NYSE:PGRE

Paramount Group (PGRE) Stock Price, News & Analysis

$4.81
+0.01 (+0.21%)
(As of 05/3/2024 ET)
Today's Range
$4.74
$5.10
50-Day Range
$4.31
$4.83
52-Week Range
$4.06
$5.92
Volume
971,991 shs
Average Volume
948,841 shs
Market Capitalization
$1.05 billion
P/E Ratio
N/A
Dividend Yield
2.91%
Price Target
$4.60

Paramount Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
4.4% Downside
$4.60 Price Target
Short Interest
Healthy
3.89% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.87
Upright™ Environmental Score
News Sentiment
0.48mentions of Paramount Group in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-18.42%
From $0.76 to $0.62 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.24 out of 5 stars

Finance Sector

474th out of 874 stocks

Real Estate Investment Trusts Industry

98th out of 181 stocks

PGRE stock logo

About Paramount Group Stock (NYSE:PGRE)

Paramount Group, Inc. ("Paramount" or the "Company") is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.

PGRE Stock Price History

PGRE Stock News Headlines

FW: 234x Gain
This coin is an essential building block for an ongoing financial revolution of massive dimensions. As a big part of this revolution, the big banks of the world must connect to the blockchain.
FW: 234x Gain
This coin is an essential building block for an ongoing financial revolution of massive dimensions. As a big part of this revolution, the big banks of the world must connect to the blockchain.
Paramount Announces First Quarter 2024 Results
7 REITs to Sell in March Before They Crash & Burn
See More Headlines
Receive PGRE Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Paramount Group and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 4/15 Dividend
3/27/2024
Dividend Payable
4/15/2024
Today
5/05/2024
Next Earnings (Estimated)
7/29/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Previous Symbol
NASDAQ:PGRE
Fax
N/A
Employees
329
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$4.60
High Stock Price Target
$6.00
Low Stock Price Target
$3.50
Potential Upside/Downside
-4.4%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
5 Analysts

Profitability

Net Income
$-259,740,000.00
Pretax Margin
-48.63%

Debt

Sales & Book Value

Annual Sales
$742.79 million
Book Value
$18.77 per share

Miscellaneous

Free Float
187,990,000
Market Cap
$1.05 billion
Optionable
Optionable
Beta
1.20
10 Best Cheap Stocks to Buy Now Cover

MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.

Get This Free Report

Key Executives

  • Mr. Albert Paul Thomas Behler (Age 72)
    Chairman, CEO & President
    Comp: $2.99M
  • Mr. Wilbur Paes CPA (Age 47)
    COO, CFO & Treasurer
    Comp: $1.87M
  • Mr. Gage Johnson (Age 62)
    Senior VP, General Counsel & Secretary
    Comp: $864.87k
  • Mr. Peter R.C. Brindley (Age 47)
    Executive VP & Head of Real Estate
    Comp: $1.48M
  • Ms. Ermelinda Berberi (Age 43)
    Senior VP & Chief Accounting Officer
  • Mr. Thomas Francis Hennessy III
    Vice President of Business Development & Investor Relations
  • Mr. Vito Messina (Age 61)
    Senior Vice President of Asset Management
  • Mr. David S. Eaton
    Senior Vice President of Leasing

PGRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Group stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" PGRE shares.
View PGRE analyst ratings
or view top-rated stocks.

What is Paramount Group's stock price target for 2024?

5 Wall Street analysts have issued 1 year price objectives for Paramount Group's shares. Their PGRE share price targets range from $3.50 to $6.00. On average, they expect the company's share price to reach $4.60 in the next year. This suggests that the stock has a possible downside of 4.4%.
View analysts price targets for PGRE
or view top-rated stocks among Wall Street analysts.

How have PGRE shares performed in 2024?

Paramount Group's stock was trading at $5.17 at the start of the year. Since then, PGRE shares have decreased by 7.0% and is now trading at $4.81.
View the best growth stocks for 2024 here
.

Are investors shorting Paramount Group?

Paramount Group saw a drop in short interest in the month of April. As of April 15th, there was short interest totaling 6,930,000 shares, a drop of 18.4% from the March 31st total of 8,490,000 shares. Based on an average daily trading volume, of 1,240,000 shares, the short-interest ratio is currently 5.6 days. Approximately 3.9% of the company's shares are sold short.
View Paramount Group's Short Interest
.

When is Paramount Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our PGRE earnings forecast
.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) announced its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $0.02 EPS for the quarter, missing the consensus estimate of $0.23 by $0.21. Paramount Group had a negative net margin of 33.85% and a negative trailing twelve-month return on equity of 6.01%. During the same quarter in the prior year, the firm earned $0.23 earnings per share.

How often does Paramount Group pay dividends? What is the dividend yield for Paramount Group?

Paramount Group declared a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.035 per share on Monday, April 15th. This represents a $0.14 annualized dividend and a dividend yield of 2.91%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for PGRE
.

Is Paramount Group a good dividend stock?

Paramount Group (NYSE:PGRE) pays an annual dividend of $0.14 per share and currently has a dividend yield of 2.91%.
Read our dividend analysis for PGRE.

What ETFs hold Paramount Group's stock?

ETFs with the largest weight of Paramount Group (NYSE:PGRE) stock in their portfolio include VanEck Office and Commercial REIT ETF (DESK).Cambria Global Real Estate ETF (BLDG).

What guidance has Paramount Group issued on next quarter's earnings?

Paramount Group updated its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 0.750-0.810 for the period, compared to the consensus EPS estimate of 0.750. The company issued revenue guidance of -.

What is Albert P Behler's approval rating as Paramount Group's CEO?

5 employees have rated Paramount Group Chief Executive Officer Albert P Behler on Glassdoor.com. Albert P Behler has an approval rating of 55% among the company's employees. This puts Albert P Behler in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Paramount Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Group investors own include Advanced Micro Devices (AMD), Simon Property Group (SPG), American Homes 4 Rent (AMH), Bed Bath & Beyond (BBBY), Cisco Systems (CSCO), Ford Motor (F), Freeport-McMoRan (FCX), Kimco Realty (KIM) and Kinder Morgan (KMI).

When did Paramount Group IPO?

Paramount Group (PGRE) raised $2.3 billion in an IPO on Wednesday, November 19th 2014. The company issued 131,000,000 shares at $16.00-$19.00 per share. BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities and Deutsche Bank Securities served as the underwriters for the IPO and Citigroup, Credit Suisse, Goldman Sachs, J.P. Morgan, RBC Capital Markets and UBS Investment Bank were co-managers.

Who are Paramount Group's major shareholders?

Paramount Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.09%), BNP Paribas Financial Markets (0.05%), Ballentine Partners LLC (0.01%) and Team Hewins LLC (0.01%). Insiders that own company stock include Albert P Behler, Gage R Johnson and Thomas Armbrust.
View institutional ownership trends
.

How do I buy shares of Paramount Group?

Shares of PGRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PGRE) was last updated on 5/5/2024 by MarketBeat.com Staff

From Our Partners