Trustees of Dartmouth College purchased a new position in Paramount Group Inc (NYSE:PGRE) during the fourth quarter, Holdings Channel reports. The fund purchased 418,795 shares of the financial services provider’s stock, valued at approximately $6,638,000. Paramount Group accounts for 6.0% of Trustees of Dartmouth College’s holdings, making the stock its 4th largest holding.

A number of other institutional investors also recently made changes to their positions in PGRE. Forsta AP Fonden bought a new stake in shares of Paramount Group in the 4th quarter worth approximately $954,000. IBM Retirement Fund bought a new stake in shares of Paramount Group in the 4th quarter worth approximately $181,000. Swiss National Bank grew its position in shares of Paramount Group by 5.8% in the 4th quarter. Swiss National Bank now owns 345,743 shares of the financial services provider’s stock worth $5,480,000 after buying an additional 19,100 shares during the last quarter. California Public Employees Retirement System grew its position in shares of Paramount Group by 12.9% in the 4th quarter. California Public Employees Retirement System now owns 461,761 shares of the financial services provider’s stock worth $7,319,000 after buying an additional 52,904 shares during the last quarter. Finally, Blue Sky Asset Management LLC bought a new stake in shares of Paramount Group in the 4th quarter worth approximately $703,000. 60.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of Paramount Group Inc (PGRE) opened at $14.03 on Wednesday. Paramount Group Inc has a 1-year low of $13.70 and a 1-year high of $17.58. The company has a market capitalization of $3,399.44, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 3.04 and a beta of 0.67.

Several research firms recently weighed in on PGRE. TheStreet lowered Paramount Group from a “c” rating to a “d+” rating in a research report on Thursday, November 16th. Zacks Investment Research lowered Paramount Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 28th. Finally, Goldman Sachs Group upgraded Paramount Group from a “sell” rating to a “neutral” rating and set a $16.00 price target on the stock in a research report on Tuesday, February 6th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Paramount Group currently has a consensus rating of “Hold” and an average target price of $16.60.

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Paramount Group 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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