Momentum Is Strong For Paramount Group Inc (NYSE: PGRE)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Earlier, Yahoo Finance discussed this stock as it revealed Paramount Announces Fourth Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the REIT – Office industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $4.65 and fluctuated between $4.8150 as its day high and $4.6150 as its day low. The current market capitalization of Paramount Group Inc is $1.01B. A total of 0.81 million shares were traded on the day, compared to an average of 1.71M shares.

In the most recent transaction, Behler Albert P. bought 20,000 shares of PGRE for 4.73 per share on Aug 17 ’23. After the transaction, the Chairman, CEO and President now owns 641,812 company shares. In a previous transaction on Aug 16 ’23, 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 ’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 ’23. Company shares held by the SVP, GC and Secretary now total 4,500.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. PGRE’s most recent ex-dividend date was 12/28/2023 when it declared a $0.0350 quarterly dividend that was paid in cash on 1/12/2024. Previously, the company paid the dividend on 10/13/2023 with an ex-dividend date of 9/28/2023. The PGRE stock dividend was $0.0350 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, PGRE has a high of $5.92 and a low of $3.89.

As of this writing, PGRE has an earnings estimate of -$0.07 per share for the current quarter. EPS was calculated based on a consensus of 1 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.07.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its 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 $14.74, 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 2.50.

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