SCHEDULE: Cohen & Steers Amends Paramount Group Stake to 3.51%

Cohen & Steers, Inc. and its affiliates have filed an amended Schedule 13G, disclosing a beneficial ownership of 3.51% in Paramount Group, Inc. common stock.

Summary

• Cohen & Steers, Inc. reported an aggregate beneficial ownership of 7,754,107 shares of Paramount Group, Inc. common stock, representing 3.51% of the class.
• Cohen & Steers Capital Management, Inc., a subsidiary, beneficially owns 7,729,705 shares, or 3.50% of the class, with sole voting power over 6,103,533 shares and sole dispositive power over 7,729,705 shares.
• Cohen & Steers UK Limited, another subsidiary, beneficially owns 24,402 shares, or 0.01% of the class, with sole dispositive power.
• Cohen & Steers Asia Limited and Cohen & Steers Ireland Limited reported 0.00% beneficial ownership.
• The filing is an Amendment No. 2 to a previous Schedule 13G, indicating an update to their ownership disclosure.
• The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Paramount Group, Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership, indicating a passive investment below the 5% threshold. It does not contain information that would inherently suggest a positive or negative sentiment regarding the issuer's performance or future prospects.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure by a major institutional asset manager, Cohen & Steers, which specializes in real estate and infrastructure investments. Their continued, albeit passive, stake in Paramount Group, a real estate investment trust (REIT), indicates ongoing institutional interest in the real estate sector, particularly in companies like Paramount Group, which focuses on Class A office properties in select gateway markets.

Stakeholder Impact

• Shareholders: Provides transparency regarding significant institutional ownership, confirming Cohen & Steers' continued investment in Paramount Group, Inc.

Key Dates

Keywords

Paramount Group, Cohen & Steers, Beneficial Ownership, Schedule 13G, Common Stock, Institutional Investor, Real Estate Investment Trust