Paramount Group, Inc. is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (D.C.) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership). The Company's segments include New York, Washington, D.C. and San Francisco. As of December 31, 2016, the Company's portfolio consisted of 13 Class A office properties aggregating approximately 10.8 million square feet that was 93.3% leased and 90.9% occupied. The Company also has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals.
Industry, Sector and Symbol:
- Sector: Financials
- Industry: Office REITs
- Sub-Industry: N/A
- Symbol: NASDAQ:PGRE
- CUSIP: N/A
- Web: www.paramount-group.com/
- Market Cap: $3.82 billion
- Outstanding Shares: 238,769,000
- 50 Day Moving Avg: $15.89
- 200 Day Moving Avg: $16.11
- 52 Week Range: $14.58 - $17.58
Sales & Book Value:
- Trailing P/E Ratio: 37.91
- Foreward P/E Ratio: 1,600.00
- P/E Growth: 0.51
- Annual Revenue: $708.66 million
- Price / Sales: 5.39
- Book Value: $17.57 per share
- Price / Book: 0.91
- EBIDTA: $384.89 million
- Net Margins: 77.76%
- Return on Equity: 10.10%
- Return on Assets: 6.37%
- Average Volume: 1.21 million shs.
- Short Ratio: 4.8
Frequently Asked Questions for Paramount Group (NASDAQ:PGRE)
What is Paramount Group's stock symbol?
Paramount Group trades on the NASDAQ under the ticker symbol "PGRE."
How often does Paramount Group pay dividends? What is the dividend yield for Paramount Group?
Paramount Group announced a quarterly dividend on Friday, September 15th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.095 per share on Friday, October 13th. This represents a $0.38 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Thursday, September 28th. View Paramount Group's Dividend History.
How will Paramount Group's stock buyback program work?
Paramount Group announced that its board has authorized a share buyback plan on Friday, August 4th 2017, which permits the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 5.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board believes its stock is undervalued.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NASDAQ:PGRE) announced its earnings results on Thursday, August, 3rd. The company reported $0.23 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.21 by $0.02. The company had revenue of $177.70 million for the quarter, compared to the consensus estimate of $170.11 million. Paramount Group had a net margin of 77.76% and a return on equity of 10.10%. The firm's revenue was up 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.23 earnings per share. View Paramount Group's Earnings History.
When will Paramount Group make its next earnings announcement?
What guidance has Paramount Group issued on next quarter's earnings?
Paramount Group updated its FY17 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of $0.86-0.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.86.
Where is Paramount Group's stock going? Where will Paramount Group's stock price be in 2017?
6 brokers have issued 1 year price targets for Paramount Group's stock. Their forecasts range from $15.00 to $19.00. On average, they anticipate Paramount Group's stock price to reach $16.10 in the next year. View Analyst Ratings for Paramount Group.
Who are some of Paramount Group's key competitors?
Some companies that are related to Paramount Group include Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Gramercy Property Trust (GPT), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Piedmont Office Realty Trust (PDM), Mack-Cali Realty Corporation (CLI), Parkway Properties (PKY), TIER REIT (TIER), NorthStar Realty Europe Corp. (NRE), City Office REIT (CIO) and Franklin Street Properties Corp. (FSP).
Who are Paramount Group's key executives?
Paramount Group's management team includes the folowing people:
- Albert Behler, Chairman of the Board, President, Chief Executive Officer
- Wilbur N. Paes, Chief Financial Officer, Executive Vice President, Treasurer
- Daniel A. Lauer, Executive Vice President, Chief Investment Officer
- Jolanta K. Bott, Executive Vice President, Operations Human Resources
- Theodore J. Koltis, Executive Vice President, Leasing
- Gage R. Johnson, Senior Vice President, General Counsel, Secretary
- Ralph J. Diruggiero, Senior Vice President, Property Management
- Vito Messina, Senior Vice President, Asset Management
- Peter David Linneman Ph.D., Lead Independent Director
- Thomas Armbrust, Director
When did Paramount Group IPO?
(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 owns Paramount Group stock?
Paramount Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (13.03%), BlackRock Inc. (5.67%), Lasalle Investment Management Securities LLC (2.85%), FMR LLC (2.53%), PGGM Investments (2.09%) and State Street Corp (2.00%). View Institutional Ownership Trends for Paramount Group.
Who sold Paramount Group stock? Who is selling Paramount Group stock?
Paramount Group's stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., FMR LLC, Virginia Retirement Systems ET AL, AXA, Lasalle Investment Management Securities LLC, Eagle Asset Management Inc., Wells Fargo & Company MN and Employees Retirement System of Texas. View Insider Buying and Selling for Paramount Group.
Who bought Paramount Group stock? Who is buying Paramount Group stock?
Paramount Group's stock was bought by a variety of institutional investors in the last quarter, including Vanguard Group Inc., BlackRock Inc., Balyasny Asset Management LLC, American Century Companies Inc., Los Angeles Capital Management & Equity Research Inc., Northern Trust Corp, Standard Life Investments LTD and Westpac Banking Corp. View Insider Buying and Selling for Paramount Group.
How do I buy Paramount Group stock?
Shares of Paramount Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Paramount Group's stock price today?
MarketBeat Community Rating for Paramount Group (NASDAQ PGRE)MarketBeat's community ratings are surveys of what our community members think about Paramount Group and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Paramount Group stock can currently be purchased for approximately $16.00.
Consensus Ratings for Paramount Group (NASDAQ:PGRE) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||3 Sell Ratings, 3 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$16.10 (0.63% upside)|
Analysts' Ratings History for Paramount Group (NASDAQ:PGRE)
(Data available from 9/25/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/10/2017||Mizuho||Downgrade||Neutral -> Underperform||$17.00 -> $15.00||Medium|
|6/22/2017||Goldman Sachs Group, Inc. (The)||Initiated Coverage||Sell -> Sell||$15.00||Low|
|6/13/2017||Morgan Stanley||Downgrade||Equal Weight -> Underweight||$17.50 -> $15.00||High|
|4/17/2017||Evercore ISI||Upgrade||In-Line -> Outperform||Medium|
|3/20/2017||Deutsche Bank AG||Lower Price Target||Buy||$20.00 -> $19.00||Low|
|12/13/2016||Wells Fargo & Company||Upgrade||Market Perform -> Outperform||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
Earnings History for Paramount Group (NASDAQ:PGRE)Earnings History by Quarter for Paramount Group (NASDAQ PGRE)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/3/2017||Q2 2017||$0.21||$0.23||$170.11 million||$177.70 million||View||Listen|
|5/4/2017||Q1 2017||$0.20||$0.22||$171.42 million||$181.24 million||View||Listen|
|2/22/2017||Q416||$0.20||$0.18||$171.95 million||$166.80 million||View||N/A|
|11/2/2016||Q316||$0.19||$0.20||$166.14 million||$171.32 million||View||N/A|
|8/4/2016||Q216||$0.20||$0.23||$159.90 million||$172.30 million||View||N/A|
Earnings Estimates for Paramount Group (NASDAQ:PGRE)
2017 EPS Consensus Estimate: $0.85
2018 EPS Consensus Estimate: $1.06
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History by Quarter for Paramount Group (NASDAQ PGRE)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Headline Trends for Paramount Group (NASDAQ:PGRE)
Latest Headlines for Paramount Group (NASDAQ:PGRE)
Paramount Group (PGRE) Chart for Monday, September, 25, 2017