The price of Paramount Group Inc (NYSE: PGRE) closed at $4.67 in the last session, up 0.65% from day before closing price of $4.64. In other words, the price has increased by $+0.0300 from its previous closing price. On the day, 1765535 shares were traded.
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Ratios:
We take a closer look at PGRE’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.99 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.72. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.20.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, BofA Securities on November 13, 2023, Downgraded its rating to Underperform and sets its target price to $4 from $5 previously.
Morgan Stanley Downgraded its Overweight to Equal-Weight on November 23, 2022, whereas the target price for the stock was revised from $8 to $6.50.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 17 ’23 when Behler Albert P. bought 20,000 shares for $4.73 per share. The transaction valued at 94,540 led to the insider holds 641,812 shares of the business.
Behler Albert P. bought 50,000 shares of PGRE for $231,950 on Aug 16 ’23. The Chairman, CEO and President now owns 621,812 shares after completing the transaction at $4.64 per share. On Mar 23 ’23, another insider, Behler Albert P., who serves as the Chairman, CEO and President of the company, bought 50,000 shares for $4.10 each. As a result, the insider paid 205,050 and bolstered with 571,812 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, PGRE now has a Market Capitalization of 1.01B and an Enterprise Value of 4.39B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.37 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 5.91 whereas that against EBITDA is 159.42.
Stock Price History:
Over the past 52 weeks, PGRE has reached a high of $5.92, while it has fallen to a 52-week low of $3.89. The 50-Day Moving Average of the stock is 4.7266, while the 200-Day Moving Average is calculated to be 4.7724.
Shares Statistics:
According to the various share statistics, PGRE traded on average about 1.69M shares per day over the past 3-months and 1.38M shares per day over the past 10 days. A total of 217.37M shares are outstanding, with a floating share count of 178.17M. Insiders hold about 18.02% of the company’s shares, while institutions hold 64.70% stake in the company. Shares short for PGRE as of Feb 29, 2024 were 7.63M with a Short Ratio of 4.51, compared to 6.31M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.51% and a Short% of Float of 5.94%.
Dividends & Splits
The forward annual dividend rate for PGRE is 0.18, which was 0.18 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 3.94%, it implies a Forward Annual Dividend Yield of 3.91%. The stock’s 5-year Average Dividend Yield is 4.13.
Earnings Estimates
The company has 1 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.07, while EPS last year was -$0.01. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.36 and -$0.36 for the fiscal current year, implying an average EPS of -$0.36. EPS for the following year is -$0.46, with 1 analysts recommending between -$0.46 and -$0.46.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $184.77M. It ranges from a high estimate of $189.1M to a low estimate of $181.4M. As of the current estimate, Paramount Group Inc’s year-ago sales were $188.47M, an estimated decrease of -2.00% from the year-ago figure.
A total of 3 analysts have provided revenue estimates for PGRE’s current fiscal year. The highest revenue estimate was $744.55M, while the lowest revenue estimate was $709.8M, resulting in an average revenue estimate of $727M. In the same quarter a year ago, actual revenue was $742.79M, down -2.10% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $717.57M in the next fiscal year. The high estimate is $736.52M and the low estimate is $686.18M. The average revenue growth estimate for next year is down -1.30% from the average revenue estimate for this year.
