Are You Interested In Investing In Paramount Group Inc. (PGRE)? Check This Out First

As of Friday close, Paramount Group Inc.’s (NYSE:PGRE) stock was up $0.21, moving up 2.42 percent to $8.87. The average number of shares traded per day over the past five days has been 2,321,540 shares. 1 time new highs have been achieved over the past 5 days, with a -$0.41 fall in that time frame. In the last twenty days, the average volume was 2,128,855, while in the previous 50 days, it was 2,324,110.

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Since last month, PGRE stock retreated -16.87%. Shares of the company fell to $8.42 on 05/10/22, the lowest level in the past month. A 52-week high of $11.65 was reached on 02/25/22 after having rallying from a 52-week low of $7.79. Since the beginning of this year, PGRE’s stock price has risen by 6.35% or $0.53, and marked a new high 6 times. However, the stock has declined by -23.83% since its 52-week high.

Valuation Metrics

The stock’s beta is 1.14. Besides these, the trailing price-to-sales (P/S) ratio of 2.70, the price-to-book (PB) ratio of 0.54, and the price-to-cash flow ratio of 16.90 may also be considered.

The latest dividend of $0.0775 per share was paid out, which is 10.71% more than last year’s $0.07. On Wednesday March 16 2022, a $0.0075 dividend increase was announced.

Financial Health

According to company report, the long-term debt-to-equity ratio for the quarter ending March 30 was 1.07, and the total debt-to-equity ratio was 1.07. On the profitability front, the trailing twelve-month gross margin is 63.60% percent. In the year ended March 30, operating margins totaled 23.70%. Based on annual data, PGRE earned $168.81 million in gross profit and brought in $726.79 million in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 2.20%. Return on equity (ROE) for the past 12 months was -0.40%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PGRE’s revenue rose 1.37% to $184.22 million during the quarter, while net income inched up to $183.69 million. While analysts expected Paramount Group Inc. to report $0.01 quarterly earnings, the actual figure was $0.02 per share. During the quarter, the company generated $102.56 million in EBITDA. The value of shareholders’ equity is $219.07 million.

Technical Picture

This quick technical analysis looks at Paramount Group Inc.’s (PGRE) price momentum. With a historical volatility rate of 40.81%, the RSI 9-day stood at 34.14% on 13 May.

With respect to its five-day moving average, the current Paramount Group Inc. price is down by -4.42% percent or -$0.41. At present, PGRE shares trade -14.05% below its 20-day simple moving average and +10.60% percent above its 100-day simple moving average. However, the stock is currently trading approximately -18.92% below its SMA50 and -10.13% below its SMA200.

Stochastic coefficient K was 17.30% and Stochastic coefficient D was 11.03%, while ATR was 0.37. Given the Stochastic reading of 26.71% for the 14-day period, the RSI (14) reading has been calculated as 33.80%. As of today, the MACD Oscillator reading stands at -0.33, while the 14-day reading stands at -0.55.

Analyst Ratings

Mizuho upgraded its rating on Paramount Group Inc. (NYSE: PGRE) to a Buy in a note to investors on January 20, 2022. The analysts firm previously had a Neutral rating on the stock.Paramount Group Inc. (PGRE) has been rated Overweight by analysts. According to 1 brokerage firm , PGRE is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Paramount Group Inc. stock as buy, with 3 recommending it as overweight.

With a median target price of $12.00, the current consensus forecast for the stock is $10.00 – $15.00. Based on these forecasts, analysts predict Paramount Group Inc. (PGRE) will achieve an average price target of $12.00.


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