Paramount Group Inc. [PGRE] Revenue clocked in at $722.60 million, up 0.55% YTD: What’s Next?

Paramount Group Inc. [NYSE: PGRE] stock went on an upward path that rose over 1.79% on Thursday, amounting to a one-week price decrease of less than -7.90%. The company report on August 2, 2021 that Paramount Completes $860 Million Refinancing of 1301 Avenue of the Americas.

Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced that it has completed an $860 million refinancing of 1301 Avenue of the Americas, a 1.7 million square-foot trophy office building, located between 52nd and 53rd Streets in Midtown Manhattan, that is currently 71.5% leased.

The new five-year interest-only loan has an initial weighted average interest rate of 2.96% and is comprised of a $500 million tranche that bears interest at a fixed rate of 3.11% and a $360 million tranche that bears interest at a variable rate of LIBOR plus 2.65%. The proceeds from the refinancing were used to repay the existing $850 million loan that was scheduled to mature in November 2021.

Over the last 12 months, PGRE stock rose by 29.67%. The one-year Paramount Group Inc. stock forecast points to a potential upside of 22.64. The average equity rating for PGRE stock is currently 3.00, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $2.01 billion, with 218.70 million shares outstanding and 185.04 million shares in the current float. Compared to the average trading volume of 2.04M shares, PGRE stock reached a trading volume of 2215003 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Paramount Group Inc. [PGRE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PGRE shares is $11.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PGRE stock is a recommendation set at 3.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Mizuho have made an estimate for Paramount Group Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on July 14, 2021. The new note on the price target was released on June 14, 2021, representing the official price target for Paramount Group Inc. stock. Previously, the target price had yet another raise from $8 to $11, while Mizuho kept a Neutral rating on PGRE stock. On January 11, 2021, analysts increased their price target for PGRE shares from 7 to 8.

The Average True Range (ATR) for Paramount Group Inc. is set at 0.32, with the Price to Sales ratio for PGRE stock in the period of the last 12 months amounting to 2.79. The Price to Book ratio for the last quarter was 0.55, with the Price to Cash per share for the same quarter was set at 2.15. Price to Free Cash Flow for PGRE in the course of the last twelve months was 12.10.

PGRE Stock Performance Analysis:

Paramount Group Inc. [PGRE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -7.90. With this latest performance, PGRE shares dropped by -9.10% in over the last four-week period, additionally plugging by 1.11% over the last 6 months – not to mention a rise of 29.67% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PGRE stock in for the last two-week period is set at 33.33, with the RSI for the last a single of trading hit 29.94, and the three-weeks RSI is set at 36.01 for Paramount Group Inc. [PGRE]. The present Moving Average for the last 50 days of trading for this stock 10.38, while it was recorded at 9.32 for the last single week of trading, and 9.56 for the last 200 days.

Insight into Paramount Group Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Paramount Group Inc. [PGRE] shares currently have an operating margin of +15.38 and a Gross Margin at +29.61. Paramount Group Inc.’s Net Margin is presently recorded at -2.75.

Return on Total Capital for PGRE is now 1.30, given the latest momentum, and Return on Invested Capital for the company is -0.26. Return on Equity for this stock declined to -0.53, with Return on Assets sitting at -0.23. When it comes to the capital structure of this company, Paramount Group Inc. [PGRE] has a Total Debt to Total Equity ratio set at 105.57. Additionally, PGRE Total Debt to Total Capital is recorded at 51.36, with Total Debt to Total Assets ending up at 45.09. Long-Term Debt to Equity for the company is recorded at 105.57, with the Long-Term Debt to Total Capital now at 51.36.

Reflecting on the efficiency of the workforce at the company, Paramount Group Inc. [PGRE] managed to generate an average of -$60,907 per employee. Receivables Turnover for the company is 2.01 with a Total Asset Turnover recorded at a value of 0.08.

Paramount Group Inc. [PGRE] Insider Position Details

There are presently around $1,216 million, or 64.10% of PGRE stock, in the hands of institutional investors. The top three institutional holders of PGRE stocks are: VANGUARD GROUP INC with ownership of 25,628,367, which is approximately 1.08% of the company’s market cap and around 0.10% of the total institutional ownership; NORGES BANK, holding 19,882,031 shares of the stock with an approximate value of $180.73 million in PGRE stocks shares; and BLACKROCK INC., currently with $117.77 million in PGRE stock with ownership of nearly 5.025% of the company’s market capitalization.

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Positions in Paramount Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 108 institutional holders increased their position in Paramount Group Inc. [NYSE:PGRE] by around 21,515,428 shares. Additionally, 81 investors decreased positions by around 21,603,925 shares, while 12 investors held positions by with 90,638,619 shares. The mentioned changes placed institutional holdings at 133,757,972 shares, according to the latest SEC report filing. PGRE stock had 35 new institutional investments in for a total of 3,665,430 shares, while 28 institutional investors sold positions of 13,590,790 shares during the same period.

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