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S&P 500   4,282.37
DOW   33,762.76
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Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
With oil prices slumping, OPEC+ producers weigh more production cuts
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
With oil prices slumping, OPEC+ producers weigh more production cuts
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
With oil prices slumping, OPEC+ producers weigh more production cuts
Sell Every Stock, Except ONE (Ticker Revealed) (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Las Vegas ballpark pitch revives debate over public funding for sports stadiums
NYSE:PGRE

Paramount Group (PGRE) Stock Forecast, Price & News

$4.51
+0.25 (+5.87%)
(As of 06/2/2023 ET)
Compare
Today's Range
$4.36
$4.56
50-Day Range
$4.14
$4.65
52-Week Range
$3.90
$8.95
Volume
1.29 million shs
Average Volume
1.51 million shs
Market Capitalization
$979.62 million
P/E Ratio
N/A
Dividend Yield
6.87%
Price Target
$5.92

Paramount Group MarketRank™ Forecast

Analyst Rating
Hold
1.86 Rating Score
Upside/​Downside
31.2% Upside
$5.92 Price Target
Short Interest
Bearish
7.29% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.87
Upright™ Environmental Score
News Sentiment
0.84mentions of Paramount Group in the last 14 days
Based on 5 Articles This Week
Insider Trading
Acquiring Shares
$702,765 Bought Last Quarter
Proj. Earnings Growth
-8.70%
From $0.92 to $0.84 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.42 out of 5 stars

Finance Sector

452nd out of 873 stocks

Real Estate Investment Trusts Industry

85th out of 191 stocks


PGRE stock logo

About Paramount Group (NYSE:PGRE) Stock

Paramount Group, Inc. is a real estate investment and management company, which engages in the ownership, operation, management, acquisition, and redevelopment of office properties in central business district submarkets. The company operates through the New York and San Francisco segments. The company was founded by Werner Otto in 1978 and is headquartered in New York, NY.

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PGRE Stock News Headlines

50 Best Movies On Paramount Plus
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
PGRE - Paramount Group, Inc.
Sell Every Stock, Except ONE (Ticker Revealed)
We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.
Paramount Announces First Quarter 2023 Results
What Wall Street expects from Paramount Group's earnings
See More Headlines

PGRE Price History

PGRE Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 4/14 Dividend
3/30/2023
Dividend Payable
4/14/2023
Today
6/04/2023
Next Earnings (Estimated)
7/25/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:PGRE
Fax
N/A
Employees
318
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$5.92
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$4.00
Forecasted Upside/Downside
+31.2%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Net Income
$-36,400,000.00
Pretax Margin
-3.08%

Debt

Sales & Book Value

Annual Sales
$740.38 million
Cash Flow
$0.91 per share
Book Value
$20.43 per share

Miscellaneous

Free Float
194,622,000
Market Cap
$979.62 million
Optionable
Optionable
Beta
1.20

Key Executives

  • Albert P. Behler
    Chairman, President & Chief Executive Officer
  • Wilbur N. Paes
    Treasurer, Chief Operating & Financial Officer
  • Todd Januzzi
    Chief Information & Technology Officer
  • Peter R.C. Brindley
    Executive Vice President & Head-Real Estate
  • Gage R. Johnson
    Secretary, Senior VP & General Counsel













PGRE Stock - Frequently Asked Questions

Should I buy or sell Paramount Group stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 2 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" PGRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGRE, but not buy additional shares or sell existing shares.
View PGRE analyst ratings
or view top-rated stocks.

What is Paramount Group's stock price forecast for 2023?

7 analysts have issued 12 month price targets for Paramount Group's stock. Their PGRE share price forecasts range from $4.00 to $8.00. On average, they expect the company's share price to reach $5.92 in the next twelve months. This suggests a possible upside of 31.2% from the stock's current price.
View analysts price targets for PGRE
or view top-rated stocks among Wall Street analysts.

How have PGRE shares performed in 2023?

Paramount Group's stock was trading at $5.94 at the beginning of 2023. Since then, PGRE stock has decreased by 24.1% and is now trading at $4.51.
View the best growth stocks for 2023 here
.

Are investors shorting Paramount Group?

Paramount Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 11,380,000 shares, an increase of 19.2% from the April 15th total of 9,550,000 shares. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 6.4% of the company's stock are short sold.
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 Tuesday, July 25th 2023.
View our PGRE earnings forecast
.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) announced its 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 0.86% and a negative net margin of 5.10%. During the same quarter last year, the firm earned $0.23 earnings per share.

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

Paramount Group announced a quarterly dividend on Wednesday, March 15th. Shareholders of record on Friday, March 31st will be given a dividend of $0.078 per share on Friday, April 14th. This represents a $0.31 dividend on an annualized basis and a dividend yield of 6.92%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for PGRE
.

Is Paramount Group a good dividend stock?

Paramount Group (NYSE:PGRE) pays an annual dividend of $0.31 per share and currently has a dividend yield of 6.87%. PGRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PGRE.

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

Paramount Group updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.90-$0.94 for the period, compared to the consensus EPS estimate of $0.90. 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 initial public offering on Wednesday, November 19th 2014. The company issued 131,000,000 shares at a price of $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.

What is Paramount Group's stock symbol?

Paramount Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGRE."

Who are Paramount Group's major shareholders?

Paramount Group's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.86%), State Street Corp (4.38%), Balyasny Asset Management L.P. (2.02%), Charles Schwab Investment Management Inc. (1.94%), Geode Capital Management LLC (1.73%) and Dimensional Fund Advisors LP (1.18%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Paramount Group's stock price today?

One share of PGRE stock can currently be purchased for approximately $4.51.

How much money does Paramount Group make?

Paramount Group (NYSE:PGRE) has a market capitalization of $979.62 million and generates $740.38 million in revenue each year. The financial services provider earns $-36,400,000.00 in net income (profit) each year or ($0.17) on an earnings per share basis.

How many employees does Paramount Group have?

The company employs 318 workers across the globe.

How can I contact Paramount Group?

Paramount Group's mailing address is 1633 BROADWAY SUITE 1801, NEW YORK NY, 10019. The official website for the company is www.paramount-group.com. The financial services provider can be reached via phone at (212) 237-3100 or via email at ir@paramount-group.com.

This page (NYSE:PGRE) was last updated on 6/4/2023 by MarketBeat.com Staff

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