Paramount Group (PGRE) Stock Forecast, Price & News

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.
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7 Wall Street research analysts have issued 12-month price targets for Paramount Group's shares. Their PGRE share price forecasts range from $4.00 to $8.00. On average, they predict the company's share price to reach $5.92 in the next year. This suggests a possible upside of 25.6% from the stock's current price.
View analysts price targets for PGRE or view top-rated stocks among Wall Street analysts.

Paramount Group's stock was trading at $5.94 at the start of the year. Since then, PGRE shares have decreased by 20.7% and is now trading at $4.71.
View the best growth stocks for 2023 here.

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 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 sold short.
View Paramount Group's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, July 25th 2023.
View our PGRE earnings forecast.

Paramount Group, Inc. (NYSE:PGRE) released 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 net margin of 5.10% and a negative trailing twelve-month return on equity of 0.86%. During the same period last year, the business earned $0.23 EPS.

Paramount Group declared a quarterly dividend on Wednesday, March 15th. Stockholders of record on Friday, March 31st will be paid a dividend of $0.078 per share on Friday, April 14th. This represents a $0.31 annualized dividend and a dividend yield of 6.62%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for PGRE.

ETFs with the largest weight of Paramount Group (NYSE:PGRE) stock in their portfolio include Cambria Global Real Estate ETF (BLDG), First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco MSCI Green Building ETF (GBLD), Global X Green Building ETF (GRNR), VictoryShares US Small Mid Cap Value Momentum ETF (USVM), Invesco MSCI Sustainable Future ETF (PZD), Invesco MSCI Sustainable Future ETF (ERTH) and iShares US Credit Bond ETF (CRED).

Paramount Group (NYSE:PGRE) pays an annual dividend of $0.31 per share and currently has a dividend yield of 7.05%. 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.

Paramount Group updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided earnings per share guidance of $0.90-$0.94 for the period, compared to the consensus EPS estimate of $0.90. The company issued revenue guidance of -.

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.

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).

(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 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.

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

Paramount Group's stock is owned by a variety of 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.

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.
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One share of PGRE stock can currently be purchased for approximately $4.71.

Paramount Group (NYSE:PGRE) has a market capitalization of $1.02 billion and generates $745.17 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.

The company employs 318 workers across the globe.

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.