Teacher Retirement System of Texas Decreases Stock Position in Paramount Group, Inc. (NYSE:PGRE)

Teacher Retirement System of Texas cut its holdings in Paramount Group, Inc. (NYSE:PGREFree Report) by 53.0% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,621 shares of the financial services provider’s stock after selling 33,393 shares during the period. Teacher Retirement System of Texas’ holdings in Paramount Group were worth $153,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in PGRE. Caxton Associates LP increased its stake in shares of Paramount Group by 10.0% during the 3rd quarter. Caxton Associates LP now owns 34,882 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 3,163 shares during the last quarter. Swiss National Bank lifted its position in Paramount Group by 1.0% during the 3rd quarter. Swiss National Bank now owns 358,143 shares of the financial services provider’s stock worth $1,655,000 after acquiring an additional 3,500 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in shares of Paramount Group by 4.3% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 93,182 shares of the financial services provider’s stock worth $431,000 after purchasing an additional 3,863 shares in the last quarter. Van ECK Associates Corp increased 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 buying an additional 4,026 shares during the period. Finally, New York State Common Retirement Fund increased its stake in shares of Paramount Group by 9.1% in the fourth quarter. New York State Common Retirement Fund now owns 77,454 shares of the financial services provider’s stock worth $400,000 after buying an additional 6,444 shares during the last quarter. 65.64% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PGRE has been the subject of several research analyst reports. StockNews.com raised Paramount Group from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Morgan Stanley reduced their price objective on 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. Finally, Evercore ISI upgraded Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price objective on the stock in a research note on Monday, March 18th. Two 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $4.60.

View Our Latest Research Report on PGRE

Paramount Group Price Performance

Shares of NYSE PGRE opened at $4.51 on Friday. The firm’s 50-day simple moving average is $4.64 and its 200 day simple moving average is $4.77. The stock has a market cap of $980.16 million, a P/E ratio of -3.89, a P/E/G ratio of 0.22 and a beta of 1.20. Paramount Group, Inc. has a fifty-two week low of $4.06 and a fifty-two week high of $5.92. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.90.

Paramount Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.14 dividend on an annualized basis and a yield of 3.10%. Paramount Group’s payout ratio is presently -12.07%.

Paramount Group Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding PGRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paramount Group, Inc. (NYSE:PGREFree Report).

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

Receive News & Ratings for Paramount Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Paramount Group and related companies with MarketBeat.com's FREE daily email newsletter.