Nisa Investment Advisors LLC Has $224,000 Stake in Paramount Group, Inc. $PGRE

Nisa Investment Advisors LLC trimmed its stake in Paramount Group, Inc. (NYSE:PGRE) by 22.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,755 shares of the financial services provider’s stock after selling 10,785 shares during the period. Nisa Investment Advisors LLC’s holdings in Paramount Group were worth $224,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Nuveen LLC acquired a new stake in Paramount Group in the first quarter valued at $6,096,000. XTX Topco Ltd increased its holdings in Paramount Group by 249.9% in the first quarter. XTX Topco Ltd now owns 162,968 shares of the financial services provider’s stock valued at $701,000 after purchasing an additional 116,394 shares during the period. American Century Companies Inc. increased its holdings in Paramount Group by 222.1% in the first quarter. American Century Companies Inc. now owns 49,749 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 34,306 shares during the period. GSA Capital Partners LLP increased its holdings in Paramount Group by 102.8% in the first quarter. GSA Capital Partners LLP now owns 402,937 shares of the financial services provider’s stock valued at $1,733,000 after purchasing an additional 204,248 shares during the period. Finally, Long Pond Capital LP increased its holdings in Paramount Group by 16.8% in the first quarter. Long Pond Capital LP now owns 11,737,433 shares of the financial services provider’s stock valued at $50,471,000 after purchasing an additional 1,684,098 shares during the period. 65.64% of the stock is currently owned by institutional investors and hedge funds.

Paramount Group Stock Performance

Shares of PGRE opened at $6.56 on Tuesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 4.91 and a quick ratio of 4.91. The stock has a 50-day moving average of $6.75 and a 200-day moving average of $6.21. The company has a market cap of $1.45 billion, a PE ratio of -14.57 and a beta of 1.32. Paramount Group, Inc. has a one year low of $3.75 and a one year high of $7.85.

Paramount Group (NYSE:PGRE) last issued its earnings results on Wednesday, October 29th. The financial services provider reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $172.96 million during the quarter, compared to the consensus estimate of $167.65 million. Paramount Group had a negative return on equity of 2.39% and a negative net margin of 13.47%. On average, equities research analysts predict that Paramount Group, Inc. will post 0.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. BTIG Research reissued a “neutral” rating on shares of Paramount Group in a research note on Wednesday, September 17th. Mizuho lifted their target price on shares of Paramount Group from $5.00 to $6.00 and gave the stock an “outperform” rating in a research note on Monday, July 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Paramount Group in a research note on Wednesday, October 8th. Evercore ISI set a $6.60 target price on shares of Paramount Group and gave the stock an “in-line” rating in a research note on Monday, September 22nd. Finally, Morgan Stanley set a $6.60 target price on shares of Paramount Group and gave the stock an “equal weight” rating in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $6.45.

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. 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.