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 equities research analysts have issued twelve-month target prices for Paramount Group's stock. Their PGRE share price targets range from $3.50 to $6.00. On average, they anticipate the company's share price to reach $4.40 in the next year. This suggests that the stock has a possible downside of 16.0%. 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 start of the year. Since then, PGRE shares have decreased by 11.8% and is now trading at $5.24. View the best growth stocks for 2023 here .

When is Paramount Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024. View our PGRE earnings forecast .

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) issued its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.21. Paramount Group had a negative net margin of 12.54% and a negative trailing twelve-month return on equity of 2.10%. During the same quarter in the prior year, the business earned $0.23 EPS.

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. Stockholders of record on Friday, September 29th will be given a dividend of $0.035 per share on Friday, October 13th. This represents a $0.14 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, September 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 2.75%. Read our dividend analysis for PGRE .

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

Paramount Group issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $0.85-0.87 for the period, compared to the consensus EPS estimate of $0.86.

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 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 number of retail and institutional investors. Top institutional investors include Jupiter Asset Management Ltd. (4.11%), Charles Schwab Investment Management Inc. (2.12%), Legal & General Group Plc (1.82%), Northern Trust Corp (1.39%), JPMorgan Chase & Co. (0.97%) and Rush Island Management LP (0.83%). 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 .

Paramount Group Stock Price, News & Analysis (NYSE:PGRE)

$5.32

+0.23 (+4.52%)

(As of 10:09 AM ET)

Compare

Today's Range: $5.10
▼
$5.32
50-Day Range: $4.25
▼
$5.14
52-Week Range: $3.90
▼
$6.74

Volume: 210,475 shs
Average Volume: 1.73 million shs
Market Capitalization: $1.16 billion

P/E Ratio: N/A
Dividend Yield: 2.63%
Price Target: $4.40

Paramount Group MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.75 Rating Score
Upside/Downside: 16.0% Downside
$4.40 Price Target
Short Interest: Bearish
6.02% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.87
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -17.44%
From $0.86 to $0.71 Per Share

Overall MarketRank^™

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

1.44 out of 5 stars

Real Estate Sector

32nd out of 35 stocks

REIT - Office Industry

3rd out of 3 stocks

0.9

Analyst's Opinion

Consensus Rating
Paramount Group has received a consensus rating of Reduce. The company's average rating score is 1.75, and is based on 1 buy rating, 1 hold rating, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $4.40, Paramount Group has a forecasted downside of 16.0% from its current price of $5.24.
Amount of Analyst Coverage
Paramount Group has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
6.02% of the float of Paramount Group has been sold short.
Short Interest Ratio / Days to Cover
Paramount Group has a short interest ratio ("days to cover") of 8.5.
Change versus previous month
Short interest in Paramount Group has recently decreased by 1.38%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Yield
Paramount Group pays a meaningful dividend of 2.75%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Paramount Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Paramount Group will have a dividend payout ratio of 19.72% next year. This indicates that Paramount Group will be able to sustain or increase its dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Paramount Group has received a 3.57% net impact score from Upright. Paramount seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Property management services", "Office leasing services", and "Real estate funds investing in office buildings" products. See details.
Environmental Sustainability
The Environmental Impact score for Paramount Group is -2.87.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Paramount Group this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for PGRE on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paramount Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.70% of the stock of Paramount Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
59.93% of the stock of Paramount Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Paramount Group are expected to decrease by -17.44% in the coming year, from $0.86 to $0.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Paramount Group is -12.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paramount Group is -12.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Paramount Group has a PEG Ratio of 0.25. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Paramount Group has a P/B Ratio of 0.26. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

PGRE Stock News Headlines

December 6, 2023 | americanbankingnews.com

Financial Contrast: Paramount Group (NYSE:PGRE) & Vornado Realty Trust (NYSE:VNO)

November 20, 2023 | finance.yahoo.com

BofA Securities Downgraded These 3 Office REITs

December 6, 2023 | Edge On The Street (Ad)

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.

November 14, 2023 | msn.com

B of A Securities Downgrades Paramount Group (PGRE)

November 12, 2023 | morningstar.com

Paramount Group Inc PGRE

November 9, 2023 | finance.yahoo.com

Paramount Achieves GRESB 5 Star Rating for Fifth Consecutive Year

November 6, 2023 | finance.yahoo.com

Paramount Group, Inc. (NYSE:PGRE) Q3 2023 Earnings Call Transcript

November 1, 2023 | finance.yahoo.com

Paramount Group Inc (PGRE) Reports Q3 2023 Earnings, Net Loss Widens

December 6, 2023 | Edge On The Street (Ad)

Americans Now Favor Gold Over Stocks as an Investment Vehicle

November 1, 2023 | msn.com

Paramount Expands `Eyeq' Digital Video Ad Platform Globally

November 1, 2023 | finance.yahoo.com

Paramount Announces Third Quarter 2023 Results

November 1, 2023 | markets.businessinsider.com

Paramount Group earnings: here's what Wall Street expects

November 1, 2023 | msn.com

New on Paramount Plus in November 2023 — All the new shows and movies to watch

October 19, 2023 | msn.com

Mizuho Maintains Paramount Group (PGRE) Buy Recommendation

October 12, 2023 | finance.yahoo.com

Paramount Announces Release Date for Third Quarter 2023 Results

September 22, 2023 | msn.com

Paramount: An Immensely Misunderstood Linear Networks Business

September 21, 2023 | gurufocus.com

Is Paramount Group (PGRE) Too Good to Be True? A Comprehensive Analysis of a Potential Value Trap

