Nomura Asset Management Co. Ltd. Increases Stock Position in Paramount Group, Inc. (NYSE:PGRE)

Nomura Asset Management Co. Ltd. grew its stake in shares of Paramount Group, Inc. (NYSE:PGREFree Report) by 9.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 198,200 shares of the financial services provider’s stock after buying an additional 16,300 shares during the period. Nomura Asset Management Co. Ltd. owned 0.09% of Paramount Group worth $1,025,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Manchester Capital Management LLC boosted its position in Paramount Group by 785.9% during the 4th quarter. Manchester Capital Management LLC now owns 5,076 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 4,503 shares during the period. Wolverine Asset Management LLC acquired a new stake in shares of Paramount Group in the 3rd quarter valued at about $52,000. Paces Ferry Wealth Advisors LLC acquired a new stake in Paramount Group during the third quarter worth about $54,000. Metis Global Partners LLC acquired a new stake in Paramount Group during the fourth quarter worth about $58,000. Finally, Great Lakes Advisors LLC acquired a new stake in Paramount Group during the fourth quarter worth about $85,000. 65.64% of the stock is owned by hedge funds and other institutional investors.

Paramount Group Stock Performance

NYSE PGRE opened at $4.55 on Friday. The company has a 50-day moving average price of $4.64 and a two-hundred day moving average price of $4.78. The company has a debt-to-equity ratio of 0.90, a quick ratio of 4.03 and a current ratio of 4.03. Paramount Group, Inc. has a 52 week low of $4.06 and a 52 week high of $5.92.

Paramount Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were issued a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 3.08%. The ex-dividend date was Wednesday, March 27th. Paramount Group’s dividend payout ratio (DPR) is presently -12.07%.

Analyst Ratings Changes

Several research firms recently weighed in on PGRE. Evercore ISI upgraded 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. Morgan Stanley dropped their price objective 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. Finally, StockNews.com upgraded shares of Paramount Group from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $4.60.

Get Our Latest Report on Paramount Group

About Paramount Group

(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.

See Also

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

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