Paramount Group, Inc. (NYSE:PGRE) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Paramount Group, Inc. (NYSE:PGRE) by 10.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 321,143 shares of the financial services provider’s stock after selling 37,000 shares during the quarter. Swiss National Bank owned 0.15% of Paramount Group worth $1,660,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in PGRE. Ieq Capital LLC acquired a new stake in Paramount Group during the 3rd quarter worth $48,000. Wolverine Asset Management LLC acquired a new stake in Paramount Group during the 3rd quarter worth $52,000. Paces Ferry Wealth Advisors LLC acquired a new stake in Paramount Group during the 3rd quarter worth $54,000. Ballentine Partners LLC acquired a new stake in Paramount Group during the 4th quarter worth $111,000. Finally, Van ECK Associates Corp boosted its stake in Paramount Group by 19.4% during the 3rd quarter. Van ECK Associates Corp now owns 24,793 shares of the financial services provider’s stock worth $114,000 after purchasing an additional 4,026 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Analyst Ratings Changes

PGRE has been the topic of several recent research reports. Morgan Stanley lowered their target price on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research note on Thursday, March 28th. Evercore ISI raised shares of Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price target on the stock in a research report on Monday, March 18th. Finally, StockNews.com raised shares of Paramount Group from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $4.60.

Paramount Group Price Performance

Shares of PGRE opened at $4.47 on Monday. The firm has a market cap of $971.47 million, a P/E ratio of -3.85, a price-to-earnings-growth ratio of 0.22 and a beta of 1.20. Paramount Group, Inc. has a 12-month low of $4.06 and a 12-month high of $5.92. The company’s 50-day moving average price is $4.67 and its 200 day moving average price is $4.78. The company has a current ratio of 4.03, a quick ratio of 4.03 and a debt-to-equity ratio of 0.90.

Paramount Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.035 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.14 annualized dividend and a yield of 3.13%. Paramount Group’s dividend payout ratio (DPR) is currently -12.07%.

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.