Nisa Investment Advisors LLC Has $597,000 Stock Holdings in Paramount Group, Inc. (NYSE:PGRE)

Nisa Investment Advisors LLC boosted its stake in Paramount Group, Inc. (NYSE:PGRE) by 46.5% in the fourth quarter, HoldingsChannel reports. The firm owned 115,554 shares of the financial services provider’s stock after acquiring an additional 36,668 shares during the period. Nisa Investment Advisors LLC’s holdings in Paramount Group were worth $597,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in PGRE. PNC Financial Services Group Inc. increased its holdings in Paramount Group by 35.7% in the second quarter. PNC Financial Services Group Inc. now owns 7,991 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 2,103 shares during the last quarter. FMR LLC increased its holdings in Paramount Group by 142.1% in the first quarter. FMR LLC now owns 7,909 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 4,642 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Paramount Group by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 8,278 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 6,379 shares during the last quarter. Ieq Capital LLC bought a new stake in Paramount Group in the third quarter valued at about $48,000. Finally, Wolverine Asset Management LLC bought a new stake in Paramount Group in the third quarter valued at about $52,000. Institutional investors own 65.64% of the company’s stock.

Paramount Group Stock Down 0.5 %

Shares of Paramount Group stock opened at $4.57 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 4.61 and a quick ratio of 4.61. The company has a market capitalization of $992.11 million, a P/E ratio of -3.80, a price-to-earnings-growth ratio of 0.25 and a beta of 1.22. Paramount Group, Inc. has a 1 year low of $4.06 and a 1 year high of $5.92. The business has a 50-day moving average of $4.60 and a two-hundred day moving average of $4.72.

Paramount Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a dividend of $0.035 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.07%. Paramount Group’s payout ratio is presently -11.67%.

Analyst Ratings Changes

A number of equities research analysts recently commented on PGRE shares. Evercore ISI upgraded Paramount Group from an “underperform” rating to an “in-line” rating and set a $5.00 price objective for the company in a report on Monday, March 18th. StockNews.com downgraded Paramount Group from a “hold” rating to a “sell” rating in a report on Monday, February 19th. Finally, Morgan Stanley lowered their price target on Paramount Group from $4.70 to $4.50 and set an “equal weight” rating for the company in a report on Thursday, March 28th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Paramount Group has a consensus rating of “Hold” and an average price target of $4.60.

Paramount Group Company 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.