New insider activity at Paramount Group ( (PGRE) ) has taken place on March 18, 2025.
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Albert Behler, the Chairman of the Board, CEO, and President of Paramount Group, has made a significant investment by purchasing 100,000 shares of the company’s stock. This transaction is valued at $403,000, showcasing his confidence in the company’s future prospects.
Recent Updates on PGRE stock
Paramount Group’s recent developments include the release of its Q4 2024 earnings report, which showed a net loss attributable to common stockholders of $38.6 million, a significant improvement from the previous year’s loss. The company reported a decrease in Core Funds from Operations (Core FFO) and faced challenges such as impairment losses and market difficulties, particularly in San Francisco. Despite these challenges, Paramount remains optimistic, highlighting strong leasing activity and sustainability achievements. The company also completed a significant transaction by selling a 45% equity interest in a New York City office building, which contributed to reducing its revolving credit facility commitments. Looking ahead, Paramount Group has provided guidance for 2025, estimating a net loss per diluted share and a decrease in Core FFO due to lease expirations and reduced income. The company’s strategic focus on high-quality assets and market improvements offers a cautiously optimistic outlook for the future.
More about Paramount Group
YTD Price Performance: -19.56%
Average Trading Volume: 1,094,344
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.03B