Paramount Group, Inc. (NYSE:PGRE) Stock Holdings Lessened by Principal Financial Group Inc.

Principal Financial Group Inc. cut its holdings in Paramount Group, Inc. (NYSE:PGRE) by 28.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 12,864 shares of the financial services provider’s stock after selling 5,228 shares during the period. Principal Financial Group Inc.’s holdings in Paramount Group were worth $63,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp boosted its holdings in shares of Paramount Group by 7.0% in the second quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider’s stock valued at $156,000 after acquiring an additional 2,202 shares in the last quarter. ProShare Advisors LLC boosted its stake in Paramount Group by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 33,259 shares of the financial services provider’s stock valued at $156,000 after purchasing an additional 2,617 shares in the last quarter. 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 worth $540,000 after buying an additional 2,811 shares in the last quarter. abrdn plc lifted its holdings in shares of Paramount Group by 10.5% in the third quarter. abrdn plc now owns 36,830 shares of the financial services provider’s stock valued at $181,000 after buying an additional 3,514 shares during the period. Finally, Arizona State Retirement System boosted its stake in Paramount Group by 8.6% during the second quarter. Arizona State Retirement System now owns 48,673 shares of the financial services provider’s stock valued at $225,000 after buying an additional 3,873 shares in the last quarter. Institutional investors own 65.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price objective 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.

Paramount Group Trading Up 0.8 %

Shares of NYSE:PGRE opened at $4.88 on Wednesday. The firm has a fifty day moving average of $5.01 and a two-hundred day moving average of $4.88. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a 12-month low of $4.21 and a 12-month high of $5.92. The firm has a market capitalization of $1.06 billion, a P/E ratio of -4.98 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.