Quantinno Capital Management LP Acquires New Shares in Paramount Group, Inc. (NYSE:PGRE)

Quantinno Capital Management LP bought a new position in Paramount Group, Inc. (NYSE:PGRE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,926 shares of the financial services provider’s stock, valued at approximately $64,000.

A number of other hedge funds also recently added to or reduced their stakes in PGRE. Point72 Asia Singapore Pte. Ltd. boosted its position in shares of Paramount Group by 226.0% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after buying an additional 4,950 shares during the period. Point72 DIFC Ltd acquired a new position in Paramount Group during the 3rd quarter worth $37,000. 1620 Investment Advisors Inc. acquired a new position in shares of Paramount Group during the second quarter valued at $52,000. Ground Swell Capital LLC acquired a new position in shares of Paramount Group during the third quarter valued at $67,000. Finally, Marshall Wace LLP bought a new stake in shares of Paramount Group during the second quarter valued at about $74,000. 65.64% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Paramount Group Stock Up 0.4 %

Shares of PGRE stock opened at $4.95 on Wednesday. Paramount Group, Inc. has a 1 year low of $4.21 and a 1 year high of $5.60. 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 is $4.98 and its 200-day moving average is $4.90. The stock has a market cap of $1.08 billion, a PE ratio of -5.02 and a beta of 1.23.

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.