The stock of Paramount Group Inc (NYSE: PGRE) has decreased by -0.32 when compared to last closing price of 4.62.Despite this, the company has seen a loss of -0.32% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-29 that Investors with an interest in REIT and Equity Trust – Other stocks have likely encountered both Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Is It Worth Investing in Paramount Group Inc (NYSE: PGRE) Right Now?
Additionally, the 36-month beta value for PGRE is 1.26. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 3 rating it as “sell.”
The public float for PGRE is 178.16M and currently, short sellers hold a 3.89% ratio of that float. The average trading volume of PGRE on May 02, 2024 was 1.20M shares.
PGRE’s Market Performance
PGRE stock saw an increase of -0.32% in the past week, with a monthly gain of 1.66% and a quarterly increase of -2.85%. The volatility ratio for the week is 2.45%, and the volatility levels for the last 30 days are 2.94% for Paramount Group Inc (PGRE). The simple moving average for the past 20 days is -0.51% for PGRE’s stock, with a -3.52% simple moving average for the past 200 days.
Analysts’ Opinion of PGRE
Many brokerage firms have already submitted their reports for PGRE stocks, with Evercore ISI repeating the rating for PGRE by listing it as a “In-line.” The predicted price for PGRE in the upcoming period, according to Evercore ISI is $5 based on the research report published on March 18, 2024 of the current year 2024.
BofA Securities, on the other hand, stated in their research note that they expect to see PGRE reach a price target of $4, previously predicting the price at $5. The rating they have provided for PGRE stocks is “Underperform” according to the report published on November 13th, 2023.
BofA Securities gave a rating of “Neutral” to PGRE, setting the target price at $5.50 in the report published on March 01st of the previous year.
PGRE Trading at 0.30% from the 50-Day Moving Average
After a stumble in the market that brought PGRE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -22.21% of loss for the given period.
Volatility was left at 2.94%, however, over the last 30 days, the volatility rate increased by 2.45%, as shares surge +2.49% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.29% lower at present.
During the last 5 trading sessions, PGRE fell by -0.39%, which changed the moving average for the period of 200-days by -6.65% in comparison to the 20-day moving average, which settled at $4.63. In addition, Paramount Group Inc saw -10.93% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PGRE starting from Behler Albert P., who purchase 20,000 shares at the price of $4.73 back on Aug 17 ’23. After this action, Behler Albert P. now owns 641,812 shares of Paramount Group Inc, valued at $94,540 using the latest closing price.
Behler Albert P., the Chairman, CEO and President of Paramount Group Inc, purchase 50,000 shares at $4.64 during a trade that took place back on Aug 16 ’23, which means that Behler Albert P. is holding 621,812 shares at $231,950 based on the most recent closing price.
Stock Fundamentals for PGRE
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.51 for the gross margin
The net margin for Paramount Group Inc stands at -0.34. The total capital return value is set at 0.03. Equity return is now at value -7.65, with -3.16 for asset returns.
Currently, EBITDA for the company is 386.84 million with net debt to EBITDA at -1.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 2.01for trailing twelve months and the total asset turnover is 0.09.
Conclusion
In conclusion, Paramount Group Inc (PGRE) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
