State Street Corp boosted its stake in Paramount Group Inc (NASDAQ:PGRE) by 1.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,675,515 shares of the company’s stock after buying an additional 30,948 shares during the period. State Street Corp’s holdings in Paramount Group were worth $42,783,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Paramount Group by 11.2% in the third quarter. BlackRock Inc. now owns 216,307 shares of the company’s stock valued at $3,546,000 after buying an additional 21,786 shares during the period. Citadel Advisors LLC boosted its stake in shares of Paramount Group by 48.3% in the third quarter. Citadel Advisors LLC now owns 363,064 shares of the company’s stock valued at $5,951,000 after buying an additional 118,275 shares during the period. Prudential Financial Inc. boosted its stake in shares of Paramount Group by 174.5% in the third quarter. Prudential Financial Inc. now owns 351,500 shares of the company’s stock valued at $5,761,000 after buying an additional 223,438 shares during the period. BlackRock Group LTD boosted its stake in shares of Paramount Group by 6.0% in the third quarter. BlackRock Group LTD now owns 1,017,315 shares of the company’s stock valued at $16,675,000 after buying an additional 57,510 shares during the period. Finally, California State Teachers Retirement System boosted its stake in shares of Paramount Group by 0.9% in the third quarter. California State Teachers Retirement System now owns 395,624 shares of the company’s stock valued at $6,484,000 after buying an additional 3,600 shares during the period.

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

Shares of Paramount Group Inc (NASDAQ:PGRE) opened at 16.43 on Tuesday. Paramount Group Inc has a 52 week low of $14.58 and a 52 week high of $18.28. The firm’s market cap is $3.79 billion. The company has a 50 day moving average of $16.83 and a 200 day moving average of $16.38.

Paramount Group (NASDAQ:PGRE) last released its quarterly earnings data on Wednesday, February 22nd. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.02. The company earned $166.80 million during the quarter, compared to analyst estimates of $171.95 million. The company’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 earnings per share. On average, equities research analysts anticipate that Paramount Group Inc will post $0.07 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be given a $0.095 dividend. The ex-dividend date is Wednesday, March 29th. This represents a $0.38 annualized dividend and a yield of 2.31%.

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Several brokerages recently commented on PGRE. Deutsche Bank AG reduced their price objective on shares of Paramount Group from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday. Morgan Stanley cut shares of Paramount Group from an “overweight” rating to an “equal weight” rating in a research note on Monday, December 12th. TheStreet cut shares of Paramount Group from a “c” rating to a “d+” rating in a research note on Tuesday, March 7th. Wells Fargo & Co upgraded shares of Paramount Group from a “market perform” rating to an “outperform” rating in a research note on Tuesday, December 13th. Finally, Evercore ISI cut shares of Paramount Group to a “buy” rating in a research note on Friday, March 3rd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $17.38.

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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