Paramount Group, Inc. (NYSE:PGRE) Stock Position Lifted by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Paramount Group, Inc. (NYSE:PGRE - Free Report) by 398.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,388,257 shares of the financial services provider's stock after buying an additional 1,109,485 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.64% of Paramount Group worth $6,830,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Van ECK Associates Corp increased its position 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 buying an additional 2,202 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of Paramount Group by 2.5% in the second quarter. Bank of Montreal Can now owns 116,636 shares of the financial services provider's stock valued at $540,000 after purchasing an additional 2,811 shares in the last quarter. abrdn plc grew its position 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 purchasing an additional 3,514 shares during the last quarter. Arizona State Retirement System increased its stake in shares of 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 purchasing an additional 3,873 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Paramount Group by 4.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 99,156 shares of the financial services provider's stock worth $459,000 after purchasing an additional 4,197 shares during the last quarter. Hedge funds and other institutional investors own 65.64% of the company's stock.

Paramount Group Trading Up 0.2 %

PGRE stock traded up $0.01 during midday trading on Wednesday, reaching $4.88. 697,322 shares of the company's stock traded hands, compared to its average volume of 1,082,126. Paramount Group, Inc. has a fifty-two week low of $4.21 and a fifty-two week high of $5.92. The business has a 50-day moving average price of $4.97 and a two-hundred day moving average price of $4.89. The company has a market capitalization of $1.06 billion, a P/E ratio of -4.98 and a beta of 1.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.45 and a quick ratio of 4.45.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company boosted 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 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.