Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Paramount Group, Inc. (NYSE:PGRE)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 1,433,381 shares of Paramount Group, Inc. valued at approximately $6.16 million, which represents about 0.65% ownership of the company.
• Several institutional investors, including Cohen & Steers Inc. and Long Pond Capital LP, have increased their stakes in Paramount Group, contributing to a total institutional ownership of 65.64%.
• Analysts have mixed ratings on Paramount Group, with price targets ranging from $3.25 to $8.00, while the current consensus rating is a "Hold" with a target price of $5.44.

Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Paramount Group, Inc. (NYSE:PGRE - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,433,381 shares of the financial services provider's stock, valued at approximately $6,164,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.65% of Paramount Group at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Quantinno Capital Management LP lifted its holdings in shares of Paramount Group by 22.0% during the fourth quarter. Quantinno Capital Management LP now owns 15,771 shares of the financial services provider's stock worth $78,000 after buying an additional 2,845 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Paramount Group by 1.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 239,200 shares of the financial services provider's stock valued at $1,182,000 after acquiring an additional 3,000 shares during the last quarter. Nebula Research & Development LLC grew its holdings in shares of Paramount Group by 7.0% during the fourth quarter. Nebula Research & Development LLC now owns 54,852 shares of the financial services provider's stock worth $271,000 after purchasing an additional 3,611 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Paramount Group by 3.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 105,005 shares of the financial services provider's stock worth $519,000 after purchasing an additional 3,673 shares during the last quarter. Finally, Sterling Capital Management LLC lifted its stake in shares of Paramount Group by 806.3% in the fourth quarter. Sterling Capital Management LLC now owns 5,909 shares of the financial services provider's stock worth $29,000 after acquiring an additional 5,257 shares during the period. Institutional investors and hedge funds own 65.64% of the company's stock.

Paramount Group Price Performance

Shares of NYSE PGRE traded down $0.21 during trading hours on Wednesday, reaching $6.00. 2,241,137 shares of the stock traded hands, compared to its average volume of 2,769,126. The company has a market capitalization of $1.32 billion, a P/E ratio of -19.35 and a beta of 1.31. The company has a quick ratio of 5.56, a current ratio of 5.56 and a debt-to-equity ratio of 0.90. Paramount Group, Inc. has a 52-week low of $3.75 and a 52-week high of $6.89. The company's 50-day simple moving average is $6.28 and its two-hundred day simple moving average is $5.09.

Paramount Group (NYSE:PGRE - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The financial services provider reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. Paramount Group had a negative return on equity of 1.63% and a negative net margin of 8.76%. Equities research analysts forecast that Paramount Group, Inc. will post 0.78 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Evercore ISI raised Paramount Group from an "in-line" rating to an "outperform" rating and boosted their price target for the company from $4.50 to $8.00 in a research note on Tuesday, May 20th. Mizuho increased their price target on shares of Paramount Group from $5.00 to $6.00 and gave the company an "outperform" rating in a research report on Monday, July 14th. Wells Fargo & Company cut their price target on Paramount Group from $5.00 to $4.50 and set an "underweight" rating for the company in a research note on Monday, May 19th. Morgan Stanley reiterated an "underweight" rating and set a $3.25 price target on shares of Paramount Group in a research note on Tuesday, April 15th. Finally, Wall Street Zen downgraded Paramount Group from a "hold" rating to a "sell" rating in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a sell rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $5.44.

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.