Barings LLC Has $21.03 Million Holdings in Paramount Group Inc (PGRE)

Barings LLC reduced its position in Paramount Group Inc (NYSE:PGRE) by 1.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,326,670 shares of the financial services provider’s stock after selling 26,130 shares during the period. Barings LLC owned approximately 0.55% of Paramount Group worth $21,028,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of PGRE. Northern Trust Corp lifted its position in shares of Paramount Group by 31.3% during the second quarter. Northern Trust Corp now owns 1,894,274 shares of the financial services provider’s stock worth $30,309,000 after purchasing an additional 451,599 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Paramount Group by 28,976.5% during the third quarter. Asset Management One Co. Ltd. now owns 431,204 shares of the financial services provider’s stock worth $6,868,000 after purchasing an additional 429,721 shares during the last quarter. Long Pond Capital LP lifted its position in shares of Paramount Group by 2.9% during the third quarter. Long Pond Capital LP now owns 14,606,205 shares of the financial services provider’s stock worth $233,699,000 after purchasing an additional 406,833 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Paramount Group by 15.2% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,176,239 shares of the financial services provider’s stock worth $34,820,000 after purchasing an additional 287,309 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. lifted its position in shares of Paramount Group by 8.7% during the third quarter. Duff & Phelps Investment Management Co. now owns 3,390,902 shares of the financial services provider’s stock worth $54,254,000 after purchasing an additional 271,900 shares during the last quarter. 60.91% of the stock is owned by institutional investors.

Paramount Group Inc (NYSE:PGRE) opened at $14.20 on Wednesday. Paramount Group Inc has a twelve month low of $13.70 and a twelve month high of $17.58. The stock has a market cap of $3,411.45, a PE ratio of 38.38, a price-to-earnings-growth ratio of 3.05 and a beta of 0.67.

Several brokerages have recently commented on PGRE. TheStreet cut shares of Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Zacks Investment Research cut shares of Paramount Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, Goldman Sachs Group raised shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 target price on the stock in a report on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Paramount Group presently has a consensus rating of “Hold” and a consensus target price of $16.60.

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About Paramount Group

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)

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