYSE:PGRE) by 18.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,000 shares of the financial services provider’s stock after selling 30,000 shares during the period. B. Riley Wealth Advisors Inc. owned 0.06% of Paramount Group worth $606,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in PGRE. Allianz Asset Management GmbH raised its holdings in shares of Paramount Group by 48.6% in the 4th quarter. Allianz Asset Management GmbH now owns 585,079 shares of the financial services provider’s stock worth $3,025,000 after purchasing an additional 191,454 shares during the period. Heitman Real Estate Securities LLC increased its holdings in Paramount Group by 4.8% during the 4th quarter. Heitman Real Estate Securities LLC now owns 246,884 shares of the financial services provider’s stock worth $1,276,000 after purchasing an additional 11,375 shares during the last quarter. Quadrature Capital Ltd increased its holdings in Paramount Group by 202.6% during the 4th quarter. Quadrature Capital Ltd now owns 71,073 shares of the financial services provider’s stock worth $367,000 after purchasing an additional 47,586 shares during the last quarter. Ballentine Partners LLC increased its holdings in Paramount Group by 17.7% during the 1st quarter. Ballentine Partners LLC now owns 25,217 shares of the financial services provider’s stock worth $118,000 after purchasing an additional 3,789 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Paramount Group by 17.7% in the 1st quarter. BNP Paribas Financial Markets now owns 111,072 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 16,717 shares in the last quarter. 65.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted their target price on Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.70.

Paramount Group Trading Up 1.0 %

NYSE:PGRE opened at $4.87 on Friday. Paramount Group, Inc. has a 12-month low of $4.06 and a 12-month high of $5.92. The firm has a market capitalization of $1.06 billion, a P/E ratio of -4.20, a P/E/G ratio of 0.24 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.39 and a quick ratio of 4.39. The business has a 50 day simple moving average of $4.92 and a 200 day simple moving average of $4.79.

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.