Paramount Group, Inc. (NYSE:PGRE) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Paramount Group, Inc. (NYSE:PGRE) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 79,107 shares of the financial services provider’s stock after selling 2,548 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Paramount Group were worth $409,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PGRE. Rush Island Management LP purchased a new position in Paramount Group during the 3rd quarter worth approximately $8,379,000. Jupiter Asset Management Ltd. lifted its position in Paramount Group by 4.7% during the third quarter. Jupiter Asset Management Ltd. now owns 8,932,443 shares of the financial services provider’s stock valued at $41,268,000 after purchasing an additional 400,000 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Paramount Group by 5.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,603,603 shares of the financial services provider’s stock valued at $21,269,000 after purchasing an additional 250,210 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in Paramount Group during the 3rd quarter worth about $1,155,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of Paramount Group during the 3rd quarter valued at about $745,000. Hedge funds and other institutional investors own 65.64% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. StockNews.com upgraded Paramount Group from a “sell” rating to a “hold” rating in a research note on Friday. Evercore ISI raised shares of 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. Finally, Morgan Stanley lowered their price target on shares of Paramount Group from $4.70 to $4.50 and set an “equal weight” rating on the stock in a report on Thursday, March 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $4.60.

Paramount Group Stock Up 0.2 %

Paramount Group stock opened at $4.81 on Friday. Paramount Group, Inc. has a 12 month low of $4.06 and a 12 month high of $5.92. The stock has a market capitalization of $1.05 billion, a PE ratio of -4.15, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. 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 business has a 50 day simple moving average of $4.60 and a 200-day simple moving average of $4.74.

Paramount Group Dividend Announcement

The business 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. This represents a $0.14 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend was Wednesday, March 27th. Paramount Group’s dividend payout ratio is presently -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.