The closing price of Paramount Group Inc (NYSE: PGRE) was $4.31 for the day, down -4.01% from the previous closing price of $4.49. In other words, the price has decreased by -$0.1800 from its previous closing price. On the day, 1675137 shares were traded. PGRE stock price reached its highest trading level at $4.4900 during the session, while it also had its lowest trading level at $4.2900.
Ratios:
Our analysis of PGRE’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.84 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.28. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 17 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. The Chairman, CEO and President now owns 621,812 shares after completing the transaction at $4.64 per share. On Mar 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 936.85M and an Enterprise Value of 4.54B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at 5.81 whereas that against EBITDA is 158.01.
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 4.9470, while the 200-Day Moving Average is calculated to be 4.7656.
Shares Statistics:
PGRE traded an average of 1.69M shares per day over the past three months and 1.42M shares per day over the past ten days. A total of 217.37M shares are outstanding, with a floating share count of 185.34M. Insiders hold about 14.74% of the company’s shares, while institutions hold 64.34% stake in the company. Shares short for PGRE as of Jan 31, 2024 were 6.31M with a Short Ratio of 3.73, compared to 8.9M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.90% and a Short% of Float of 4.91%.
Dividends & Splits
With its trailing 12-month dividend rate of 0.18, PGRE has a forward annual dividend rate of 0.17. Against a Trailing Annual Dividend Yield of 4.08%, it implies a Forward Annual Dividend Yield of 4.06%. The stock’s 5-year Average Dividend Yield is 4.10.
Earnings Estimates
The firm’s stock currently is rated by 1 analysts. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.04, while EPS last year was -$0.01. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.06 and low estimates of -$0.06.
Analysts are recommending an EPS of between -$0.34 and -$0.34 for the fiscal current year, implying an average EPS of -$0.34. EPS for the following year is -$0.48, with 1 analysts recommending between -$0.48 and -$0.48.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 2 analysts. 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 -1.70% from the year-ago figure.
A total of 2 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 $727.18M. In the same quarter a year ago, actual revenue was $742.79M, down -2.10% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $711.35M 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 -2.20% from the average revenue estimate for this year.
