Paramount Group (PGRE) : Traders are bullish on Paramount Group (PGRE) as it has outperformed the S&P 500 by a wide margin of 7.68% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.69%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.62% in the last 1 week, and is up 11.3% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.45% and the 50-Day Moving Average is 8.62%. Paramount Group, Inc. is up 6.23% in the last 3-month period. Year-to-Date the stock performance stands at -1.39%.
Paramount Group (NYSE:PGRE): stock turned positive on Friday. Though the stock opened at $17.23, the bulls momentum made the stock top out at $17.65 level for the day. The stock recorded a low of $17.23 and closed the trading day at $17.63, in the green by 2.08%. The total traded volume for the day was 993,073. The stock had closed at $17.27 in the previous days trading.
Paramount Group, Inc. (Paramount) is a real estate investment trust (REIT) focused on owning, operating and managing Class A office properties in central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount conducts its business primarily through Paramount Group Operating Partnership LP. As of December 31, 2014, Paramounts portfolio consisted of 12 Class A office properties aggregating approximately 10.4 million square feet that was 93.9% leased. Paramount has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals. Paramounts private equity real estate funds (the Property Funds) invest in office buildings and related facilities primarily in New York City, Washington, D.C. and San Francisco. The Alternative Investment Funds invest in real estate related debt and preferred equity investments.