Paramount Group - PGRE Stock Forecast, Price & News

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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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6 Wall Street research analysts have issued 1 year target prices for Paramount Group's stock. Their PGRE share price forecasts range from $5.00 to $8.00. On average, they anticipate the company's stock price to reach $6.60 in the next year. This suggests that the stock has a possible downside of 1.5%.
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Paramount Group's stock was trading at $5.94 at the beginning of 2023. Since then, PGRE stock has increased by 12.8% and is now trading at $6.70.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our PGRE earnings forecast.

Paramount Group will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735166".

Paramount Group, Inc. (NYSE:PGRE) issued its earnings results on Wednesday, April, 27th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.21. Paramount Group had a net margin of 0.37% and a trailing twelve-month return on equity of 0.06%. During the same period in the prior year, the company earned $0.23 EPS.

Paramount Group declared a quarterly dividend on Thursday, December 15th. Stockholders of record on Friday, December 30th will be given a dividend of $0.078 per share on Friday, January 13th. This represents a $0.31 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, December 29th.
Read our dividend analysis for PGRE.

Paramount Group (NYSE:PGRE) pays an annual dividend of $0.31 per share and currently has a dividend yield of 4.81%. PGRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1,550.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PGRE will have a dividend payout ratio of 33.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGRE.

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 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.

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

Paramount Group's stock is owned by many different institutional and retail investors. Top institutional investors include Presima Securities ULC (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Strs Ohio (0.08%), Allspring Global Investments Holdings LLC (0.08%), Zurcher Kantonalbank Zurich Cantonalbank (0.03%) and Cornerstone Investment Partners LLC (0.01%). Insiders that own company stock include Albert P Behler and Thomas Armbrust.
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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 $6.70.

Paramount Group (NYSE:PGRE) has a market capitalization of $1.47 billion and generates $726.79 million in revenue each year. The financial services provider earns $-20,350,000.00 in net income (profit) each year or $0.02 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.