Nomura Asset Management Co. Ltd. Acquires 28,900 Shares of Paramount Group, Inc. (NYSE:PGRE)

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 13.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 236,200 shares of the financial services provider’s stock after acquiring an additional 28,900 shares during the period. Nomura Asset Management Co. Ltd. owned 0.11% of Paramount Group worth $1,162,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in PGRE. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Paramount Group by 782.7% during the third 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 during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Paramount Group by 398.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,388,257 shares of the financial services provider’s stock worth $6,830,000 after buying an additional 1,109,485 shares during the last quarter. Millennium Management LLC boosted its holdings in Paramount Group by 4,007.2% during the second quarter. Millennium Management LLC now owns 953,947 shares of the financial services provider’s stock worth $4,417,000 after buying an additional 930,721 shares during the last quarter. Long Pond Capital LP grew its position in shares of Paramount Group by 131.4% during the 2nd quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock worth $34,731,000 after buying an additional 4,259,635 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in shares of Paramount Group by 92.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,423 shares of the financial services provider’s stock valued at $223,000 after acquiring an additional 21,846 shares during the last quarter. Institutional investors own 65.64% of the company’s stock.

Paramount Group Stock Performance

PGRE stock opened at $4.90 on Friday. Paramount Group, Inc. has a 1-year low of $4.21 and a 1-year high of $5.92. The company has a current ratio of 4.45, a quick ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.07 billion, a PE ratio of -5.00 and a beta of 1.23. The business’s 50-day moving average price is $4.97 and its two-hundred day moving average price is $4.90.

Analysts Set New Price Targets

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

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.