Paramount Group Inc (NYSE: PGRE) Could Achieve Gains In The Near Future

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Yahoo Finance discussed the stock recently as it posted Paramount Signs 74,000 Square Foot Lease at 1301 Avenue of the Americas.

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Stocks Info

Paramount Group Inc is listed on the NYSE in the Real Estate sector while operating in the REIT – Office industry. The current market capitalization of Paramount Group Inc is $1.05B. A total of 1.0 million shares were traded on the day, compared to an average of 1.39M 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 reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. PGRE’s most recent ex-dividend date was 3/27/2024 when it declared a $0.0350 quarterly dividend that was paid in cash on 4/15/2024. Previously, the company paid the dividend on 1/12/2024 with an ex-dividend date of 12/28/2023. The PGRE stock dividend was $0.0350 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable 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

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future 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 $14.74, while its Total Shareholder’s Equity was $4.46B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. 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 2.83.

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