Schwab Charles Investment Management Inc. Boosts Stake in Paramount Group Inc (PGRE)

Schwab Charles Investment Management Inc. increased its holdings in Paramount Group Inc (NYSE:PGRE) by 8.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,359,730 shares of the financial services provider’s stock after buying an additional 183,491 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Paramount Group were worth $37,402,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of PGRE. Northern Trust Corp boosted its holdings in shares of Paramount Group by 31.3% in the 2nd quarter. Northern Trust Corp now owns 1,894,274 shares of the financial services provider’s stock valued at $30,309,000 after buying an additional 451,599 shares during the period. Asset Management One Co. Ltd. boosted its holdings in shares of Paramount Group by 28,976.5% in the 3rd quarter. Asset Management One Co. Ltd. now owns 431,204 shares of the financial services provider’s stock valued at $6,868,000 after buying an additional 429,721 shares during the period. Long Pond Capital LP boosted its holdings in shares of Paramount Group by 2.9% in the 3rd quarter. Long Pond Capital LP now owns 14,606,205 shares of the financial services provider’s stock valued at $233,699,000 after buying an additional 406,833 shares during the period. Duff & Phelps Investment Management Co. boosted its holdings in shares of Paramount Group by 8.7% in the 3rd quarter. Duff & Phelps Investment Management Co. now owns 3,390,902 shares of the financial services provider’s stock valued at $54,254,000 after buying an additional 271,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Paramount Group by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,678,913 shares of the financial services provider’s stock valued at $42,864,000 after buying an additional 205,210 shares during the period. 61.71% of the stock is owned by institutional investors and hedge funds.

Several research analysts have recently commented on the stock. TheStreet lowered shares of Paramount Group from a “c” rating to a “d+” rating in a report on Thursday, November 16th. Zacks Investment Research lowered shares of Paramount Group from a “buy” rating to a “hold” rating in a report on Tuesday, November 28th. Finally, Goldman Sachs Group raised shares of Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 price target for the company in a report on Tuesday. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $16.60.

Shares of Paramount Group Inc (NYSE PGRE) opened at $14.21 on Friday. The firm has a market cap of $3,425.85, a PE ratio of 38.41, a P/E/G ratio of 3.06 and a beta of 0.67. Paramount Group Inc has a 52-week low of $13.76 and a 52-week high of $17.58.

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 12th. Investors of record on Friday, December 29th were given a $0.095 dividend. The ex-dividend date was Thursday, December 28th. This represents a $0.38 annualized dividend and a yield of 2.67%. Paramount Group’s dividend payout ratio is presently 102.70%.

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Paramount Group Company Profile

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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