Paramount Group Inc. (PGRE) receives a Neutral rating from BofA Securities


Paramount Group Inc.’s recent filing unveils that its Chairman, CEO and President Behler Albert P. acquired Company’s shares for reported $94540.0 on Aug 17. In the deal valued at $4.73 per share,20,000 shares were bought. As a result of this transaction, Behler Albert P. now holds 641,812 shares worth roughly $ 3.09 million.

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Then, Behler Albert P. bought 50,000 shares, generating $231,950 in total proceeds. Upon buying the shares at $4.64, the Chairman, CEO and President now owns 621,812 shares.

Before that, Behler Albert P. bought 50,000 shares. Paramount Group Inc. shares valued at $205,050 were divested by the Chairman, CEO and President at a price of $4.10 per share. As a result of the transaction, Behler Albert P. now holds 571,812 shares, worth roughly $2.75 million.

PT values the company’s stock at a premium of 12.55 to its Friday closing price.

Price Performance Review of PGRE

On Friday, Paramount Group Inc. [NYSE:PGRE] saw its stock fall -1.84% to $4.81. On the same session, the stock had its day’s lowest price of $4.795, but rose to a high of $4.97. Over the last five days, the stock has gained 1.48%. Paramount Group Inc. shares have fallen nearly -19.02% since the year began. Nevertheless, the stocks have fallen -33.29% over the past one year. While a 52-week high of $7.33 was reached on 02/02/23, a 52-week low of $3.90 was recorded on 03/23/23. SMA at 50 days reached $4.81, while 200 days put it at $5.18. A total of 0.69 million shares were traded, compared to the trading of 0.74 million shares in the previous session.

Levels Of Support And Resistance For PGRE Stock

The 24-hour chart illustrates a support level at 4.75, which if violated will result in even more drops to 4.68. On the upside, there is a resistance level at 4.92. A further resistance level may holdings at 5.03. The Relative Strength Index (RSI) on the 14-day chart is 48.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.08%. Stochastics %K at 63.64% indicates the stock is a holding.

How much short interest is there in Paramount Group Inc.?

A steep rise in short interest was recorded in Paramount Group Inc. stocks on Aug 14, 2023, growing by 0.28 million shares to a total of 11.47 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 11.19 million shares. There was a rise of 2.44%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.94% of the overall stock float, the days-to-cover ratio (short ratio) rose to 7.27.

Paramount Group Inc. [PGRE] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,140,742 shares, or roughly 11.57% of the outstanding PGRE shares. In other words, the investor’s shares have fallen by -1,169,841 from its previous 13-F filing of 26310583.0. Additionally, Norges Bank Investment Management decreased -7.56% of its stake after which the total value it holdings stand at $96,302,145, while BlackRock Fund Advisors added 1.83% of its stake to hold $94.34 million in the firm. Over the last quarter, SSgA Funds Management, Inc. sold -125,960 shares of Paramount Group Inc., while Jupiter Asset Management Ltd. sold 7,790,033 shares. At present, Charles Schwab Investment Managem is holding 4,353,393 shares valued at $22.81 million. Legal & General Investment Manage owned 4,158,172 shares of the company at the time of its most recent 13F filing, worth $21.79 million.

According to FactSet, Paramount Group Inc.’s share price will average $4.90 in the next year, based on opinions of analysts polled by the firm. This is up nearly 2.04 percent from its previous closing price of $4.90. Analysts expect Paramount Group Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $3.00. However, 7 analysts have rated PGRE stock as a Hold in their predictions for 2023.


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