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A peek at Paramount Group Inc. (PGRE): Who has invested in It?

Paramount Group Inc. (NYSE: PGRE) is -25.42% lower on its value in year-to-date trading and has touched a low of $3.90 and a high of $9.15 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The PGRE stock was last observed hovering at around $4.65 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $4.75 for the next 12 months. It is also 36.71% off the consensus price target high of $7.00 offered by 8 analysts, but current levels are -10.75% lower than the price target low of $4.00 for the same period.

Currently trading at $4.43, the stock is 0.95% and 0.35% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.55 million and changing -4.73% at the moment leaves the stock -24.22% off its SMA200. PGRE registered -49.49% loss for a year compared to 6-month loss of -29.79%. The firm has a 50-day simple moving average (SMA 50) of $5.86 and a 200-day simple moving average (SMA200) of $12.39.

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The stock witnessed a 5.48% gain in the last 1 month and extending the period to 3 months gives it a -19.16%, and is 0.91% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.76% over the week and 4.15% over the month.

Paramount Group Inc. (PGRE) has around 326 employees, a market worth around $940.58M and $745.20M in sales. Profit margin for the company is -5.10%. Distance from 52-week low is 13.59% and -51.58% from its 52-week high. The company has generated returns on investments over the last 12 months (2.20%).

Paramount Group Inc. (PGRE) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Paramount Group Inc. (PGRE) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 3.10, where 5 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 2 analysts have rated the stock as a Sell or Underperform.

Paramount Group Inc. is expected to release its quarterly report on 07/25/2023.The EPS is expected to shrink by -76.50% this year

Paramount Group Inc. (PGRE) Top Institutional Holders

The shares outstanding are 216.56M, and float is at 185.87M with Short Float at 6.12%.

Paramount Group Inc. (PGRE) Insider Activity

A total of 26 insider transactions have happened at Paramount Group Inc. (PGRE) in the last six months, with sales accounting for 1 and purchases happening 25 times. The most recent transaction is an insider purchase by Behler Albert P., the company’s Chairman, CEO and President. SEC filings show that Behler Albert P. bought 50,000 shares of the company’s common stock on Mar 23 at a price of $4.10 per share for a total of $0.21 million. Following the purchase, the insider now owns 0.57 million shares.

Paramount Group Inc. disclosed in a document filed with the SEC on Mar 23 that Johnson Gage R. (SVP, GC and Secretary) bought a total of 4,500 shares of the company’s common stock. The trade occurred on Mar 23 and was made at $3.97 per share for $17852.0. Following the transaction, the insider now directly holds 4500.0 shares of the PGRE stock.

Still, SEC filings show that on Mar 22, Behler Albert P. (Chairman, CEO and President) acquired 30,000 shares at an average price of $4.36 for $0.13 million. The insider now directly holds 521,812 shares of Paramount Group Inc. (PGRE).

Paramount Group Inc. (PGRE): Who are the competitors?

The company’s main competitors (and peers) include Gaming and Leisure Properties Inc. (GLPI) that is trading 6.58% up over the past 12 months and Hudson Pacific Properties Inc. (HPP) that is -77.00% lower over the same period. W. P. Carey Inc. (WPC) is -16.70% down on the 1-year trading charts.

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