In the latest session, Paramount Group Inc (NYSE: PGRE) closed at $4.61 down -4.36% from its previous closing price of $4.82. In other words, the price has decreased by -$0.2100 from its previous closing price. On the day, 1026237 shares were traded.
Ratios:
For a deeper understanding of Paramount Group Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.97 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 5.65. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 1.20.
On November 13, 2023, BofA Securities Downgraded its rating to Underperform which previously was Neutral and also lowered its target price recommendation from $5 to $4.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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.
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 1.00B and an Enterprise Value of 4.38B. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.35 while its Price-to-Book (P/B) ratio in mrq is 0.31. Its current Enterprise Value per Revenue stands at 5.89 whereas that against EBITDA is 158.95.
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 $4.06. The 50-Day Moving Average of the stock is 4.6016, while the 200-Day Moving Average is calculated to be 4.7845.
Shares Statistics:
For the past three months, PGRE has traded an average of 1.33M shares per day and 841.18k over the past ten 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 64.62% stake in the company. Shares short for PGRE as of Mar 15, 2024 were 8.08M with a Short Ratio of 6.40, compared to 6.5M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.72% and a Short% of Float of 6.29%.
Dividends & Splits
According to the company, the forward annual dividend rate for PGRE is 0.13, from 0.18 in the trailing year. Against a Trailing Annual Dividend Yield of 3.80%, it implies a Forward Annual Dividend Yield of 3.04%. The stock’s 5-year Average Dividend Yield is 4.13.
Earnings Estimates
There are 1 different market analysts currently analyzing its stock. 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
A total of 3 analysts believe the company’s revenue will be $184.77M this quarter.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.
