Zurcher Kantonalbank Zurich Cantonalbank Acquires 3,828 Shares of Paramount Group Inc (PGRE)

Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Paramount Group Inc (NYSE:PGRE) by 3.5% in the fourth quarter, HoldingsChannel reports. The firm owned 112,270 shares of the financial services provider’s stock after buying an additional 3,828 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Paramount Group were worth $1,779,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Teton Advisors Inc. increased its stake in Paramount Group by 37.7% during the 3rd quarter. Teton Advisors Inc. now owns 17,900 shares of the financial services provider’s stock valued at $286,000 after purchasing an additional 4,900 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in Paramount Group during the 4th quarter valued at $286,000. Daiwa Securities Group Inc. increased its stake in Paramount Group by 6,222.9% during the 3rd quarter. Daiwa Securities Group Inc. now owns 20,423 shares of the financial services provider’s stock valued at $327,000 after purchasing an additional 20,100 shares in the last quarter. Quantbot Technologies LP bought a new stake in Paramount Group during the 3rd quarter valued at $333,000. Finally, BlueCrest Capital Management Ltd bought a new stake in Paramount Group during the 2nd quarter valued at $377,000. Institutional investors and hedge funds own 60.91% of the company’s stock.

Shares of Paramount Group Inc (NYSE:PGRE) opened at $14.16 on Tuesday. Paramount Group Inc has a one year low of $13.70 and a one year high of $17.58. The stock has a market cap of $3,411.45, a price-to-earnings ratio of 16.72, a PEG ratio of 3.05 and a beta of 0.67.

PGRE has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of Paramount Group from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a research note on Wednesday, November 15th. TheStreet lowered shares of Paramount Group from a “c” rating to a “d+” rating in a research note on Thursday, November 16th. Finally, Goldman Sachs Group upgraded shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 target price for the company in a research note on Tuesday, February 6th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $16.60.

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About Paramount Group

Paramount Group, Inc is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (DC) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership).

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

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