Paramount Group, Inc. (NYSE:PGRE) Shares Purchased by Barclays PLC

Barclays PLC grew its stake in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 95.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 455,700 shares of the financial services provider's stock after purchasing an additional 222,656 shares during the quarter. Barclays PLC owned approximately 0.21% of Paramount Group worth $2,242,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp grew its stake in Paramount Group by 7.0% during the 2nd quarter. Van ECK Associates Corp now owns 33,719 shares of the financial services provider's stock worth $156,000 after buying an additional 2,202 shares during the last quarter. Bank of Montreal Can grew its position in shares of Paramount Group by 2.5% during the second quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider's stock worth $540,000 after acquiring an additional 2,811 shares during the last quarter. Quadrature Capital Ltd increased its holdings in shares of Paramount Group by 19.4% in the 3rd quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider's stock worth $87,000 after acquiring an additional 2,864 shares during the period. abrdn plc lifted its position in Paramount Group by 10.5% in the 3rd quarter. abrdn plc now owns 36,830 shares of the financial services provider's stock valued at $181,000 after purchasing an additional 3,514 shares during the last quarter. Finally, Arizona State Retirement System boosted 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 valued at $225,000 after purchasing an additional 3,873 shares during the period. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company raised their price target 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 Stock Performance

Shares of PGRE traded up $0.06 during trading hours on Thursday, reaching $4.91. 657,093 shares of the company's stock traded hands, compared to its average volume of 1,089,805. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -5.01 and a beta of 1.24. The business's fifty day simple moving average is $4.94 and its two-hundred day simple moving average is $4.91. Paramount Group, Inc. has a twelve month low of $4.21 and a twelve month high of $5.47. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45.

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.