Paramount Group ($PGRE) Emerges as a Top Gainer: Ascending by +6.02% 📈🏢
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The real estate sector, with its myriad intricacies, constantly offers traders opportunities to capitalize on price shifts. One such standout this week has been Paramount Group (NYSE: PGRE), clocking in a remarkable upward journey.
🚀 Weekly Performance Highlights:
Having begun the week at a moderate pace, Paramount Group turned heads with its stellar +6.02% surge, positioning itself at $4.58 per share. This performance was especially notable amidst a week when AI analytics showed that almost 71% of the 392 stocks under the Real Estate Investment Trusts Industry umbrella experienced an uptick.
📈 Trend Analysis Insights:
A crucial turning point was witnessed on October 17, 2023, when PGRE's stock price ascended beyond its 50-day Moving Average. Historical data indicates that such a movement often serves as a beacon for potential bullishness. With a past success rate of 70%, the odds appear to be in favor of investors considering a buy.
📊 Earnings and Dividends:
However, not all was rosy for Paramount Group. The earnings report released on July 31 showcased an earnings per share of -21 cents, missing the zero cent estimate. With a current market capitalization of $995.26M backed by 314.75K shares, the financial landscape remains intriguing. Shareholders were treated to a dividend of $0.04 per share, with key dates being September 28, 2023, as the ex-dividend date, and October 13, 2023, as the record date. An essential reminder for investors: dividends are off the table if stocks are bought on or post the ex-dividend date.
🏢 Industry Overview:
The REIT arena, inhabited by giants like PROLOGIS, American Tower Corp, Simon Property Group, and others, plays a vital role in the U.S. economy. These trusts, specializing in diverse real estate assets from offices to warehouses, primarily aim to offer consistent dividends to shareholders. Owing to their regulatory mandate, they distribute at least 90% of their taxable annual income. While some REITs, such as hotel-focused ones, are cyclical and sensitive to economic tremors, others like healthcare REITs tend to weather economic downturns more resiliently.
🌐 Market Landscape:
The broader REIT market capitalization averages at $4.67B. In this expansive industry, valuations fluctuate between a meager 51.9K (PDNLB) and a whopping 243.79B with COFRF reigning supreme.
📉 Price and Volume Dynamics:
While PGRE basked in its gains, the industry witnessed a weekly price dip of 2%. The monthly and quarterly trajectories too seemed bearish with declines of 7%. SLTTF led the pack with a 12% price leap, while PRETN trailed at a substantial 23% drop. The trading volume over the week, month, and quarter dwindled by 65%, 63%, and 57% respectively.
🔍 Fundamental Ratings:
An analytical breakdown reveals:
- Valuation Rating: 50
- P/E Growth Rating: 58
- Price Growth Rating: 50
- SMR Rating: 80
- Profit Risk Rating: 86
Paramount Group's recent surge has undoubtedly made it a focal point for traders. While its climb is promising, the overarching industry trends and metrics warrant a comprehensive strategy. For traders eyeing REITs, PGRE's journey offers valuable insights. Proceed with an informed stance! 🏢📈🔍
PGRE in downward trend: price dove below 50-day moving average on December 10, 2024
PGRE moved below its 50-day moving average on December 10, 2024 date and that indicates a change from an upward trend to a downward trend. In of 53 similar past instances, the stock price decreased further within the following month. The odds of a continued downward trend are .
Technical Analysis (Indicators)
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for PGRE turned negative on December 19, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 62 similar instances when the indicator turned negative. In of the 62 cases the stock turned lower in the days that followed. This puts the odds of success at .
The 10-day moving average for PGRE crossed bearishly below the 50-day moving average on November 20, 2024. This indicates that the trend has shifted lower and could be considered a sell signal. In of 24 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PGRE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PGRE entered a downward trend on December 20, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Momentum Indicator moved above the 0 level on December 20, 2024. You may want to consider a long position or call options on PGRE as a result. In of 104 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PGRE advanced for three days, in of 270 cases, the price rose further within the following month. The odds of a continued upward trend are .
PGRE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. PGRE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.309) is normal, around the industry mean (1.982). PGRE has a moderately high P/E Ratio (303.030) as compared to the industry average of (62.378). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (7.058). Dividend Yield (0.031) settles around the average of (0.068) among similar stocks. P/S Ratio (1.329) is also within normal values, averaging (7.099).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PGRE’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a real estate investment trust
Industry RealEstateInvestmentTrusts