About Paramount Group (NYSE:PGRE)
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, D.C. 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
SymbolNYSE:PGRE
CUSIPN/A
Phone212-237-3100
Debt
Debt-to-Equity RatioN/A
Current Ratio0.08%
Quick Ratio0.08%
Price-To-Earnings
Trailing P/E Ratio15.70
Forward P/E Ratio14.86
P/E Growth3.49
Sales & Book Value
Annual Sales$718.97 million
Price / Sales4.67
Cash Flow$1.4226 per share
Price / Cash9.82
Book Value$20.92 per share
Price / Book0.67
Profitability
EPS (Most Recent Fiscal Year)$0.89
Net Income$86.38 million
Net Margins12.02%
Return on Equity1.75%
Return on Assets0.98%
Miscellaneous
Employees327
Outstanding Shares240,430,000
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 quarterly dividend on Friday, March 16th. Investors of record on Thursday, March 29th will be given a dividend of $0.10 per share on Friday, April 13th. This represents a $0.40 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend is Wednesday, March 28th. This is an increase from Paramount Group's previous quarterly dividend of $0.10. View Paramount Group's Dividend History.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NYSE:PGRE) issued its quarterly earnings results on Thursday, February, 15th. The financial services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The financial services provider earned $180.26 million during the quarter, compared to analysts' expectations of $179.69 million. Paramount Group had a return on equity of 1.75% and a net margin of 12.02%. The firm's revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm earned $0.17 earnings per share. View Paramount Group's Earnings History.
When is Paramount Group's next earnings date?
What guidance has Paramount Group issued on next quarter's earnings?
Paramount Group issued an update on its FY18 earnings guidance on Thursday, February, 15th. The company provided earnings per share guidance of $0.92-$0.96 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.95.
What price target have analysts set for PGRE?
3 brokerages have issued 12 month target prices for Paramount Group's stock. Their predictions range from $14.00 to $16.00. On average, they expect Paramount Group's share price to reach $15.00 in the next year. View Analyst Ratings for Paramount Group.
Who are some of Paramount Group's key competitors?
Some companies that are related to Paramount Group include Vici Properties (VICI), W. P. Carey (WPC), VEREIT (VER), Apartment Inv & Mgmt (AIV), Douglas Emmett (DEI), Howard Hughes (HHC), National Retail Properties (NNN), Liberty Property Trust (LPT), Kimco Realty (KIM), American Homes 4 Rent (AMH), Hammerson (HMSNF), New Residential Inv (NRZ), Starwood Property Trust (STWD), DCT Industrial Trust (DCT), Lamar Advertising (LAMR), American Campus Communities (ACC), Omega Healthcare Investors (OHI) and Healthcare Trust Of America (HTA).
Who are Paramount Group's key executives?
Paramount Group's management team includes the folowing people:
- Mr. Albert P. Behler, Chairman, CEO & Pres (Age 66)
- Mr. Wilbur Paes CPA, Exec. VP, CFO, Treasurer & Principal Accounting Officer (Age 41)
- Ms. Jolanta K. Bott, Exec. VP of Operations & HR (Age 66)
- Mr. Daniel A. Lauer, Chief Investment Officer and Exec. VP (Age 56)
- Mr. Theodore Koltis, Former Exec. VP of Leasing (Age 50)
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.
Has Paramount Group been receiving favorable news coverage?
Media headlines about PGRE stock have been trending somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Paramount Group earned a media sentiment score of 0.19 on Accern's scale. They also gave news articles about the financial services provider an impact score of 46.79 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the near term.
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 $13.97.
How big of a company is Paramount Group?
Paramount Group has a market capitalization of $3.39 billion and generates $718.97 million in revenue each year. The financial services provider earns $86.38 million in net income (profit) each year or $0.89 on an earnings per share basis. Paramount Group employs 327 workers across the globe.
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 (PGRE)
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.
