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: Financials
  • Industry: Office REITs
  • Sub-Industry: N/A
  • Symbol: NASDAQ:PGRE
  • CUSIP: N/A
  • Web: www.paramount-group.com/
Capitalization:
  • Market Cap: $3.82 billion
  • Outstanding Shares: 238,769,000
Average Prices:
  • 50 Day Moving Avg: $15.89
  • 200 Day Moving Avg: $16.11
  • 52 Week Range: $14.58 - $17.58
P/E:
  • Trailing P/E Ratio: 37.91
  • Foreward P/E Ratio: 1,600.00
  • P/E Growth: 0.51
Sales & Book Value:
  • Annual Revenue: $708.66 million
  • Price / Sales: 5.39
  • Book Value: $17.57 per share
  • Price / Book: 0.91
Dividend:
  • Dividend Yield: 2.4%
Profitability:
  • EBIDTA: $384.89 million
  • Net Margins: 77.76%
  • Return on Equity: 10.10%
  • Return on Assets: 6.37%
Misc:
  • 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?

Paramount Group is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Paramount Group.

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?

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?

One share of Paramount Group stock can currently be purchased for approximately $16.00.


MarketBeat Community Rating for Paramount Group (NASDAQ PGRE)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  68 (Vote Outperform)
Underperform Votes:  88 (Vote Underperform)
Total Votes:  156
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.

Analyst Ratings

Consensus Ratings for Paramount Group (NASDAQ:PGRE) (How are Consensus Ratings Calculated?)
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)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
7/10/2017MizuhoDowngradeNeutral -> Underperform$17.00 -> $15.00MediumView Rating Details
6/22/2017Goldman Sachs Group, Inc. (The)Initiated CoverageSell -> Sell$15.00LowView Rating Details
6/13/2017Morgan StanleyDowngradeEqual Weight -> Underweight$17.50 -> $15.00HighView Rating Details
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 & CompanyUpgradeMarket Perform -> OutperformN/AView Rating Details
8/25/2016BTIG ResearchInitiated CoverageNeutralN/AView Rating Details
(Data available from 9/25/2015 forward)

Earnings

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
10/31/2017($0.03)N/AView Earnings Details
8/3/2017Q2 2017$0.21$0.23$170.11 million$177.70 millionViewListenView Earnings Details
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)

Estimates

Earnings Estimates for Paramount Group (NASDAQ:PGRE)
2017 EPS Consensus Estimate: $0.85
2018 EPS Consensus Estimate: $1.06
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$0.23$0.23$0.23
Q2 20181$0.26$0.26$0.26
Q3 20181$0.28$0.28$0.28
Q4 20181$0.29$0.29$0.29
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Paramount Group (NASDAQ PGRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017quarterly$0.102.37%9/28/20179/29/201710/13/2017
6/16/2017quarterly$0.102.32%6/28/20176/30/20177/14/2017
3/16/2017quarterly$0.102.29%3/29/20173/31/20174/14/2017
12/16/2016quarterly$0.102.36%12/28/201612/30/20161/13/2017
9/16/2016quarterly$0.102.29%9/28/20169/30/201610/14/2016
6/16/2016quarterly$0.102.39%6/28/20166/30/20167/15/2016
(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)

