Charles Schwab Investment Management Inc. Grows Stake in Paramount Group, Inc. (NYSE:PGRE)

Charles Schwab Investment Management Inc. increased its holdings in shares of Paramount Group, Inc. (NYSE:PGRE) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,756,225 shares of the financial services provider’s stock after purchasing an additional 152,622 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.19% of Paramount Group worth $24,590,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in PGRE. Daiwa Securities Group Inc. grew its position in shares of Paramount Group by 4.8% during the third quarter. Daiwa Securities Group Inc. now owns 52,856 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 2,441 shares in the last quarter. Nisa Investment Advisors LLC grew its holdings in Paramount Group by 5.6% during the 3rd quarter. Nisa Investment Advisors LLC now owns 78,886 shares of the financial services provider’s stock valued at $364,000 after buying an additional 4,192 shares in the last quarter. Principal Financial Group Inc. grew its holdings in Paramount Group by 39.2% during the 3rd quarter. Principal Financial Group Inc. now owns 27,359 shares of the financial services provider’s stock valued at $126,000 after buying an additional 7,702 shares in the last quarter. Ieq Capital LLC purchased a new position in Paramount Group during the 3rd quarter valued at approximately $48,000. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in Paramount Group by 4.3% during the 3rd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 93,182 shares of the financial services provider’s stock valued at $431,000 after buying an additional 3,863 shares in the last quarter. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Paramount Group Price Performance

Shares of Paramount Group stock opened at $4.47 on Friday. The stock has a market cap of $970.37 million, a price-to-earnings ratio of -3.85, a price-to-earnings-growth ratio of 0.23 and a beta of 1.20. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.03 and a current ratio of 4.03. The stock has a 50 day moving average price of $4.67 and a 200-day moving average price of $4.78. Paramount Group, Inc. has a one year low of $4.06 and a one year high of $5.92.

Paramount Group Dividend Announcement

The firm also recently declared 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. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date was Wednesday, March 27th. Paramount Group’s dividend payout ratio is currently -12.07%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on PGRE. Morgan Stanley cut their price target on Paramount Group from $4.70 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, March 28th. StockNews.com upgraded Paramount Group from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Evercore ISI upgraded Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 target price for the company in a report on Monday, March 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $4.60.

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.