September 15, 2023 | markets.businessinsider.com

Paramount Group Board Declares Quarterly Dividend - Quick Facts

August 24, 2023 | msn.com

Paramount Lines Up Special Programming, Events For Star Trek Day

August 21, 2023 | seekingalpha.com

Paramount Group: Upcoming Debt Maturity Wall Could Mean More Downside

August 20, 2023 | msn.com

7 best Paramount Plus shows you're not watching

July 31, 2023 | finance.yahoo.com

Paramount Announces Second Quarter 2023 Results

July 25, 2023 | markets.businessinsider.com

Mizuho Securities Reaffirms Their Buy Rating on Paramount Group (PGRE)

July 19, 2023 | msn.com

Morgan Stanley Reiterates Paramount Group (PGRE) Equal-Weight Recommendation

July 17, 2023 | finance.yahoo.com

Should Value Investors Buy Empire State Realty Trust (ESRT) Stock?

July 11, 2023 | finance.yahoo.com

Paramount Announces Release Date for Second Quarter 2023 Results

June 27, 2023 | msn.com

Paramount Plus price hike is here — how much more you'll pay now

See More Headlines

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Company Calendar

Last Earnings: 4/27/2022
Ex-Dividend for 10/13 Dividend: 9/28/2023
Dividend Payable: 10/13/2023
Today: 12/06/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/21/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: REIT - Office
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: NYSE:PGRE
Previous Symbol: NASDAQ:PGRE
CUSIP: N/A
CIK: 1605607
Web: www.paramount-group.com
Phone: (212) 237-3100
Fax: N/A
Employees: 326
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: -13.6%
Consensus Rating: Reduce
Rating Score (0-4): 1.75
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.42)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 5.92
P/E Growth: 0.25
Net Income: $-36,400,000.00
Net Margins: -12.54%
Pretax Margin: -18.56%
Return on Equity: -2.10%
Return on Assets: -1.10%

Debt

Debt-to-Equity Ratio: 0.88
Current Ratio: 4.43
Quick Ratio: 4.43

Sales & Book Value

Annual Sales: $740.38 million
Price / Sales: 1.49
Cash Flow: $0.91 per share
Price / Cash Flow: 5.58
Book Value: $20.07 per share
Price / Book: 0.25

Miscellaneous

Outstanding Shares: 217,350,000
Free Float: 191,924,000
Market Cap: $1.11 billion
Optionable: Optionable
Beta: 1.24

12 Stocks Corporate Insiders are Abandoning

If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know?

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Key Executives

Mr. Albert P. Behler (Age 71)
Chairman, CEO & President
Comp: $3.08M
Mr. Wilbur Paes CPA (Age 46)
COO, CFO & Treasurer
Comp: $1.92M
Mr. Gage Johnson (Age 61)
Senior VP, General Counsel & Secretary
Comp: $862.87k
Mr. Peter R.C. Brindley (Age 46)
Executive VP & Head of Real Estate
Comp: $1.5M
Ms. Ermelinda Berberi (Age 42)
Senior VP & Chief Accounting Officer
Mr. Thomas Francis Hennessy III
Vice President of Business Development & Investor Relations
Mr. Vito Messina (Age 60)
Senior Vice President of Asset Management
Mr. David S. Eaton
Senior Vice President of Leasing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 equities research analysts have issued twelve-month target prices for Paramount Group's stock. Their PGRE share price targets range from $3.50 to $6.00. On average, they anticipate the company's share price to reach $4.40 in the next year. This suggests that the stock has a possible downside of 16.0%.
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 start of the year. Since then, PGRE shares have decreased by 11.8% and is now trading at $5.24.
View the best growth stocks for 2023 here.
When is Paramount Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 21st 2024.
View our PGRE earnings forecast.
How were Paramount Group's earnings last quarter?: Paramount Group, Inc. (NYSE:PGRE) issued its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.21. Paramount Group had a negative net margin of 12.54% and a negative trailing twelve-month return on equity of 2.10%. During the same quarter in the prior year, the business earned $0.23 EPS.
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. Stockholders of record on Friday, September 29th will be given a dividend of $0.035 per share on Friday, October 13th. This represents a $0.14 annualized dividend and a dividend yield of 2.67%. The ex-dividend date is Thursday, September 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 2.75%.
Read our dividend analysis for PGRE.

What guidance has Paramount Group issued on next quarter's earnings?: Paramount Group issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of $0.85-0.87 for the period, compared to the consensus EPS estimate of $0.86.
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 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 number of retail and institutional investors. Top institutional investors include Jupiter Asset Management Ltd. (4.11%), Charles Schwab Investment Management Inc. (2.12%), Legal & General Group Plc (1.82%), Northern Trust Corp (1.39%), JPMorgan Chase & Co. (0.97%) and Rush Island Management LP (0.83%). 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.

This page (NYSE:PGRE) was last updated on 12/6/2023 by MarketBeat.com Staff

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