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Friday, September 29, 2023

Analysts Point To Paramount Group Inc. (NYSE: PGRE) Growth In The Future

After Hours

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. After-hours trades for Paramount Group Inc. (PGRE) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.13, or 2.53%, to $5.26. The Paramount Group Inc. has recorded 39,484 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Paramount Announces Second Quarter 2023 Results.

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Stocks Info

As a NYSE listed company, PGRE falls under the Real Estate sector while operating within the REIT – Office industry segment. At the end of the last regular session, the stock closed at $5.13 and fluctuated between $5.21 as its day high and $5.11 as its day low. The current market capitalization of Paramount Group Inc. is $1.12B. A total of 0.66 million shares were traded on the day, compared to an average of 1.78M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, PGRE has seen 2 BUY and 0 SELL insider trades, representing the acquisition of 70,000 and the disposition of 0 shares. Over the last 12 months, there were 29 BUYs and 1 SELLs from insiders. Insiders purchased 629,800 shares during that period but sold 17,000.

In the most recent transaction, Behler Albert P. bought 20,000 shares of PGRE for 4.73 per share on Aug 17. After the transaction, the Chairman, CEO and President now owns 641,812 company shares. In a previous transaction on Aug 16, Behler Albert P. bought 50,000 shares at 4.64 per share. PGRE shares that Chairman, CEO and President owns now total 621,812.

Among the insiders who bought shares, Behler Albert P. acquired of 50,000 shares on Mar 23 at a per-share price of $4.10. This resulted in the Chairman, CEO and President holding 571,812 shares of PGRE after the transaction. In another insider transaction, Johnson Gage R. bought 4,500 shares at $3.97 per share on Mar 23. Company shares held by the SVP, GC and Secretary now total 4,500.


Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. PGRE’s most recent ex-dividend date was 6/29/2023 when it declared a $0.0350 quarterly dividend that was paid in cash on 7/14/2023. Previously, the company paid the dividend on 4/14/2023 with an ex-dividend date of 3/30/2023. The PGRE stock dividend was $0.0780 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for PGRE in the last 3 months, the mean price target is $5.00 with high estimates of $7.00 and low estimates of $3.50. In terms of 52-week highs and lows, PGRE has a high of $7.33 and a low of $3.90.

As of this writing, PGRE has an earnings estimate of -$0.04 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.04 per share and a lower estimate of -$0.04. The company reported an EPS of -$0.01 in the last quarter, which was 50.00% higher than expectations of -$0.02.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $16.16, while its Total Shareholder’s Equity was $4.46B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 2.67.

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