Paramount Group (PGRE) is a Great Momentum Stock: Should You Buy?

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Paramount Group (PGRE) - Paramount Group currently holds a Momentum Style Score of A, indicating strong momentum characteristics [3] - The company has a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to the market [4] Performance Metrics - PGRE shares have increased by 6.71% over the past week, outperforming the Zacks REIT and Equity Trust - Other industry, which rose by 1.14% [6] - Over the last quarter, PGRE shares rose by 12.4%, and over the past year, they increased by 36.27%, while the S&P 500 saw gains of 11.03% and 17.4%, respectively [7] - The average 20-day trading volume for PGRE is 2,857,351 shares, indicating strong trading activity [8] Earnings Outlook - In the past two months, one earnings estimate for PGRE has increased, raising the consensus estimate from $0.52 to $0.54 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10] Conclusion - Given the strong performance metrics and positive earnings outlook, PGRE is positioned as a promising investment opportunity with a Momentum Score of A [12]