Daiwa Securities Group Inc. Has $294,000 Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Daiwa Securities Group Inc. grew its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 14.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 59,856 shares of the financial services provider’s stock after buying an additional 7,600 shares during the period. Daiwa Securities Group Inc.’s holdings in Paramount Group were worth $294,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PGRE. 1620 Investment Advisors Inc. acquired a new stake in Paramount Group in the 2nd quarter valued at $52,000. Ground Swell Capital LLC acquired a new position in shares of Paramount Group during the third quarter valued at about $67,000. Marshall Wace LLP acquired a new position in shares of Paramount Group during the second quarter valued at about $74,000. Metis Global Partners LLC increased its position in shares of Paramount Group by 38.8% during the third quarter. Metis Global Partners LLC now owns 18,020 shares of the financial services provider’s stock worth $89,000 after acquiring an additional 5,039 shares in the last quarter. Finally, Wolverine Asset Management LLC purchased a new stake in shares of Paramount Group in the third quarter worth approximately $106,000. 65.64% of the stock is owned by institutional investors and hedge funds.

Paramount Group Stock Down 0.6 %

Paramount Group stock opened at $4.86 on Monday. Paramount Group, Inc. has a fifty-two week low of $4.21 and a fifty-two week high of $5.92. 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 firm’s 50-day simple moving average is $5.00 and its 200 day simple moving average is $4.88. The stock has a market cap of $1.06 billion, a PE ratio of -4.96 and a beta of 1.25.

Analysts Set New Price Targets

Separately, Wells Fargo & Company lifted their target price 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.