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Paramount Group stock hits 52-week high at 7.41 USD

Published 04/09/2025, 14:44
Paramount Group stock hits 52-week high at 7.41 USD
PGRE
2.03%

Paramount Group Inc (NYSE:PGRE) reached a 52-week high, with its stock price climbing to 7.41 USD. This milestone marks a significant recovery and growth for the real estate investment trust, which has seen a remarkable 71% increase over the past six months alone. According to InvestingPro data, the company maintains a healthy current ratio of 1.68, indicating strong liquidity, though technical indicators suggest the stock may be entering overbought territory. The company’s performance in the real estate sector has been bolstered by strategic investments and favorable market conditions, driving investor confidence and contributing to the stock’s upward trajectory. While the company shows strong momentum with a revenue growth of 35.23% in the last twelve months, InvestingPro analysis indicates analysts don’t expect profitability this year. As Paramount Group continues to navigate the evolving market landscape, investors seeking deeper insights can access 8 additional ProTips and comprehensive analysis through the Pro Research Report, available exclusively on InvestingPro.

In other recent news, Paramount Group has reported its second-quarter 2025 earnings, showing a revenue beat while missing earnings per share (EPS) expectations. The company achieved actual revenue of $177.05 million, which exceeded the forecast of $170.3 million, marking a 3.96% surprise. However, the EPS was -$0.09, falling short of the anticipated -$0.05. In addition to its earnings report, Paramount Group has progressed to the second round of its sales process, attracting multiple bidders. Among the interested parties are significant names in the commercial real estate sector, such as SL Green, Empire State Realty Trust, Vornado, Blackstone, and a consortium including DivcoWest, Saray Capital, and Rithm Capital. These developments highlight recent significant activities for the company.

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