35,624 Shares in Paramount Group, Inc. (NYSE:PGRE) Purchased by Intech Investment Management LLC

Intech Investment Management LLC purchased a new stake in shares of Paramount Group, Inc. (NYSE:PGRE) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 35,624 shares of the financial services provider’s stock, valued at approximately $175,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of PGRE. Long Pond Capital LP increased its stake in shares of 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 valued at $34,731,000 after buying an additional 4,259,635 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Paramount Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock valued at $10,696,000 after acquiring an additional 15,806 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Paramount Group by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock valued at $4,829,000 after acquiring an additional 63,789 shares in the last quarter. Millennium Management LLC increased its position in 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 valued at $4,417,000 after purchasing an additional 930,721 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Paramount Group by 782.7% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 356,825 shares of the financial services provider’s stock worth $1,756,000 after purchasing an additional 316,399 shares in the last quarter. Institutional investors own 65.64% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company lifted 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 Trading Up 0.2 %

PGRE opened at $4.81 on Friday. 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 52 week low of $4.21 and a 52 week high of $5.92. The stock has a market cap of $1.05 billion, a PE ratio of -4.91 and a beta of 1.23. The business has a 50 day moving average of $4.97 and a 200-day moving average of $4.88.

About Paramount Group

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.