Headlines

Headline Trends for Paramount Group (NASDAQ:PGRE)
Latest Headlines for Paramount Group (NASDAQ:PGRE)
Source:
DateHeadline
americanbankingnews.com logoFinancial Survey: Paramount Group (PGRE) vs. Hudson Pacific Properties (HPP)
www.americanbankingnews.com - September 24 at 6:18 PM
americanbankingnews.com logoContrasting Paramount Group (PGRE) & Piedmont Office Realty Trust (PDM)
www.americanbankingnews.com - September 24 at 6:32 AM
americanbankingnews.com logoPiedmont Office Realty Trust (PDM) versus Paramount Group (PGRE) Financial Review
www.americanbankingnews.com - September 22 at 6:26 PM
americanbankingnews.com logoAnalyzing Paramount Group (PGRE) and Equity Commonwealth (EQC)
www.americanbankingnews.com - September 17 at 10:32 PM
americanbankingnews.com logoParamount Group (PGRE) & NorthStar Realty Europe Corp. (NRE) Financial Analysis
www.americanbankingnews.com - September 17 at 12:32 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Declares Quarterly Dividend of $0.10
www.americanbankingnews.com - September 15 at 5:52 PM
nasdaq.com logoBullish Two Hundred Day Moving Average Cross - PGRE
www.nasdaq.com - September 15 at 7:34 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - September 12 at 11:00 AM
americanbankingnews.com logo$0.21 EPS Expected for Paramount Group Inc (PGRE) This Quarter
www.americanbankingnews.com - September 10 at 8:38 AM
americanbankingnews.com logoReviewing Corporate Office Properties Trust (OFC) and Paramount Group (PGRE)
www.americanbankingnews.com - September 9 at 2:08 PM
finance.yahoo.com logoParamount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : September 8, 2017
finance.yahoo.com - September 9 at 7:19 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Downgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - September 7 at 6:34 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Downgraded by Zacks Investment Research
www.americanbankingnews.com - September 4 at 7:32 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Raised to Buy at Zacks Investment Research
www.americanbankingnews.com - September 2 at 7:34 AM
americanbankingnews.com logoParkway Properties (PKY) & Paramount Group (PGRE) Financial Comparison
www.americanbankingnews.com - August 31 at 12:30 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Stock Rating Lowered by Zacks Investment Research
www.americanbankingnews.com - August 26 at 6:58 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Expected to Post Quarterly Sales of $169.67 Million
www.americanbankingnews.com - August 24 at 4:48 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Raised to "Buy" at Zacks Investment Research
www.americanbankingnews.com - August 23 at 6:52 AM
americanbankingnews.com logo Analysts Expect Paramount Group Inc (PGRE) Will Post Earnings of $0.21 Per Share
www.americanbankingnews.com - August 22 at 8:26 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Upgraded by Zacks Investment Research to Buy
www.americanbankingnews.com - August 22 at 12:20 AM
americanbankingnews.com logoHead-To-Head Review: Mack-Cali Realty Corporation (CLI) versus Paramount Group (PGRE)
www.americanbankingnews.com - August 19 at 4:32 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - August 18 at 10:48 AM
americanbankingnews.com logoCapital One Financial Corporation Comments on Paramount Group Inc's FY2017 Earnings (NASDAQ:PGRE)
www.americanbankingnews.com - August 7 at 7:06 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Posts Earnings Results, Beats Estimates By $0.02 EPS
www.americanbankingnews.com - August 5 at 6:44 PM
americanbankingnews.com logoParamount Group (PGRE) Board Declares Share Repurchase Plan
www.americanbankingnews.com - August 4 at 11:27 AM
americanbankingnews.com logoParamount Group Inc (NASDAQ:PGRE) Releases FY17 Earnings Guidance
www.americanbankingnews.com - August 3 at 5:34 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Lifted to Hold at Zacks Investment Research
www.americanbankingnews.com - July 29 at 9:04 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Receives Consensus Rating of "Hold" from Brokerages
www.americanbankingnews.com - July 24 at 11:34 AM
americanbankingnews.com logoCritical Survey: Paramount Group (PGRE) versus SL Green Realty Corporation (SLG)
www.americanbankingnews.com - July 22 at 4:10 PM
americanbankingnews.com logo Analysts Expect Paramount Group Inc (NASDAQ:PGRE) Will Announce Quarterly Sales of $169.96 Million
www.americanbankingnews.com - July 15 at 9:20 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Paramount Group Inc (NASDAQ:PGRE) Will Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - July 13 at 9:36 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - June 27 at 10:34 AM
americanbankingnews.com logoGoldman Sachs Group, Inc. (The) Begins Coverage on Paramount Group Inc (PGRE)
www.americanbankingnews.com - June 25 at 12:50 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Expected to Announce Quarterly Sales of $169.96 Million
www.americanbankingnews.com - June 21 at 11:06 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Expected to Post Earnings of $0.21 Per Share
www.americanbankingnews.com - June 19 at 8:14 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Stock Rating Lowered by Morgan Stanley
www.americanbankingnews.com - June 18 at 5:36 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Announces $0.10 Quarterly Dividend
www.americanbankingnews.com - June 16 at 3:20 PM
finance.yahoo.com logoParamount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : June 13, 2017
finance.yahoo.com - June 13 at 10:27 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Receives Consensus Recommendation of "Hold" from Analysts
www.americanbankingnews.com - June 2 at 10:50 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Upgraded to Buy at Zacks Investment Research
www.americanbankingnews.com - May 27 at 9:28 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Lowered to "Hold" at Zacks Investment Research
www.americanbankingnews.com - May 26 at 4:40 PM
finance.yahoo.com logoPost Earnings Coverage as Jones Lang LaSalle's Revenue Surged 25%; Increased Dividend by 6%
finance.yahoo.com - May 23 at 9:54 AM
nasdaq.com logoInteresting PGRE Put And Call Options For January 2018
www.nasdaq.com - May 22 at 6:23 PM
americanbankingnews.com logoTheStreet Upgrades Paramount Group Inc (PGRE) to C
www.americanbankingnews.com - May 15 at 12:02 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - May 8 at 12:54 PM
finance.yahoo.com logoEdited Transcript of PGRE earnings conference call or presentation 5-May-17 2:00pm GMT
finance.yahoo.com - May 6 at 12:31 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Issues Earnings Results, Beats Expectations By $0.02 EPS
www.americanbankingnews.com - May 5 at 12:38 AM
americanbankingnews.com logoParamount Group (PGRE) Earning Favorable News Coverage, Report Finds
www.americanbankingnews.com - May 3 at 6:54 PM
bizjournals.com logoHuge building sales roar back as San Francisco breaks annual real estate tax record
www.bizjournals.com - May 2 at 10:31 AM
americanbankingnews.com logoParamount Group (PGRE) Given Daily Coverage Optimism Rating of 0.50
www.americanbankingnews.com - April 28 at 11:50 AM

Social

Chart

Paramount Group (PGRE) Chart for Monday, September, 25, 2017

This page was last updated on 9/25/2017 by MarketBeat.com Staff