Paramount Group, Inc. (NYSE:PGRE) Shares Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC boosted its stake in Paramount Group, Inc. (NYSE:PGRE) by 46.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,554 shares of the financial services provider’s stock after buying an additional 36,668 shares during the period. Nisa Investment Advisors LLC owned 0.05% of Paramount Group worth $597,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in PGRE. PNC Financial Services Group Inc. increased its position in Paramount Group by 35.7% in the second quarter. PNC Financial Services Group Inc. now owns 7,991 shares of the financial services provider’s stock worth $35,000 after buying an additional 2,103 shares during the period. FMR LLC grew its stake in shares of Paramount Group by 142.1% in the first quarter. FMR LLC now owns 7,909 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 4,642 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Paramount Group by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 8,278 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 6,379 shares in the last quarter. Ieq Capital LLC bought a new position in shares of Paramount Group in the third quarter worth $48,000. Finally, Wolverine Asset Management LLC bought a new position in shares of Paramount Group in the third quarter worth $52,000. 65.64% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on PGRE shares. Morgan Stanley decreased their price target on Paramount Group from $4.70 to $4.50 and set an “equal weight” rating for the company in a research note on Thursday, March 28th. Evercore ISI raised Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price target for the company in a research note on Monday, March 18th. Finally, StockNews.com cut Paramount Group from a “hold” rating to a “sell” rating in a research note on Monday, February 19th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.60.

Paramount Group Trading Down 0.5 %

Shares of PGRE stock opened at $4.57 on Wednesday. The stock has a 50-day simple moving average of $4.60 and a 200 day simple moving average of $4.72. Paramount Group, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $5.92. The stock has a market capitalization of $992.11 million, a P/E ratio of -3.80, a P/E/G ratio of 0.25 and a beta of 1.22. The company has a quick ratio of 4.61, a current ratio of 4.61 and a debt-to-equity ratio of 0.95.

Paramount Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.14 annualized dividend and a yield of 3.07%. Paramount Group’s dividend payout ratio is currently -11.67%.

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.