SG Americas Securities LLC Invests $136,000 in Paramount Group, Inc. (NYSE:PGRE)

SG Americas Securities LLC acquired a new stake in Paramount Group, Inc. (NYSE:PGRE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,685 shares of the financial services provider’s stock, valued at approximately $136,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Long Pond Capital LP increased its stake in Paramount Group by 131.4% during the second quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock worth $34,731,000 after acquiring an additional 4,259,635 shares during the last quarter. Millennium Management LLC increased its position in shares of Paramount Group by 4,007.2% during the 2nd quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock worth $4,417,000 after purchasing an additional 930,721 shares during the last quarter. Jupiter Asset Management Ltd. increased its position in shares of Paramount Group by 7.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 9,077,760 shares of the financial services provider’s stock worth $42,575,000 after purchasing an additional 621,125 shares during the last quarter. Swedbank AB purchased a new stake in Paramount Group in the 1st quarter valued at about $688,000. Finally, Centersquare Investment Management LLC lifted its position in Paramount Group by 4.1% in the first quarter. Centersquare Investment Management LLC now owns 3,031,919 shares of the financial services provider’s stock valued at $14,068,000 after buying an additional 119,590 shares during the last quarter. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Paramount Group Trading Down 2.5 %

Shares of NYSE PGRE opened at $5.07 on Friday. The company has a current ratio of 4.39, a quick ratio of 4.39 and a debt-to-equity ratio of 0.91. The stock has a market capitalization of $1.10 billion, a PE ratio of -5.17 and a beta of 1.25. Paramount Group, Inc. has a twelve month low of $4.06 and a twelve month high of $5.92. The stock has a fifty day simple moving average of $5.00 and a 200-day simple moving average of $4.84.

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.