NYSE:PGRE - Paramount Group Stock Price, News & Analysis

$13.28
+0.11 (+0.84 %)
(As of 08/16/2019 04:00 PM ET)
Today's Range
$13.09
Now: $13.28
$13.35
50-Day Range
$12.98
MA: $13.75
$14.35
52-Week Range
$12.18
Now: $13.28
$16.05
Volume1.02 million shs
Average Volume1.45 million shs
Market Capitalization$3.11 billion
P/E Ratio13.61
Dividend Yield3.06%
Beta0.76
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$1.1235 per share
Book Value$20.56 per share

Profitability

Net Income$9.14 million

Miscellaneous

Employees321
Market Cap$3.11 billion
Next Earnings Date11/4/2019 (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 announced a quarterly dividend on Monday, June 17th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.10 per share on Monday, July 15th. This represents a $0.40 annualized dividend and a dividend yield of 3.01%. The ex-dividend date of this dividend is Thursday, June 27th. View Paramount Group's Dividend History.

How were Paramount Group's earnings last quarter?

Paramount Group Inc (NYSE:PGRE) released its earnings results on Wednesday, July, 31st. The financial services provider reported $0.01 EPS for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.21. The financial services provider earned $188.58 million during the quarter, compared to the consensus estimate of $187.21 million. Paramount Group had a return on equity of 1.06% and a net margin of 6.77%. Paramount Group's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm 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 Monday, November 4th 2019. View Earnings Estimates for Paramount Group.

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

Paramount Group issued an update on its FY19 earnings guidance on Wednesday, July, 31st. The company provided EPS guidance of $0.93-0.97 for the period, compared to the Thomson Reuters consensus estimate of $0.92.

What price target have analysts set for PGRE?

3 analysts have issued 12-month price objectives for Paramount Group's stock. Their predictions range from $14.46 to $21.00. On average, they anticipate Paramount Group's share price to reach $17.73 in the next twelve months. This suggests a possible upside of 33.5% from the stock's current price. View Analyst Price Targets for Paramount Group.

What is the consensus analysts' recommendation for Paramount Group?

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

Has Paramount Group been receiving favorable news coverage?

News stories about PGRE stock have trended negative on Saturday, according to InfoTrie Sentiment. The research firm identifies positive and negative news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paramount Group earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned news stories about the financial services provider a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near future. View News Stories for Paramount Group.

Are investors shorting Paramount Group?

Paramount Group saw a decline in short interest during the month of July. As of July 31st, there was short interest totalling 3,559,700 shares, a decline of 11.3% from the June 30th total of 4,011,900 shares. Based on an average daily volume of 1,300,000 shares, the short-interest ratio is presently 2.7 days. Currently, 1.8% of the shares of the stock 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 acted 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 variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (12.31%), BlackRock Inc. (6.25%), Price T Rowe Associates Inc. MD (3.89%), Long Pond Capital LP (3.49%), Morgan Stanley (2.60%) and Renaissance Technologies LLC (2.18%). 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 Price T Rowe Associates Inc. MD, Vanguard Group Inc., Morgan Stanley, Presima Inc., BlackRock Inc., UBS Asset Management Americas Inc., JPMorgan Chase & Co. and Bank of America Corp DE. View Insider Buying and Selling for Paramount Group.

Which major investors are buying Paramount Group stock?

PGRE stock was bought by a variety of institutional investors in the last quarter, including Long Pond Capital LP, Renaissance Technologies LLC, Crestline Management LP, Nuveen Asset Management LLC, Russell Investments Group Ltd., Great Lakes Advisors LLC, Citadel Advisors LLC and Hill Winds Capital 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, Scottrade, Fidelity and Charles Schwab.

What is Paramount Group's stock price today?

One share of PGRE stock can currently be purchased for approximately $13.28.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $3.11 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:  2.0 out of 5 (star star)
Outperform Votes:  177 (Vote Outperform)
Underperform Votes:  261 (Vote Underperform)
Total Votes:  438
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 8/17/2019 by MarketBeat.com Staff

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