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Saturday, June 3, 2023

Are Things Looking Up For Paramount Group Inc. (NYSE: PGRE)?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Paramount Group Inc. (PGRE) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.16, or -3.70%, to $4.17. The Paramount Group Inc. has recorded 24,861 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted Paramount Announces Release Date for First Quarter 2023 Results.

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Stocks Info

The company is listed on the NYSE and operates within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $4.33 and fluctuated between $4.4000 as its day high and $4.2100 as its day low. The current market capitalization of Paramount Group Inc. is $920.99M. A total of 1.67 million shares were traded on the day, compared to an average of 2.18M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, PGRE has seen 18 BUY and 0 SELL insider trades, representing the acquisition of 397,500 and the disposition of 0 shares. Over the last 12 months, there were 27 BUYs and 1 SELLs from insiders. Insiders purchased 532,214 shares during that period but sold 17,000.

In the most recent transaction, Behler Albert P. bought 50,000 shares of PGRE for 4.10 per share on Mar 23. After the transaction, the Chairman, CEO and President now owns 571,812 company shares. In a previous transaction on Mar 23, Johnson Gage R. bought 4,500 shares at 3.97 per share. PGRE shares that SVP, GC and Secretary owns now total 4,500.

Among the insiders who bought shares, Behler Albert P. acquired of 30,000 shares on Mar 22 at a per-share price of $4.36. This resulted in the Chairman, CEO and President holding 521,812 shares of PGRE after the transaction. In another insider transaction, Behler Albert P. bought 20,000 shares at $4.34 per share on Mar 21. Company shares held by the Chairman, CEO and President now total 491,812.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. PGRE’s most recent ex-dividend date was 3/30/2023 when it declared a $0.0780 quarterly dividend that was paid in cash on 4/14/2023. Previously, the company paid the dividend on 1/13/2023 with an ex-dividend date of 12/29/2022. The PGRE stock dividend was $0.0780 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for PGRE in the last 3 months, the mean price target is $5.17 with high estimates of $7.00 and low estimates of $4.00. In terms of 52-week highs and lows, PGRE has a high of $9.91 and a low of $3.90.

As of this writing, PGRE has an earnings estimate of -$0.02 per share for the current quarter. EPS was calculated based on a consensus of 2 estimates, with a high estimate of -$0.02 per share and a lower estimate of -$0.03. The company reported an EPS of -$0.01 in the last quarter, which was -200.00% lower than expectations of $0.01.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. PGRE’s latest balance sheet shows that the firm has $524.90M in Cash & Short Term Investments as of fiscal 2021. There were $3.84B in debt and $133.09M in liabilities at the time. Its Book Value Per Share was $16.44, while its Total Shareholder’s Equity was $4.46B.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 8 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for PGRE is Overweight with a score of 2.71. A total of 1 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 2 thought it should be Sold.

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