Sumitomo Mitsui DS Asset Management Company Ltd Has $223,000 Position in Paramount Group, Inc. (NYSE:PGRE)

Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 92.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 45,423 shares of the financial services provider’s stock after buying an additional 21,846 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Paramount Group were worth $223,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp lifted its stake in shares of Paramount Group by 7.0% during the second quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 2,202 shares during the period. ProShare Advisors LLC lifted its position in Paramount Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 2,617 shares during the period. Bank of Montreal Can boosted its stake in shares of Paramount Group by 2.5% in the 2nd quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 2,811 shares during the last quarter. Ballentine Partners LLC grew its position in shares of 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 buying an additional 3,789 shares during the period. Finally, Arizona State Retirement System raised its stake in shares of Paramount Group by 8.6% during the second quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock worth $225,000 after buying an additional 3,873 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Wells Fargo & Company lifted their target price on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Based on data from MarketBeat, Paramount Group currently has a consensus rating of “Hold” and a consensus price target of $4.38.

Paramount Group Stock Performance

Shares of NYSE:PGRE opened at $5.14 on Thursday. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of -5.24 and a beta of 1.25. The firm’s 50 day simple moving average is $4.99 and its 200 day simple moving average is $4.83. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.39 and a quick ratio of 4.39. Paramount Group, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $5.92.

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.