About Paramount Group (NASDAQ:PGRE)
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: N/A
- Industry: N/A
- Sub-Industry: N/A
- Symbol: NASDAQ:PGRE
- CUSIP: N/A
- Web: N/A
- Market Cap: $3.6 billion
- Outstanding Shares: 231,379,000
- 50 Day Moving Avg: $16.41
- 200 Day Moving Avg: $16.33
- 52 Week Range: $14.58 - $18.28
Sales & Book Value:
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 91.53
- P/E Growth: 3.45
- Annual Revenue: $693.51 million
- Price / Sales: 5.19
- Book Value: $17.26 per share
- Price / Book: 0.90
- Average Volume: 1.31 million shs.
- Short Ratio: 2.68
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 Thursday, March 16th. Stockholders of record on Friday, March 31st will be given a dividend of $0.095 per share on Friday, April 14th. This represents a $0.38 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Wednesday, March 29th. View Paramount Group's Dividend History.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NASDAQ:PGRE) posted its earnings results on Thursday, May, 4th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.02. The company earned $181.24 million during the quarter, compared to the consensus estimate of $171.42 million. Paramount Group's revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. View Paramount Group's Earnings History.
What guidance has Paramount Group issued on next quarter's earnings?
Paramount Group updated its FY17 earnings guidance on Wednesday, February, 22nd. The company provided earnings per share guidance of $0.83-0.87 for the period, compared to the Thomson Reuters consensus estimate of $0.89.
Where is Paramount Group's stock going? Where will Paramount Group's stock price be in 2017?
6 brokers have issued 12-month price targets for Paramount Group's shares. Their forecasts range from $16.00 to $19.00. On average, they anticipate Paramount Group's share price to reach $17.17 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 JetBlue Airways (JBLU), Stericycle (SRCL), TINGYI(CAYMAN ISL) USD 0.005 (TCYMF), Old Dominion Freight Line (ODFL), Severn Trent (SVTRF), China Coal Energy Unspon (CCOZY), Fortinet (FTNT), Jiangsu Expressway Co Ltd (JEXYY), Panera Bread Co (PNRA), MarketAxess Holdings (MKTX), Lamar Advertising Company (LAMR), Man Wah Holdings Ltd (MAWHY), VEON Ltd (VEON), Igm Financial (IGIFF), Copart (CPRT), City Developments Limited (CDEVY), Lululemon Athletica inc. (LULU) and AGNC Investment Corp (AGNC).
When did Paramount Group IPO?
(PGRE) raised $2.3 billion in an initial public offering (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 acted 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 many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.09%),
(5.05%), BlackRock Inc. (5.03%), Morgan Stanley (3.22%), Lasalle Investment Management Securities LLC (2.91%) and FMR LLC (2.67%). 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 Canada Pension Plan Investment Board, Lasalle Investment Management Securities LLC, Renaissance Technologies LLC, OppenheimerFunds Inc., Russell Investments Group Ltd., Duff & Phelps Investment Management Co., Prudential Financial Inc. and Virginia Retirement Systems ET AL. View Insider Buying and Selling for Paramount Group.
Who bought Paramount Group stock? Who is buying Paramount Group stock?
Paramount Group's stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Morgan Stanley, State Street Corp, PGGM Investments, American Century Companies Inc., Goldman Sachs Group Inc., Vanguard Group Inc. and Citadel Advisors LLC. 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.
How much does a share of Paramount Group stock cost?
One share of Paramount Group stock can currently be purchased for approximately $15.56.
