Paramount Group Inc (NYSE:PGRE) shares, rose in value on Friday, February 14, with price down by -2.28% to the previous day’s close as strong demand from buyers drove the stock to $4.71.
Actively observing the price movement in the last trading, the stock closed the session at $4.82, falling within a range of $4.7 and $4.88. The value of beta (5-year monthly) was 1.241. Referring to stock’s 52-week performance, its high was $5.47, and the low was $4.18. On the whole, PGRE has fluctuated by 2.17% over the past month.
With the market capitalization of Paramount Group Inc currently standing at about $2.40 billion, investors are eagerly awaiting this quarter’s results, scheduled for in March. The company’s Forward Dividend Ratio is 0.07, with its dividend yield at 1.49%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 725.89M, with a low estimate of 175.3M and a high estimate of 185.51M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 180.41M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PGRE’s technical picture suggests that short-term indicators denote the stock is a 75% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the price of PGRE currently trading nearly -0.02% and -1.32% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 47.92, while the 7-day volatility ratio is showing 2.75% which for the 30-day chart, stands at 2.97%. Furthermore, Paramount Group Inc (PGRE)’s beta value is 1.24, and its average true range (ATR) is 0.15.
A comparison of Paramount Group Inc (PGRE) with its peers suggests the former has fared considerably weaker in the market. PGRE showed an intraday change of -2.28% in last session, and over the past year, it grew by 4.92%%.
Data on historical trading for Paramount Group Inc (NYSE:PGRE) indicates that the trading volumes over the past 10 days have averaged 0.75 and over the past 3 months, they’ve averaged 977.74K. According to company’s latest data on outstanding shares, there are 217.52 million shares outstanding.
Nearly 15.94% of Paramount Group Inc’s shares belong to company insiders and institutional investors own 65.94% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.3 million shares as on 2025-01-31, resulting in a short ratio of 2.87. According to the data, the short interest in Paramount Group Inc (PGRE) stood at 288.00 of shares outstanding as of 2025-01-31; the number of short shares registered in 2024-12-31 reached 3.04 million. The stock has fallen by -4.66% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PGRE stock heading into the next quarter.
