Paramount Group (PGRE) Shares are Up 1.58%

Paramount Group (PGRE) : Traders are bullish on Paramount Group (PGRE) as it has outperformed the S&P 500 by a wide margin of 2.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.07%, 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 1.58% in the last 1 week, and is up 2.81% 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 1.44% and the 50-Day Moving Average is 5.58%.The 200 Day SMA reached 8.73%. Paramount Group, Inc. is up 11.42% in the last 3-month period. Year-to-Date the stock performance stands at 0.4%.


Paramount Group (NYSE:PGRE): After opening at $17.98, the stock dipped to an intraday low of $17.83 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.18 and the buying power remained strong till the end. The stock closed at $17.95 for the day, a gain of 0.34% for the day session. The total traded volume was 653,807. The stocks close on the previous trading day was $17.89.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.