Paramount Group Company Profile (NASDAQ:PGRE)

About Paramount Group (NASDAQ:PGRE)

Paramount Group logoParamount 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
Average Prices:
  • 50 Day Moving Avg: $16.41
  • 200 Day Moving Avg: $16.33
  • 52 Week Range: $14.58 - $18.28
  • Trailing P/E Ratio: N/A
  • Foreward P/E Ratio: 91.53
  • P/E Growth: 3.45
Sales & Book Value:
  • Annual Revenue: $693.51 million
  • Price / Sales: 5.19
  • Book Value: $17.26 per share
  • Price / Book: 0.90
  • Dividend Yield: 2.4%
  • EBIDTA: $377.71 million
  • 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?

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%), NORGES BANK (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.

Analyst Ratings

Consensus Ratings for Paramount Group (NASDAQ:PGRE) (?)
Ratings Breakdown: 3 Hold Ratings, 3 Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $17.17 (10.33% upside)

Analysts' Ratings History for Paramount Group (NASDAQ:PGRE)
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
4/17/2017Evercore ISIUpgradeIn-Line -> OutperformMediumView Rating Details
3/20/2017Deutsche Bank AGLower Price TargetBuy$20.00 -> $19.00LowView Rating Details
12/13/2016Wells Fargo & CoUpgradeMarket Perform -> OutperformN/AView Rating Details
12/12/2016Morgan StanleyDowngradeOverweight -> Equal WeightN/AView Rating Details
11/7/2016MizuhoLower Price TargetNeutral$17.00 -> $16.00N/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
(Data available from 5/23/2015 forward)


Earnings History for Paramount Group (NASDAQ:PGRE)
Earnings by Quarter for Paramount Group (NASDAQ:PGRE)
Earnings History by Quarter for Paramount Group (NASDAQ:PGRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/4/2017Q1 2017$0.20$0.22$171.42 million$181.24 millionViewListenView Earnings Details
2/22/2017Q416$0.20$0.18$171.95 million$166.80 millionViewN/AView Earnings Details
11/2/2016Q316$0.19$0.20$166.14 million$171.32 millionViewN/AView Earnings Details
8/4/2016Q216$0.20$0.23$159.90 million$172.30 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)


Earnings Estimates for Paramount Group (NASDAQ:PGRE)
2017 EPS Consensus Estimate: $0.85
2018 EPS Consensus Estimate: $1.01
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.19$0.19$0.19
Q2 20171$0.21$0.21$0.21
Q3 20171$0.22$0.22$0.22
Q4 20171$0.23$0.23$0.23
Q1 20181$0.24$0.24$0.24
Q2 20181$0.25$0.25$0.25
Q3 20181$0.26$0.26$0.26
Q4 20181$0.26$0.26$0.26
(Data provided by Zacks Investment Research)


Dividend History by Quarter for Paramount Group (NASDAQ:PGRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Paramount Group (NASDAQ:PGRE)
Insider Trades by Quarter for Paramount Group (NASDAQ:PGRE)
Institutional Ownership by Quarter for Paramount Group (NASDAQ:PGRE)
Insider Trades by Quarter for Paramount Group (NASDAQ:PGRE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
12/1/2016Katharina Otto-BernsteinDirectorBuy100,000$15.59$1,559,000.00View SEC Filing  
11/29/2016Katharina Otto-BernsteinDirectorBuy100,000$15.69$1,569,000.00View SEC Filing  
11/22/2016Katharina Otto-BernsteinDirectorBuy100,000$15.74$1,574,000.00View SEC Filing  
(Data available from 1/1/2013 forward)


