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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


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

BofA Securities Downgraded These 3 Office REITs
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.
Paramount Group Inc PGRE
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.
Paramount Announces Third Quarter 2023 Results
Paramount Group earnings: here's what Wall Street expects
Paramount Group Board Declares Quarterly Dividend - Quick Facts
Paramount Announces Second Quarter 2023 Results
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

Industry, Sector and Symbol

Industry
REIT - Office
Sub-Industry
N/A
Previous Symbol
NASDAQ:PGRE
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

Net Income
$-36,400,000.00
Pretax Margin
-18.56%

Debt

Sales & Book Value

Annual Sales
$740.38 million
Cash Flow
$0.91 per share
Book Value
$20.07 per share

Miscellaneous

Free Float
191,924,000
Market Cap
$1.11 billion
Optionable
Optionable
Beta
1.24
12 Stocks Corporate Insiders are Abandoning Cover

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

Get This Free Report

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














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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