Paramount Group Inc (NYSE: PGRE) is -2.32% 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 $4.98 in the last trading session, with the day’s gains setting it 0.07%.
Currently trading at $5.05, the stock is -0.35% and 0.85% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing 1.41% at the moment leaves the stock 5.44% off its SMA200. PGRE registered 16.09% gain for a year compared to 6-month gain of 9.31%. The firm has a 50-day simple moving average (SMA 50) of $5.0074 and a 200-day simple moving average (SMA200) of $4.78925.
The stock witnessed a 3.27% loss in the last 1 month and extending the period to 3 months gives it a -0.20%, and is -1.75% down 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 3.07% over the week and 2.68% over the month.
Paramount Group Inc (PGRE) has around 329 employees, a market worth around $2.58B and $757.94M in sales. Profit margin for the company is -27.96%. Distance from 52-week low is 24.38% and -14.70% 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 93.33% this year
252.0 institutions hold shares in Paramount Group Inc (PGRE), with institutional investors hold 77.95% of the company’s shares. The shares outstanding are 217.37M, and float is at 178.24M with Short Float at 2.31%. Institutions hold 65.54% 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.
