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

$13.62
+0.04 (+0.29 %)
(As of 11/19/2019 04:00 PM ET)
Today's Range
$13.53
Now: $13.62
$13.70
50-Day Range
$12.71
MA: $13.22
$13.81
52-Week Range
$12.18
Now: $13.62
$15.11
Volume1.44 million shs
Average Volume1.31 million shs
Market Capitalization$3.10 billion
P/E Ratio14.19
Dividend Yield2.95%
Beta0.77
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, Washington, DC 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.

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.96 million
Cash Flow$1.11 per share
Book Value$20.62 per share

Profitability

Net Income$9.14 million

Miscellaneous

Employees321
Market Cap$3.10 billion
Next Earnings Date2/12/2020 (Estimated)
OptionableOptionable

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Paramount Group (NYSE:PGRE) Frequently Asked Questions

What is Paramount Group's stock symbol?

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

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

Paramount Group declared a -- dividend on Monday, September 16th. Investors of record on Monday, September 30th will be paid a dividend of $0.10 per share on Tuesday, October 15th. This represents a yield of 3%. The ex-dividend date is Friday, September 27th. View Paramount Group's Dividend History.

How were Paramount Group's earnings last quarter?

Paramount Group Inc (NYSE:PGRE) issued its quarterly earnings data on Wednesday, November, 6th. The financial services provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.24 by $0.21. The financial services provider earned $198.32 million during the quarter, compared to the consensus estimate of $190.88 million. Paramount Group had a net margin of 2.77% and a return on equity of 0.44%. The company's quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company earned $0.24 EPS. View Paramount Group's Earnings History.

When is Paramount Group's next earnings date?

Paramount Group is scheduled to release their next quarterly earnings announcement on Wednesday, February 12th 2020. View Earnings Estimates for Paramount Group.

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

Paramount Group updated its FY19 earnings guidance on Wednesday, November, 6th. The company provided earnings per share guidance of $0.95-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.94.

What price target have analysts set for PGRE?

2 brokerages have issued 12-month target prices for Paramount Group's stock. Their forecasts range from $13.00 to $15.00. On average, they expect Paramount Group's stock price to reach $14.00 in the next twelve months. This suggests a possible upside of 2.8% from the stock's current price. View Analyst Price Targets for Paramount Group.

What is the consensus analysts' recommendation for Paramount Group?

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

Has Paramount Group been receiving favorable news coverage?

Media headlines about PGRE stock have been trending very negative on Tuesday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Paramount Group earned a media sentiment score of -3.4 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the stock's share price in the next few days. View News Stories for Paramount Group.

Are investors shorting Paramount Group?

Paramount Group saw a drop in short interest in October. As of October 31st, there was short interest totalling 3,040,000 shares, a drop of 7.6% from the September 30th total of 3,290,000 shares. Based on an average daily trading volume, of 1,660,000 shares, the short-interest ratio is presently 1.8 days. Approximately 1.5% of the company's shares are sold short. View Paramount Group's Current Options Chain.

Who are some of Paramount Group's key competitors?

What other stocks do shareholders of Paramount Group own?

Who are Paramount Group's key executives?

Paramount Group's management team includes the folowing people:
  • Mr. Albert P. Behler, Chairman, CEO & Pres (Age 67)
  • Mr. Wilbur Paes CPA, Exec. VP, CFO & Treasurer (Age 42)
  • Mr. Gage Johnson, Sr. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 42)
  • Mr. David Zobel, Exec. VP & Head of Acquisitions (Age 33)

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.

Who are Paramount Group's major shareholders?

Paramount Group's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Presima Inc. (1.45%), Russell Investments Group Ltd. (0.95%), Duff & Phelps Investment Management Co. (0.60%), California Public Employees Retirement System (0.19%), Sumitomo Mitsui Trust Holdings Inc. (0.18%) and Great Lakes Advisors LLC (0.17%). 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 Russell Investments Group Ltd., Presima Inc., State of Alaska Department of Revenue, Duff & Phelps Investment Management Co., Strs Ohio, Envestnet Asset Management Inc., Eii Capital Management Inc. and Great Lakes Advisors LLC. View Insider Buying and Selling 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 State of New Jersey Common Pension Fund D, California Public Employees Retirement System, Sumitomo Mitsui Trust Holdings Inc., Mizuho Securities USA LLC, Zurcher Kantonalbank Zurich Cantonalbank, Nisa Investment Advisors LLC, Daiwa Securities Group Inc. and First Trust Advisors LP. View Insider Buying and Selling 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 $13.62.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $3.10 billion and generates $758.96 million in revenue each year. The financial services provider earns $9.14 million in net income (profit) each year or $0.96 on an earnings per share basis. Paramount Group employs 321 workers across the globe.View Additional Information About Paramount Group.

What is Paramount Group's official website?

The official website for Paramount Group is http://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]


MarketBeat Community Rating for Paramount Group (NYSE PGRE)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  184 (Vote Outperform)
Underperform Votes:  299 (Vote Underperform)
Total Votes:  483
MarketBeat's community ratings are surveys of what our community members think about Paramount Group and other stocks. Vote "Outperform" if you believe PGRE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe PGRE will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 11/19/2019 by MarketBeat.com Staff

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