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NYSE:PGRE

Paramount Group Stock Forecast, Price & News

$9.87
-0.03 (-0.30 %)
(As of 11/27/2020 12:00 AM ET)
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Today's Range
$9.81
Now: $9.87
$10.02
50-Day Range
$5.70
MA: $7.33
$10.02
52-Week Range
$5.54
Now: $9.87
$15.00
Volume1.50 million shs
Average Volume2.36 million shs
Market Capitalization$2.17 billion
P/E RatioN/A
Dividend Yield4.04%
Beta0.98
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.
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Paramount Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 1.1Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.71 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:PGRE
CUSIPN/A
Phone212-237-3100
Employees317

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$769.18 million
Cash Flow$1.46 per share
Book Value$20.36 per share

Profitability

Net Income$-36,900,000.00

Miscellaneous

Market Cap$2.17 billion
Next Earnings Date2/10/2021 (Estimated)
OptionableOptionable
$9.87
-0.03 (-0.30 %)
(As of 11/27/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Paramount Group (NYSE:PGRE) Frequently Asked Questions

How has Paramount Group's stock price been impacted by COVID-19 (Coronavirus)?

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PGRE stock has decreased by 2.3% and is now trading at $9.87.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Paramount Group?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 1 sell rating, 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
View analyst ratings for Paramount Group
.

What stocks does MarketBeat like better than Paramount Group?

Wall Street analysts have given Paramount Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Paramount Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Paramount Group's next earnings date?

Paramount Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Paramount Group
.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) announced its quarterly earnings results on Wednesday, July, 29th. The financial services provider reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.27. The financial services provider earned $171.12 million during the quarter, compared to analysts' expectations of $179.54 million. Paramount Group had a negative return on equity of 1.08% and a negative net margin of 6.18%. The firm's revenue for the quarter was down 5.6% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS.
View Paramount Group's earnings history
.

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

Paramount Group declared a quarterly dividend on Wednesday, September 16th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend is Tuesday, September 29th.
View Paramount Group's dividend history
.

What price target have analysts set for PGRE?

7 analysts have issued twelve-month target prices for Paramount Group's shares. Their forecasts range from $7.25 to $17.00. On average, they expect Paramount Group's share price to reach $10.38 in the next twelve months. This suggests a possible upside of 5.1% from the stock's current price.
View analysts' price targets for Paramount Group
.

Who are some of Paramount Group's key competitors?

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), Host Hotels & Resorts (HST), Kimco Realty (KIM) and Kinder Morgan (KMI).

Who are Paramount Group's key executives?

Paramount Group's management team includes the following people:
  • Mr. Albert P. Behler, Chairman, CEO & Pres (Age 68, Pay $3.61M)
  • Mr. Wilbur Paes CPA, Exec. VP, CFO & Treasurer (Age 43, Pay $1.98M)
  • Mr. Gage Johnson, Sr. VP, Gen. Counsel & Sec. (Age 58, Pay $756.26k)
  • Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 42, Pay $1.42M)
  • Mr. David Zobel, Exec. VP & Head of Acquisitions (Age 33, Pay $1.02M)
  • Mr. Robert Matthew Simone C.F.A., CFA, Director of Bus. Devel. & Investor Relations
  • Mr. Vito Messina, Sr. VP of Asset Management (Age 57)
  • Mr. David S. Eaton, Sr. VP of Leasing

When did Paramount Group IPO?

(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.

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 a variety of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (5.22%), Long Pond Capital LP (4.47%), State Street Corp (2.71%), AJO LP (1.27%), Heitman Real Estate Securities LLC (0.97%) and Morgan Stanley (0.95%). Company insiders that own Paramount Group stock include Albert P Behler, Alexander Otto and Katharina Otto-Bernstein.
View institutional ownership trends for Paramount Group
.

Which major investors are selling Paramount Group stock?

PGRE stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, BlackRock Inc., LSV Asset Management, Charles Schwab Investment Management Inc., Arrowstreet Capital Limited Partnership, Heitman Real Estate Securities LLC, State Street Corp, and AXA S.A..
View insider buying and selling activity for Paramount Group
.

Which major investors are buying Paramount Group stock?

PGRE stock was purchased by a variety of institutional investors in the last quarter, including Long Pond Capital LP, JPMorgan Chase & Co., Principal Financial Group Inc., SG Americas Securities LLC, Westpac Banking Corp, Aperio Group LLC, Cubist Systematic Strategies LLC, and First Trust Advisors LP. Company insiders that have bought Paramount Group stock in the last two years include Albert P Behler, and Katharina Otto-Bernstein.
View insider buying and selling activity for Paramount Group
.

How do I buy shares of Paramount Group?

Shares of PGRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Paramount Group's stock price today?

One share of PGRE stock can currently be purchased for approximately $9.87.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $2.17 billion and generates $769.18 million in revenue each year. The financial services provider earns $-36,900,000.00 in net income (profit) each year or $0.98 on an earnings per share basis. Paramount Group employs 317 workers across the globe.

What is Paramount Group's official website?

The official website for Paramount Group is www.paramount-group.com.

How can I contact Paramount Group?

Paramount Group's mailing address is 1633 BROADWAY SUITE 1801, NEW YORK NY, 10019. The financial services provider can be reached via phone at 212-237-3100 or via email at [email protected]

This page was last updated on 11/28/2020 by MarketBeat.com Staff

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