Headline Trends for Paramount Group (NASDAQ:PGRE)
Latest Headlines for Paramount Group (NASDAQ:PGRE)
DateHeadline logoInteresting PGRE Put And Call Options For January 2018 - May 22 at 6:23 PM logoTheStreet Upgrades Paramount Group Inc (PGRE) to C - May 15 at 12:02 AM logoParamount Group Inc (PGRE) Given Average Rating of "Hold" by Brokerages - May 8 at 12:54 PM logoEdited Transcript of PGRE earnings conference call or presentation 5-May-17 2:00pm GMT - May 6 at 12:31 AM logoParamount Group Inc (PGRE) Issues Earnings Results, Beats Expectations By $0.02 EPS - May 5 at 12:38 AM logoParamount Group (PGRE) Earning Favorable News Coverage, Report Finds - May 3 at 6:54 PM logoHuge building sales roar back as San Francisco breaks annual real estate tax record - May 2 at 10:31 AM logoParamount Group (PGRE) Given Daily Coverage Optimism Rating of 0.50 - April 28 at 11:50 AM logoParamount Group, Inc. breached its 50 day moving average in a Bearish Manner : PGRE-US : April 27, 2017 - April 27 at 10:29 AM logoCapital One Financial Corp. Comments on Paramount Group Inc's Q1 2018 Earnings (PGRE) - April 25 at 2:22 PM logoParamount Group (PGRE) Earns Daily Media Sentiment Rating of 0.20 - April 24 at 8:48 PM logoParamount Group (PGRE) Receiving Very Favorable Media Coverage, Report Finds - April 21 at 11:21 AM logoParamount Group Inc (PGRE) Upgraded to "Hold" by Zacks Investment Research - April 19 at 7:51 AM logoParamount Group (PGRE) Earns News Sentiment Rating of 0.22 - April 18 at 9:17 PM logoParamount Group Inc (PGRE) Raised to "Outperform" at Evercore ISI - April 17 at 9:51 AM logoParamount Group (PGRE) Given News Impact Rating of 0.17 - April 15 at 2:55 PM logoParamount Group Inc (PGRE) Given Consensus Recommendation of "Hold" by Analysts - April 11 at 11:56 AM logoParamount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : April 11, 2017 - April 11 at 10:30 AM logoZacks: Paramount Group Inc (PGRE) Given $17.90 Consensus Target Price by Brokerages - April 10 at 10:33 AM logoParamount Group Inc (PGRE) Lowered to "Sell" at Zacks Investment Research - April 8 at 7:25 AM logoSessions Signals A Rollback On Justice Department's Police Reform Efforts - April 4 at 4:40 AM logoEssential California: 'Sanctuary cities' won’t back down - March 28 at 9:45 AM logoDeutsche Bank AG Trims Paramount Group Inc (PGRE) Target Price to $19.00 - March 20 at 8:33 PM logoPARAMOUNT GROUP, INC. Financials - February 28 at 2:33 PM logo$1.1 bln in defence contracts announced on third day of Abu Dhabi expo - February 21 at 5:41 PM logoParamount Group upgraded by Wells Fargo - December 13 at 7:38 PM logoJuly 2017 Options Now Available For Paramount Group (PGRE) - November 21 at 7:20 PM logoPARAMOUNT GROUP, INC. Files SEC form 10-K, Annual Report - February 25 at 5:21 PM logoEdited Transcript of PGRE earnings conference call or presentation 24-Feb-16 3:00pm GMT - February 24 at 5:12 PM logoPARAMOUNT GROUP, INC. Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exh - February 23 at 4:46 PM logoParamount Announces Fourth Quarter 2015 Results - February 23 at 4:15 PM logoQ4 2015 Paramount Group Inc Earnings Release - After Market Close - February 23 at 7:07 AM logoParamount Group, Inc. Announces Release Date for Fourth Quarter 2015 Results - February 4 at 4:15 PM logoShould You Buy Paramount Group (PGRE) Ahead of Earnings? - February 3 at 8:46 AM logoCan Snap-on (SNA) Keep its Earnings Streak Alive in Q4? - February 1 at 12:30 PM logoPARAMOUNT GROUP, INC. Files SEC form 8-K, Other Events, Financial Statements and Exhibits - December 14 at 5:25 PM logoPARAMOUNT GROUP, INC. Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation under an Off-Bal - December 2 at 4:33 PM logoPARAMOUNT GROUP, INC. Files SEC form 10-Q, Quarterly Report - November 12 at 5:59 PM logoEdited Transcript of PGRE earnings conference call or presentation 6-Nov-15 3:00pm GMT - November 6 at 4:27 PM


Paramount Group (PGRE) Chart for Tuesday, May, 23, 2017

This page was last updated on 5/23/2017 by Staff