Paramount Group (NYSE:PGRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Paramount Group in the last 12 months. Their average twelve-month price target is $15.00, suggesting that the stock has a possible upside of 7.37%. The high price target for PGRE is $16.00 and the low price target for PGRE is $14.00. There are currently 2 sell ratings and 1 hold rating for the stock, resulting in a consensus rating of "Sell."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Sell | Hold | Hold | Hold |
| Consensus Rating Score: | 1.33 | 1.75 | 1.80 | 2.00 |
| Ratings Breakdown: | 2 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.00 | $15.00 | $16.00 | $16.10 |
| Price Target Upside: | 7.37% upside | 4.53% upside | 2.83% upside | 3.47% upside |
Paramount Group (NYSE:PGRE) Consensus Price Target History
Paramount Group (NYSE:PGRE) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
Paramount Group (NYSE:PGRE) Dividend Information
Paramount Group pays an annual dividend of $0.40 per share, with a dividend yield of 2.86%. PGRE's most recent quarterly dividend payment was Friday, April 13. Paramount Group pays out 44.94% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 2.86% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 44.94% (Trailing 12 Months of Earnings)
42.55% (Based on This Year's Estimates)
40.00% (Based on Next Year's Estimates)
|
| Frequency: | Quarterly Dividend |
Paramount Group (NYSE:PGRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/16/2018 | quarterly | $0.10 | 2.73% | 3/28/2018 | 3/29/2018 | 4/13/2018 |
| 12/15/2017 | Quarterly | $0.0950 | 2.37% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/15/2017 | Quarterly | $0.0950 | | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 9/15/2017 | quarterly | $0.0950 | 2.37% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/16/2017 | quarterly | $0.0950 | 2.32% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/16/2017 | quarterly | $0.0950 | 2.29% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/16/2016 | quarterly | $0.0950 | 2.36% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/16/2016 | quarterly | $0.0950 | 2.29% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 6/16/2016 | quarterly | $0.0950 | 2.39% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/16/2016 | quarterly | $0.0950 | 2.37% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/16/2015 | quarterly | $0.0950 | 2.12% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/15/2015 | quarterly | $0.0950 | 2.31% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/26/2015 | quarterly | $0.0950 | 2.01% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/2/2015 | quarterly | $0.0950 | 2.06% | 3/10/2015 | 3/12/2015 | 3/30/2015 |
| 3/2/2015 | special | $0.0390 | | 3/9/2015 | 3/11/2015 | 3/27/2015 |
(Data available from 1/1/2013 forward)
Paramount Group (NYSE PGRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 7.90%
Institutional Ownership Percentage: 68.59%
Paramount Group (NYSE PGRE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/1/2016 | Katharina Otto-Bernstein | Director | Buy | 100,000 | $15.59 | $1,559,000.00 | 12,131,489 |  |
| 11/29/2016 | Katharina Otto-Bernstein | Director | Buy | 100,000 | $15.69 | $1,569,000.00 | 12,020,175 | |
| 11/22/2016 | Katharina Otto-Bernstein | Director | Buy | 100,000 | $15.74 | $1,574,000.00 | 11,931,489 | |
| 3/10/2016 | David P Oconnor | Director | Buy | 32,000 | $15.23 | $487,360.00 | 46,285 | |
| 11/24/2014 | David P Oconnor | Director | Buy | 14,285 | $17.50 | $249,987.50 | | |
| 11/24/2014 | Wilbur N Paes | CAO | Buy | 10,000 | $17.50 | $175,000.00 | | |
(Data available from 1/1/2013 forward)
Paramount Group (NYSE PGRE) News Headlines
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Paramount Group (NYSE:PGRE) SEC Filings
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Paramount Group (NYSE:PGRE) Income Statement, Balance Sheet and Cash Flow Statement
Paramount Group (NYSE PGRE) Stock Chart for Saturday, April, 21, 2018
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