Nisa Investment Advisors LLC Has $291,000 Position in Paramount Group, Inc. (NYSE:PGRE)

Nisa Investment Advisors LLC cut its stake in shares of Paramount Group, Inc. (NYSE:PGRE) by 48.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 59,166 shares of the financial services provider’s stock after selling 56,611 shares during the period. Nisa Investment Advisors LLC’s holdings in Paramount Group were worth $291,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in PGRE. Jupiter Asset Management Ltd. raised its stake in shares of Paramount Group by 7.3% during the 1st quarter. Jupiter Asset Management Ltd. now owns 9,077,760 shares of the financial services provider’s stock worth $42,575,000 after purchasing an additional 621,125 shares in the last quarter. Long Pond Capital LP raised its position in Paramount Group by 131.4% during the second quarter. Long Pond Capital LP now owns 7,501,361 shares of the financial services provider’s stock valued at $34,731,000 after acquiring an additional 4,259,635 shares in the last quarter. Centersquare Investment Management LLC lifted its stake in Paramount Group by 4.1% in the first quarter. Centersquare Investment Management LLC now owns 3,031,919 shares of the financial services provider’s stock valued at $14,068,000 after acquiring an additional 119,590 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Paramount Group by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 2,310,207 shares of the financial services provider’s stock worth $10,696,000 after acquiring an additional 15,806 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Paramount Group by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 1,043,027 shares of the financial services provider’s stock worth $4,829,000 after acquiring an additional 63,789 shares in the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Stock Up 3.9 %

Shares of Paramount Group stock opened at $5.16 on Thursday. Paramount Group, Inc. has a 12-month low of $4.06 and a 12-month high of $5.92. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. The stock has a 50 day moving average price of $5.01 and a two-hundred day moving average price of $4.86. The stock has a market capitalization of $1.12 billion, a P/E ratio of -5.26 and a beta of 1.25.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their price objective 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. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $4.38.

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. 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.