Van ECK Associates Corp Has $226,000 Position in Paramount Group, Inc. (NYSE:PGRE)

Van ECK Associates Corp raised its position in Paramount Group, Inc. (NYSE:PGRE) by 23.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 45,590 shares of the financial services provider’s stock after acquiring an additional 8,684 shares during the quarter. Van ECK Associates Corp’s holdings in Paramount Group were worth $226,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its stake in shares of Paramount Group by 19.4% during the 3rd quarter. Quadrature Capital Ltd now owns 17,642 shares of the financial services provider’s stock worth $87,000 after buying an additional 2,864 shares during the last quarter. abrdn plc lifted its stake in shares of Paramount Group by 10.5% during the 3rd quarter. abrdn plc now owns 36,830 shares of the financial services provider’s stock worth $181,000 after buying an additional 3,514 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Paramount Group by 226.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 7,140 shares of the financial services provider’s stock worth $35,000 after buying an additional 4,950 shares during the last quarter. Metis Global Partners LLC lifted its stake in shares of Paramount Group by 38.8% during the 3rd quarter. Metis Global Partners LLC now owns 18,020 shares of the financial services provider’s stock worth $89,000 after buying an additional 5,039 shares during the last quarter. Finally, FMR LLC lifted its stake in shares of Paramount Group by 42.5% during the 3rd quarter. FMR LLC now owns 22,695 shares of the financial services provider’s stock worth $112,000 after buying an additional 6,768 shares during the last quarter. Institutional investors and hedge funds own 65.64% of the company’s stock.

Paramount Group Stock Performance

NYSE PGRE opened at $4.53 on Monday. The firm has a 50-day moving average of $4.76 and a 200-day moving average of $4.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 4.45 and a current ratio of 4.45. The stock has a market cap of $984.27 million, a PE ratio of -4.62 and a beta of 1.22. Paramount Group, Inc. has a 52-week low of $4.21 and a 52-week high of $5.47.

Paramount Group Company Profile

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.