Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks presents investors with the better value opportunity right now?
Paramount Group (PGRE) shares edged higher Friday as the real estate investment trust (REIT) that specializes in commercial properties suspended its regular quarterly dividend of $0.035 that was to be paid Oct. 15.
Paramount Global (PARAA) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.
Larry Ellison, the billionaire co-founder of Oracle Corp (NYSE:ORCL, ETR:ORC), will control Paramount Global (NASDAQ:PARA) after a group led by his son David takes over the entertainment firm, a regulatory filing has revealed. David Ellison's Skydance Media is purchasing National Amusements, the company that controls Paramount, in a deal valued at about $8 billion.
CBS parent Paramount Global will be controlled by software billionaire Larry Ellison after a group led by his son David completes its purchase of the Redstone family's interest in the film and TV company, Bloomberg News reported on Thursday, citing a regulatory filing.
NEW YORK, NY / ACCESSWIRE / August 29, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
NEW YORK, NY / ACCESSWIRE / August 28, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.
Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?
Despite market negativity on the Skydance deal, I consider Paramount to be an attractive investment with an asymmetrical risk/reward ratio. Class B shareholders can sell 48-100% of their shares at $15 each, offering a 42.6% return with minimal risk. Only the remaining 0-52% of the shares are at risk, with a high margin of safety at the current market price.
The merger between entertainment giant Paramount and media company Skydance is set to go ahead after Edgar Bronfman Jr. withdrew a competing offer.
Edgar Bronfman Jr. walked away from his 11th hour bid for Paramount as the clock ran out on the process, people familiar with the matter said. Bronfman had planned to boost his bid to about $6 billion, but the amount raised as of Monday was closer to $5 billion after some potential investors dropped out, the people said.
NEW YORK, NY / ACCESSWIRE / August 27, 2024 / The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who own Paramount Global ("PARA" or the "Company") (NASDAQ:PARA) stock purchased prior to July 7, 2024. You are hereby notified that Levi & Korsinsky, LLP has commenced an investigation into the fairness of the merger of Skydance with Paramount, whether the Board of PARA has harmed stockholders by agreeing to enter into this transaction, and whether all material facts have been properly disclosed to stockholders.