The time has not yet come to remove your chips from the table: Paramount Group Inc. (PGRE)

Paramount Group Inc. (NYSE: PGRE) stock fell -4.30% on Friday to $6.67 against a previous-day closing price of $6.97. With 1.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.09 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $7.04 whereas the lowest price it dropped to was $6.66. The 52-week range on PGRE shows that it touched its highest point at $11.53 and its lowest point at $6.73 during that stretch. It currently has a 1-year price target of $9.50. With its current market cap of 1.48 billion, PGRE has annualized dividend of $0.31 while the current yield stands at 4.65%. Beta for the stock currently stands at 1.21.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PGRE was down-trending over the past week, with a drop of -4.99%, but this was down by -8.50% over a month. Three-month performance dropped to -8.88% while six-month performance fell -38.24%. The stock lost -22.17% in the past year, while it has lost -20.02% so far this year. A look at the trailing 12-month EPS for PGRE yields 0.01 with Next year EPS estimates of 0.10. For the next quarter, that number is 0.02. This implies an EPS growth rate of -5.50% for this year and 0.00% for next year.

Float and Shares Shorts:

At present, 222.97 million PGRE shares are outstanding with a float of 191.40 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.85 million, which was 3.13% higher than short shares on Jun 14, 2022. In addition to Mr. Albert P. Behler as the firm’s Chairman, CEO & Pres, Mr. Wilbur Paes CPA serves as its COO, CFO & Treasurer.

Institutional Ownership:

Through their ownership of 67.18% of PGRE’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 38.22% of PGRE, in contrast to 29.19% held by mutual funds. Shares owned by individuals account for 15.35%. As the largest shareholder in PGRE with 11.77% of the stake, The Vanguard Group, Inc. holds 26,514,019 shares worth 26,514,019. A second-largest stockholder of PGRE, Norges Bank Investment Management, holds 19,882,031 shares, controlling over 8.82% of the firm’s shares. BlackRock Fund Advisors is the third largest shareholder in PGRE, holding 14,891,593 shares or 6.61% stake. With a 8.82% stake in PGRE, the Government Pension Fund – Global is the largest stakeholder. A total of 19,882,031 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 3.57% of PGRE stock, is the second-largest Mutual Fund holder. It holds 8,039,427 shares valued at 55.71 million. Vanguard Total Stock Market Index holds 2.49% of the stake in PGRE, owning 5,606,060 shares worth 38.85 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PGRE since 7 analysts follow the stock currently. There are 3 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PGRE analysts setting a high price target of $15.00 and a low target of $6.00, the average target price over the next 12 months is $9.86. Based on these targets, PGRE could surge 124.89% to reach the target high and fall by -10.04% to reach the target low. Reaching the average price target will result in a growth of 47.83% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PGRE will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $0.10 being high and -$0.03 being low. For PGRE, this leads to a yearly average estimate of $0.03. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $0.02 and the low estimate is -$0.01. The average estimate for the next quarter is thus $0.00.

Summary of Insider Activity:

Insiders traded PGRE stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 2 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 27,714 while 0 shares were sold.

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