Martingale Asset Management L P Has $1.22 Million Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Martingale Asset Management L P grew its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 247,309 shares of the financial services provider’s stock after purchasing an additional 7,501 shares during the quarter. Martingale Asset Management L P owned about 0.11% of Paramount Group worth $1,217,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. bought a new position in Paramount Group during the 2nd quarter worth approximately $52,000. Ground Swell Capital LLC bought a new position in Paramount Group during the 3rd quarter worth approximately $67,000. Marshall Wace LLP bought a new position in Paramount Group during the 2nd quarter worth approximately $74,000. Metis Global Partners LLC raised its holdings in Paramount Group by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 18,020 shares of the financial services provider’s stock worth $89,000 after purchasing an additional 5,039 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in Paramount Group during the 3rd quarter worth approximately $106,000. Institutional investors own 65.64% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company raised their price target on shares of Paramount Group from $3.50 to $4.00 and gave the stock an “underweight” rating in a report on Wednesday, September 11th.

Paramount Group Stock Performance

NYSE:PGRE opened at $4.86 on Monday. The company has a fifty day moving average of $5.00 and a 200-day moving average of $4.88. The firm has a market capitalization of $1.06 billion, a P/E ratio of -4.96 and a beta of 1.25. The company has a quick ratio of 4.45, a current ratio of 4.45 and a debt-to-equity ratio of 0.91. Paramount Group, Inc. has a twelve month low of $4.21 and a twelve month high of $5.92.

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. 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.