PGRE Stock Summary and Trading Ideas (Paramount Group | NYSE:PGRE)

Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district (CBD) submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants.

Paramount Group trades on the NYSE stock market under the symbol PGRE.

As of April 19, 2024, PGRE stock price climbed to $4.57 with 828,466 million shares trading.

PGRE has a beta of 1.20, meaning it tends to be more sensitive to market movements. PGRE has a correlation of 0.12 to the broad based SPY ETF.

PGRE has a market cap of $993.36 million. This is considered a Small Cap stock.

In the last 3 years, PGRE stock traded as high as $11.65 and as low as $3.90.

The top ETF exchange traded funds that PGRE belongs to (by Net Assets): VNQ, VTI, VB, IWM, VBK.

PGRE has underperformed the market in the last year with a return of +3.1%, while the SPY ETF gained +21.2%. In the last 3 month period, PGRE fell short of the market, returning -7.5%, while SPY returned +3.0%. However, in the most recent 2 weeks PGRE has outperformed the stock market by returning 0.0%, while SPY returned -4.5%.

PGRE support price is $4.33 and resistance is $4.57 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PGRE stock will trade within this expected range on the day.