Paramount Group Inc. (NYSE:PGRE) saw an upside of 1.63% to close Tuesday at $9.38 after adding $0.15 on the day. The 5-day average trading volume is 1,678,240 shares of the company’s common stock. It has gained $9.40 in the past week. An average of 1,641,010 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,591,098.
PGRE’s 1-month performance is 6.96% or $0.77 on its low of $8.35 reached on 09/20/21. The company’s shares have touched a 52-week low of $5.54 and high of $11.65, with the stock’s rally to the 52-week high happening on 06/08/21. YTD, PGRE has achieved 3.76% or $0.34. However, the current price is down -19.45%% from the 52-week high price.
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Paramount Group Inc. (PGRE) has a trailing price-to-earnings (P/E) ratio of 21.25 for the broader industry and 37.94 for the sector. The company’s PE ratio for the last five years has touched a high of 859.51 and a low of 37.07. PGRE stock has a beta of 1.40. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.84 while the price-to-book (PB) in the most recent quarter is 0.57, with the price to cash flow ratio at 12.34.
Paramount Group Inc. pays an annual dividend of $0.28 per share. Its dividend yield is 2.99%. PGRE paid $0.07 a share compared with prior rate of $0.07, down 0.0% from last year’s. The company latest dividend decrease of $0.03 reported on Tuesday December 15 2020. Measured over the last 3 years, the Dividend has been growing by -2.63% yearly.
It is projected that Paramount Group Inc.’s next ex-dividend date will be on 30-Dec. PGRE is expected to distribute $0.07 as its next dividend.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.06, while the total debt to equity was 1.06. In terms of profitability, the gross margin trailing 12 months is 63.10%. while for the period ending June 29; Paramount Group Inc.’s operating margin was 20.90%. The firm’s gross profit as reported stood at $145.44 million against revenue of $714.24 million.
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected PGRE to announce -$0.03 per share in earnings in its latest quarter, but it posted -$0.07, representing a -133.30% surprise. EBITDA for the quarter stood at more than $101.21 million. PGRE stock balance sheet for the quarter ending June 29 shows that, with total debt at $3.82 billion. Shareholders hold equity totaling $218.96 million
Let’s look briefly at Paramount Group Inc. (PGRE) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 67.42% to suggest the stock is trending Neutral, with historical volatility in this time period at 19.04%.
The stock’s 5-day moving average is $9.23, reflecting a +1.96% or $0.18 change from its current price. PGRE is currently trading +8.44% above its 20-day SMA, -12.09% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -1.68% and +5.16% respectively.
Stochastic %K and %D was 82.32% and 78.82% and the average true range (ATR) pointed at 0.23. The RSI (14) points at 60.91%, while the 14-day stochastic is at 96.30% with the period’s ATR at 0.24. The stock’s 9-day MACD Oscillator is pointing at 0.05 and 0.12 on the 14-day charts.
In the most recent analyst report for Paramount Group Inc. (NYSE: PGRE), Evercore ISI upgraded it to an In-line rating. They previously had an Underperform rating on the stock. Analysts offering their rating for PGRE stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate PGRE as a “sell,”, while 4 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 have offered a “buy” rating.
What is PGRE’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $8.50 and a high of $17.00, with their median price target at $10.50. Looking at these predictions, the average price target given by analysts is for Paramount Group Inc. (PGRE) stock is $11.13.