Paramount Group, Inc. (NYSE:PGRE) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in Paramount Group, Inc. (NYSE:PGRE - Free Report) by 7.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 4,695,561 shares of the financial services provider's stock after acquiring an additional 345,450 shares during the quarter. Geode Capital Management LLC owned about 2.16% of Paramount Group worth $23,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in shares of Paramount Group by 6.5% during the second quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider's stock worth $4,829,000 after purchasing an additional 63,789 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Paramount Group by 7.0% in the 2nd 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. Arizona State Retirement System grew its stake in 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 buying an additional 3,873 shares during the last quarter. Ballentine Partners LLC increased its position in Paramount Group by 42.8% during the second quarter. Ballentine Partners LLC now owns 36,018 shares of the financial services provider's stock worth $167,000 after buying an additional 10,801 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake 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 buying an additional 15,806 shares during the last quarter. Institutional investors and hedge funds 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 report on Wednesday, September 11th.

Paramount Group Stock Performance

PGRE stock traded down $0.06 during trading on Friday, hitting $4.85. The company had a trading volume of 641,072 shares, compared to its average volume of 1,088,010. The firm has a 50-day moving average price of $4.93 and a 200-day moving average price of $4.92. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The firm has a market cap of $1.05 billion, a PE ratio of -4.95 and a beta of 1.23. Paramount Group, Inc. has a 1-year low of $4.21 and a 1-year high of $5.47.

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.