Van ECK Associates Corp Has $190,000 Stake in Paramount Group, Inc. (NYSE:PGRE)

Van ECK Associates Corp boosted its stake in Paramount Group, Inc. (NYSE:PGRE) by 9.5% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 36,906 shares of the financial services provider’s stock after buying an additional 3,187 shares during the period. Van ECK Associates Corp’s holdings in Paramount Group were worth $190,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of PGRE. 1620 Investment Advisors Inc. acquired a new stake in Paramount Group in the 2nd quarter valued at $52,000. Marshall Wace LLP acquired a new position in Paramount Group in the second quarter worth $74,000. MQS Management LLC boosted its stake in Paramount Group by 98.7% in the first quarter. MQS Management LLC now owns 27,514 shares of the financial services provider’s stock worth $129,000 after purchasing an additional 13,665 shares in the last quarter. SG Americas Securities LLC acquired a new position in Paramount Group in the third quarter worth $136,000. Finally, EntryPoint Capital LLC boosted its stake in Paramount Group by 148.7% in the first quarter. EntryPoint Capital LLC now owns 30,511 shares of the financial services provider’s stock worth $143,000 after purchasing an additional 18,245 shares in the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Price Performance

Paramount Group stock opened at $5.15 on Thursday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. Paramount Group, Inc. has a 52 week low of $4.21 and a 52 week high of $5.92. The firm has a market cap of $1.12 billion, a P/E ratio of -5.25 and a beta of 1.25. The business’s fifty day moving average is $5.03 and its two-hundred day moving average is $4.88.

Analysts Set New Price Targets

Separately, Wells Fargo & Company boosted their price objective on 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 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.