Director, 10% Owner Otto-Bernstein Katharina acquired 100,000 shares in Paramount Group, Inc. (NYSE:PGRE) for $12,131,489 in transaction occurred on 2016/12/01. After making this transaction, the Director, 10% Owner owns a direct stake of 1,559,000 shares, worth $176,000,000, as per the last closing price. On 2016/11/29 Otto-Bernstein Katharina, Director, 10% Owner at PGRE, purchased 100,000 shares at an average price of $15.69 per share. The new stake is valued at $174,000,000.
Separately, it had been reported that some other PGRE insiders also took part of the insider trading activity. Director, 10% Owner, Otto-Bernstein Katharina had invested in 100,000 shares for $11,931,489 through a trade on 2016/11/22. Following this activity, the insider holds 1,574,000 shares worth $173,000,000 as of recent close. Wall Street’s most bullish Paramount Group, Inc. (NYSE:PGRE) analysts are predicting the share price to blow past $21 per share during the next 12 months. The current median share price forecast by them is $16.25, suggesting that the stock could increase 12.3% in that time frame. The average price target of $16.72 calls for a nearly 15.55% increase in the stock price.
Paramount Group, Inc. (PGRE) trading activity significantly improved as the volume at ready counter increased to 2,988,867 shares versus 1,768,390 in average daily trading volume over the past 20 days. So far this year, the volume has averaged about 1,394,213 shares. The share price rose 2.33% in recent trade and currently has a stock-market value of $3.39B. The shares finished at $14.47, after trading as low as $13.79 earlier in the session. It hit an intraday high Thursday at $14.47. The stock is now 5.62% above against its bear-market low of $13.7 on February 12, 2018. It has retreated -11.61% since it’s 52-week high of $16.15 reached in December. Now the market price is down -9.34% on the year and down -8.71% YTD.
PGRE’s 50 day simple moving average (SMA 50) price is $14.4 and its 200-day simple moving average (SMA 200) price is $14.83. The company’s stock currently has a total float of 203.39M shares. Its weekly volatility is hovering around 2.45% and felt 1.88% volatility in price over a month. On the upside, the share price will test short term resistance at around $14.7. On a downside, the stock is likely to find some support, which begins at $14.01. The failure to get near-term support could push it to $13.56.
It had seen a negative analyst call from Evercore ISI, which downgraded the stock from Outperform to In-line on March 05. Analysts at Goldman, shed their negative views on February 06 by lifting it fromSell to Neutral. Analysts at Goldman, made their first call about the stock on June 22, recommending it is Sell.
Moreover, it trades for 137.81 times the next 12 months of expected earnings. Also, it is trading at rather inexpensive levels at just over 0.84x price/book and 4.54x price/sales. Compared to others, Paramount Group, Inc. is in a different league with regards to profitability, having net margins of -0.4%. To put some perspective around this, the industry’s average net margin is 54.93%. PGRE’s ROE is -0.1%, which is also considerably worse than the industry’s ROE of 7.3%.
Shares of Paramount Group, Inc. (PGRE) have dropped -0.5% since the company’s last earnings report. Over the past 12 fiscal quarters, Paramount Group, Inc. (NYSE:PGRE) has topped consensus earnings estimates in 1 quarters (8%), missed earnings in 11 quarters (91%), whereas at 0 occasion EPS met analyst expectations. PGRE last reported earnings on November 05, 2018 when it released Sep-18 results that receded expectations. The company raked in $0.03 per share, -99.88% change on the same period last year. That was worse than consensus for $0.04. Revenue for the recent quarter stood at $192.6 million, up 7% on last year and above the $190.3 million predicted by analysts. For this quarter, Wall Street analysts forecast revenue in a range of $178.62 million to $189.44 million, which should be compared with $188.35 million generated last year. EPS is seen in a range of $0.01 to $0.03, against the $0.03 reported a year ago.