Nisa Investment Advisors LLC Has $291,000 Holdings in Paramount Group, Inc. (NYSE:PGRE)

Nisa Investment Advisors LLC trimmed its stake in Paramount Group, Inc. (NYSE:PGRE) by 48.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 59,166 shares of the financial services provider’s stock after selling 56,611 shares during the period. Nisa Investment Advisors LLC’s holdings in Paramount Group were worth $291,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its position 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 purchasing an additional 2,202 shares during the period. ProShare Advisors LLC increased its holdings in Paramount Group by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider’s stock valued at $156,000 after buying an additional 2,617 shares during the period. Bank of Montreal Can raised 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 buying an additional 2,811 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Paramount Group by 8.6% during the 2nd quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock worth $225,000 after acquiring an additional 3,873 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in shares of Paramount Group by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,156 shares of the financial services provider’s stock valued at $459,000 after acquiring an additional 4,197 shares in the last quarter. Institutional investors own 65.64% of the company’s stock.

Analysts Set New Price Targets

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

Paramount Group Stock Up 3.9 %

Shares of NYSE PGRE opened at $5.16 on Thursday. Paramount Group, Inc. has a 52-week low of $4.06 and a 52-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 business has a fifty day moving average of $5.01 and a two-hundred day moving average of $4.86. The stock has a market cap of $1.12 billion, a PE ratio of -5.26 and a beta of 1.25.

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.