S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
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NYSE:PGRE

Paramount Group Stock Forecast, Price & News

$9.00
-0.04 (-0.44 %)
(As of 01/22/2021 12:00 AM ET)
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Today's Range
$8.84
Now: $9.00
$9.01
50-Day Range
$8.63
MA: $9.06
$9.67
52-Week Range
$5.54
Now: $9.00
$15.00
Volume640,199 shs
Average Volume1.15 million shs
Market Capitalization$1.98 billion
P/E RatioN/A
Dividend Yield3.10%
Beta1.47
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.
Paramount Group logo

MarketRank

Overall MarketRank

1.49 out of 5 stars

Finance Sector

686th out of 1,933 stocks

Real Estate Investment Trusts Industry

156th out of 273 stocks

Analyst Opinion: 0.8Community Rank: 1.8Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 0.6 5 -4 -3 -2 -1 -

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$0.98 per share
Book Value$20.36 per share

Profitability

Net Income$-36,900,000.00

Miscellaneous

Market Cap$1.98 billion
Next Earnings Date2/10/2021 (Confirmed)
OptionableOptionable
$9.00
-0.04 (-0.44 %)
(As of 01/22/2021 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?

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PGRE shares have decreased by 10.9% and is now trading at $9.00.
View which stocks have been most impacted by COVID-19
.

Is Paramount Group a buy right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 3 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Paramount Group stock. 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.
View analyst ratings for Paramount Group
or view MarketBeat's top 5 stock picks.

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 past winning trading ideas 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.

What is Albert P Behler's approval rating as Paramount Group's CEO?

5 employees have rated Paramount Group CEO Albert P Behler on Glassdoor.com. Albert P Behler has an approval rating of 55% among Paramount Group's employees. This puts Albert P Behler in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

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 can I listen to Paramount Group's earnings call?

Paramount Group will be holding an earnings conference call on Wednesday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) announced its earnings results on Wednesday, July, 29th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.27. The financial services provider earned $171.12 million during the quarter, compared to the consensus estimate of $179.54 million. Paramount Group had a negative net margin of 8.31% and a negative trailing twelve-month return on equity of 1.44%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $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 Tuesday, December 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.07 per share on Friday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, December 30th.
View Paramount Group's dividend history
.

Is Paramount Group a good dividend stock?

Paramount Group pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.10%. The dividend payout ratio of Paramount Group is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Paramount Group will have a dividend payout ratio of 33.73% next year. This indicates that Paramount Group will be able to sustain or increase its dividend.
View Paramount Group's dividend history.

What price target have analysts set for PGRE?

6 brokerages have issued 1-year target prices for Paramount Group's shares. Their forecasts range from $7.25 to $10.50. On average, they anticipate Paramount Group's share price to reach $8.75 in the next year. This suggests that the stock has a possible downside of 2.8%.
View analysts' price targets for Paramount Group
or view Wall Street analyst' top-rated stocks.

Are investors shorting Paramount Group?

Paramount Group saw a decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,970,000 shares, a decline of 39.8% from the December 15th total of 6,590,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.1% of the company's shares are sold short.
View Paramount Group's Short Interest
.

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), (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 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 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.

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 MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.03%) and Redpoint Investment Management Pty Ltd (0.01%). 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 institutional investors are selling Paramount Group stock?

PGRE stock was sold by a variety of institutional investors in the last quarter, including MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH.
View insider buying and selling activity for Paramount Group
or view top insider-selling stocks.

Which institutional investors are buying Paramount Group stock?

PGRE stock was purchased by a variety of institutional investors in the last quarter, including Redpoint Investment Management Pty Ltd. 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
or or view top insider-buying stocks.

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 WeBull, 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 $9.00.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $1.98 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]aramount-group.com.

This page was last updated on 1/24/2021 by MarketBeat.com Staff

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