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|
|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: $1.01
(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)
|Interesting PGRE Put And Call Options For January 2018|
www.nasdaq.com - May 22 at 6:23 PM
|TheStreet Upgrades Paramount Group Inc (PGRE) to C|
www.americanbankingnews.com - May 15 at 12:02 AM
|Paramount Group Inc (PGRE) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - May 8 at 12:54 PM
|Edited Transcript of PGRE earnings conference call or presentation 5-May-17 2:00pm GMT|
finance.yahoo.com - May 6 at 12:31 AM
|Paramount Group Inc (PGRE) Issues Earnings Results, Beats Expectations By $0.02 EPS|
www.americanbankingnews.com - May 5 at 12:38 AM
|Paramount Group (PGRE) Earning Favorable News Coverage, Report Finds|
www.americanbankingnews.com - May 3 at 6:54 PM
|Huge building sales roar back as San Francisco breaks annual real estate tax record|
www.bizjournals.com - May 2 at 10:31 AM
|Paramount Group (PGRE) Given Daily Coverage Optimism Rating of 0.50|
www.americanbankingnews.com - April 28 at 11:50 AM
|Paramount Group, Inc. breached its 50 day moving average in a Bearish Manner : PGRE-US : April 27, 2017|
finance.yahoo.com - April 27 at 10:29 AM
|Capital One Financial Corp. Comments on Paramount Group Inc's Q1 2018 Earnings (PGRE)|
www.americanbankingnews.com - April 25 at 2:22 PM
|Paramount Group (PGRE) Earns Daily Media Sentiment Rating of 0.20|
www.americanbankingnews.com - April 24 at 8:48 PM
|Paramount Group (PGRE) Receiving Very Favorable Media Coverage, Report Finds|
www.americanbankingnews.com - April 21 at 11:21 AM
|Paramount Group Inc (PGRE) Upgraded to "Hold" by Zacks Investment Research|
www.americanbankingnews.com - April 19 at 7:51 AM
|Paramount Group (PGRE) Earns News Sentiment Rating of 0.22|
www.americanbankingnews.com - April 18 at 9:17 PM
|Paramount Group Inc (PGRE) Raised to "Outperform" at Evercore ISI|
www.americanbankingnews.com - April 17 at 9:51 AM
|Paramount Group (PGRE) Given News Impact Rating of 0.17|
www.americanbankingnews.com - April 15 at 2:55 PM
|Paramount Group Inc (PGRE) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - April 11 at 11:56 AM
|Paramount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : April 11, 2017|
finance.yahoo.com - April 11 at 10:30 AM
|Zacks: Paramount Group Inc (PGRE) Given $17.90 Consensus Target Price by Brokerages|
www.americanbankingnews.com - April 10 at 10:33 AM
|Paramount Group Inc (PGRE) Lowered to "Sell" at Zacks Investment Research|
www.americanbankingnews.com - April 8 at 7:25 AM
|Sessions Signals A Rollback On Justice Department's Police Reform Efforts|
www.huffingtonpost.com - April 4 at 4:40 AM
|Essential California: 'Sanctuary cities' won’t back down|
www.latimes.com - March 28 at 9:45 AM
|Deutsche Bank AG Trims Paramount Group Inc (PGRE) Target Price to $19.00|
www.americanbankingnews.com - March 20 at 8:33 PM
|PARAMOUNT GROUP, INC. Financials|
finance.yahoo.com - February 28 at 2:33 PM
|$1.1 bln in defence contracts announced on third day of Abu Dhabi expo|
finance.yahoo.com - February 21 at 5:41 PM
|Paramount Group upgraded by Wells Fargo|
us.rd.yahoo.com - December 13 at 7:38 PM
|July 2017 Options Now Available For Paramount Group (PGRE)|
www.nasdaq.com - November 21 at 7:20 PM
|PARAMOUNT GROUP, INC. Files SEC form 10-K, Annual Report|
biz.yahoo.com - February 25 at 5:21 PM
|Edited Transcript of PGRE earnings conference call or presentation 24-Feb-16 3:00pm GMT|
finance.yahoo.com - February 24 at 5:12 PM
|PARAMOUNT GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh|
biz.yahoo.com - February 23 at 4:46 PM
|Paramount Announces Fourth Quarter 2015 Results|
finance.yahoo.com - February 23 at 4:15 PM
|Q4 2015 Paramount Group Inc Earnings Release - After Market Close|
biz.yahoo.com - February 23 at 7:07 AM
|Paramount Group, Inc. Announces Release Date for Fourth Quarter 2015 Results|
finance.yahoo.com - February 4 at 4:15 PM
|Should You Buy Paramount Group (PGRE) Ahead of Earnings?|
finance.yahoo.com - February 3 at 8:46 AM
|Can Snap-on (SNA) Keep its Earnings Streak Alive in Q4?|
finance.yahoo.com - February 1 at 12:30 PM
|PARAMOUNT GROUP, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits|
biz.yahoo.com - December 14 at 5:25 PM
|PARAMOUNT GROUP, INC. Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Bal|
biz.yahoo.com - December 2 at 4:33 PM
|PARAMOUNT GROUP, INC. Files SEC form 10-Q, Quarterly Report|
biz.yahoo.com - November 12 at 5:59 PM
|Edited Transcript of PGRE earnings conference call or presentation 6-Nov-15 3:00pm GMT|
finance.yahoo.com - November 6 at 4:27 PM
Paramount Group (PGRE) Chart for Tuesday, May, 23, 2017