Fed governors may dissent against Powell amid Trump pressure - WSJ’s Timiraos
Paramount Group, Inc. (NYSE:PGRE) Chairman, CEO, and President Albert P. Behler recently acquired 10,000 shares of the company’s common stock, according to a recent SEC filing. The transaction, which took place on March 21, 2025, was executed at a weighted average price of $4.147 per share, totaling approximately $41,470. Following this purchase, Behler’s direct ownership in the company stands at 751,812 shares. The stock acquisition was carried out in multiple trades at prices ranging from $4.135 to $4.160.The insider purchase comes as Paramount Group trades at a notably low Price/Book ratio of 0.32, according to InvestingPro data. While the company’s current market capitalization stands at $992 million, it maintains a FAIR financial health score despite not being profitable over the last twelve months. For deeper insights into PGRE’s valuation and financial metrics, including 7 additional key ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Paramount Group Inc . disclosed its fourth-quarter 2024 financial results, presenting a mixed performance. The company’s earnings per share (EPS) were reported at -$0.18, significantly missing the forecasted -$0.05. However, revenue exceeded expectations, coming in at $186.27 million compared to the projected $180.42 million. Despite the earnings miss, the company’s revenue performance suggests strong operational capabilities. Paramount Group also achieved a GRESB 5-star rating, highlighting its leadership in ESG practices. The company plans to enhance amenities in its San Francisco properties to attract tenants, as it anticipates ongoing market challenges. For 2025, Paramount provides Core FFO guidance between $0.51 and $0.57 per share, and expects continued challenges due to significant lease expirations in San Francisco. The company recently closed the sale of a 45% interest in 900 Third Avenue, raising approximately $95 million in net proceeds, which strengthens its balance sheet.
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