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NYSE:PGRE

Paramount Group (PGRE) Stock Price, News & Analysis

$4.41
-0.02 (-0.45%)
(As of 01:09 PM ET)
Today's Range
$4.33
$4.47
50-Day Range
$4.31
$5.36
52-Week Range
$3.90
$5.92
Volume
936,001 shs
Average Volume
1.44 million shs
Market Capitalization
$958.60 million
P/E Ratio
N/A
Dividend Yield
3.17%
Price Target
$4.40

Paramount Group MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.75 Rating Score
Upside/​Downside
1.3% Downside
$4.40 Price Target
Short Interest
Healthy
3.51% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-2.87
Upright™ Environmental Score
News Sentiment
0.90mentions of Paramount Group in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-18.57%
From $0.70 to $0.57 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.

2.98 out of 5 stars

Finance Sector

514th out of 868 stocks

Real Estate Investment Trusts Industry

112th out of 178 stocks


PGRE stock logo

About Paramount Group Stock (NYSE:PGRE)

Headquartered in New York City, Paramount Group, Inc. 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 City 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

Independent Living Communities Near Paramount, CA
Paramount Group (NYSE:PGRE) Rating Lowered to Sell at StockNews.com
Americans Now Favor Gold Over Stocks as an Investment Vehicle
Americans now consider gold a better long-term investment than stocks for the first time since 2013. But physical gold requires storage and insurance, and gold mining stocks come with significant risks. Fortunately, investors have found a little-known way to benefit from gold that avoids many of these challenges.
PGRE Mar 2024 7.500 call
PGRE Mar 2024 2.500 put
Q4 2023 Paramount Group Inc Earnings Call
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Paramount Announces Fourth Quarter 2023 Results
Paramount Announces Fourth Quarter 2023 Results
Is Paramount Plus worth it?
Paramount Group Inc (PGRE)
Paramount Modifies and Extends Loan at One Market Plaza
Piedmont Office declares $0.125 dividend
Paramount: Ride The Bids Higher
See More Headlines
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Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 1/12 Dividend
12/28/2023
Dividend Payable
1/12/2024
Today
3/01/2024
Next Earnings (Estimated)
5/01/2024
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
$4.40
High Stock Price Target
$6.00
Low Stock Price Target
$3.50
Potential Upside/Downside
-0.6%
Consensus Rating
Reduce
Rating Score (0-4)
1.75
Research Coverage
4 Analysts

Profitability

Net Income
$-259,740,000.00
Pretax Margin
-49.80%

Debt

Sales & Book Value

Annual Sales
$742.79 million
Book Value
$18.47 per share

Miscellaneous

Free Float
194,760,000
Market Cap
$961.86 million
Optionable
Optionable
Beta
1.24
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Key Executives

  • Mr. Albert P. Behler (Age 72)
    Chairman, CEO & President
    Comp: $3.08M
  • Mr. Wilbur Paes CPA (Age 47)
    COO, CFO & Treasurer
    Comp: $1.92M
  • Mr. Gage Johnson (Age 62)
    Senior VP, General Counsel & Secretary
    Comp: $862.87k
  • Mr. Peter R.C. Brindley (Age 47)
    Executive VP & Head of Real Estate
    Comp: $1.5M
  • 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?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last twelve months. There are currently 2 sell ratings, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street 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?

4 analysts have issued 1 year price targets for Paramount Group's stock. Their PGRE share price targets range from $3.50 to $6.00. On average, they expect the company's share price to reach $4.40 in the next year. This suggests that the stock has a possible downside of 1.3%.
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 beginning of 2024. Since then, PGRE shares have decreased by 13.7% and is now trading at $4.46.
View the best growth stocks for 2024 here
.

Are investors shorting Paramount Group?

Paramount Group saw a decrease in short interest during the month of January. As of January 31st, there was short interest totaling 6,310,000 shares, a decrease of 23.7% from the January 15th total of 8,270,000 shares. Based on an average daily trading volume, of 1,630,000 shares, the short-interest ratio is presently 3.9 days. Approximately 3.4% of the company's stock 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 Wednesday, May 1st 2024.
View our PGRE earnings forecast
.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) posted its quarterly earnings results on Wednesday, April, 27th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by $0.21. Paramount Group had a negative trailing twelve-month return on equity of 6.07% and a negative net margin of 34.97%. During the same quarter in the prior year, the firm earned $0.23 EPS.

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

Paramount Group declared a quarterly dividend on Friday, December 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.035 per share on Friday, January 12th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date is Thursday, December 28th.
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 3.20%.
Read our dividend analysis for PGRE.

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

Paramount Group updated its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided earnings per share (EPS) guidance of 0.730-0.790 for the period, compared to the consensus EPS estimate of 0.650. 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?

(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 a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.77%), Norges Bank (4.85%), Balyasny Asset Management L.P. (2.22%), Charles Schwab Investment Management Inc. (2.19%), Legal & General Group Plc (1.92%) and Centersquare Investment Management LLC (1.34%). 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 3/1/2024 by MarketBeat.com Staff