The stock of Paramount Group Inc. (NYSE:PGRE) decreased by -$0.09 on Friday to finish at $4.81, down -1.84 percent. The last five days have seen an average of 853,920 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$1.13. The average number of shares traded over the last 20 days was 1,452,670, while the average volume over the last 50 days totaled 1,946,786.
PGRE stock dropped -5.87% since last month. On 08/17/23, the company’s shares reached a one-month low of $4.59. The stock touched a high of $7.33 on 02/02/23, after rallying from a low of $3.90 in 52 weeks. The price of PGRE stock has declined by -19.02% or -$1.13 this year, reaching a new high 8 times. Still, the stock price is down -34.40% from the 52-week high.
Insider Transactions
PGRE stock investors should be aware that Paramount Group Inc. (PGRE) stock had its last reported insider trading activity 11 days ago on Aug 17. On Aug 17, Chairman, CEO and President Behler Albert P. acquired 20,000 shares at $4.73 each. This transaction resulted in the insider spending $94,540. On Aug 16, Behler Albert P. added 50,000 shares at a price of US$4.64. After the transaction, the insider now owns 621,812 shares. Chairman, CEO and President Behler Albert P. had earlier bought 50,000 shares on Mar 23 for $4.10 a share. The transaction was completed for $205,050.
Valuation Metrics
Beta for the stock is 1.23. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.45, the price-to-book (PB) ratio of 0.30, and the price-to-cash flow ratio of 8.18.
Company paid $0.0350 per share in dividends, a decrease of -55.13% from $0.0780 last year. A $0.0430 dividend decrease was reported on Thursday June 15 2023.
Financial Health
The company’s long-term debt to equity ratio for the recent quarter is 1.10, and the total debt to equity ratio is 1.10. As far as profitability goes, gross margin for the trailing twelve months is 61.20% percent. Paramount Group Inc.’s operating margin stood at 20.30% for the same period. Based on annual data, it had gross profit of $170.48 million and revenue of $740.38 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. PGRE’s return on assets (ROA) during the last 12 months has been -1.00%. There was a 2.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -2.40%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $172.66 million, while revenues fell by -7.45% to $188.47 million. EBITDA was $85.39 million for the quarter. At the end of Paramount Group Inc.’s most recent quarter, its total debt was $3.84 billion. Equity owned by shareholders amounts to $217.31 million.
Technical Picture
Here’s a quick look at Paramount Group Inc.’s (PGRE) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 47.29%, suggesting the stock is Neutral, with a 30.39% historical volatility rate.
The stochastic %K and %D were 63.64% and 62.76% respectively, while the average true range (ATR) was 0.16. Based on the 14-day stochastic reading of 45.92%, the RSI (14) reading is 48.24%. On the 9-day MACD Oscillator, the stock is at 0.11, and the 14-day reading is at 0.06.
Analyst Ratings
Analysts have assigned Paramount Group Inc. (PGRE) an Hold rating. PGRE is a stock that is recommended for selling by 2 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is PGRE’s price target for the next 12 months?
The current consensus forecast for the stock is between $3.00 and $7.00, with a median target price of $5.00. In analyzing these forecasts, the average price target given by analysts for Paramount Group Inc. (PGRE) is $4.90.
