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New Big Money Means Paramount Group Inc (PGRE) Investors Could Reap Benefit

Paramount Group Inc (NYSE: PGRE) is 0.00% lower on its value in year-to-date trading and has touched a low of $4.06 and a high of $5.92 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 $5.12 in the last trading session, with the day’s gains setting it 0.05%.

Currently trading at $5.17, the stock is 4.37% and 3.93% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.8 million and changing 0.98% at the moment leaves the stock 7.42% off its SMA200. PGRE registered -1.63% loss for a year compared to 6-month gain of 9.07%.

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The stock witnessed a 8.39% loss in the last 1 month and extending the period to 3 months gives it a 11.90%, and is 4.66% 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 2.82% over the week and 2.67% over the month.

Paramount Group Inc (PGRE) has around 329 employees, a market worth around $1.12B and $757.94M in sales. Profit margin for the company is -27.96%. Distance from 52-week low is 27.34% and -12.67% from its 52-week high. The company has generated returns on investments over the last 12 months (-3.08%).

The EPS is expected to grow by 90.83% this year

252.0 institutions hold shares in Paramount Group Inc (PGRE), with institutional investors hold 78.79% of the company’s shares. The shares outstanding are 217.37M, and float is at 178.24M with Short Float at 3.09%. Institutions hold 66.25% of the Float.

The top institutional shareholder in the company is BLACKROCK INC. with over 31.1 million shares valued at $143.99 million. The investor’s holdings represent 14.325 of the PGRE Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 26.24 million shares valued at $121.51 million to account for 12.0879 of the shares outstanding. The other top investors are JUPITER ASSET MANAGEMENT LTD which holds 8.85 million shares representing 4.0778 and valued at over $40.99 million, while STATE STREET CORP holds 3.9152 of the shares totaling 8.5 million with a market value of $39.64 million.

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