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
Phone212-237-3100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$758.96 million
Profitability
Miscellaneous
Employees327
OptionableOptionable
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 Friday, December 14th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.10 per share on Tuesday, January 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Friday, December 28th. View Paramount Group's Dividend History.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NYSE:PGRE) posted its earnings results on Wednesday, February, 13th. The financial services provider reported $0.02 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.21. The financial services provider earned $190.68 million during the quarter, compared to the consensus estimate of $186.53 million. Paramount Group had a return on equity of 0.18% and a net margin of 1.21%. The business's revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.22 EPS. 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 FY19 earnings guidance on Wednesday, February, 13th. The company provided earnings per share guidance of $0.88-0.92 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.98.
What price target have analysts set for PGRE?
3 brokers have issued twelve-month price targets for Paramount Group's shares. Their forecasts range from $14.00 to $21.00. On average, they anticipate Paramount Group's share price to reach $16.50 in the next twelve months. This suggests a possible upside of 12.9% 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 sell rating, 1 hold 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?
News articles about PGRE stock have been trending somewhat positive recently, according to InfoTrie Sentiment. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Paramount Group earned a media sentiment score of 1.4 on InfoTrie's scale. They also assigned press coverage about the financial services provider a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the near term.
Who are some of Paramount Group's key competitors?
Some companies that are related to Paramount Group include Host Hotels and Resorts (HST), Vornado Realty Trust (VNO), Extra Space Storage (EXR), WP Carey (WPC), UDR (UDR), SINO LD LTD/S (SNLAY), Mid-America Apartment Communities (MAA), Regency Centers (REG), Klepierre (KLPEF), Duke Realty (DRE), Gecina (GECFF), Iron Mountain (IRM), Federal Realty Investment Trust (FRT), Sun Communities (SUI) and Equity Lifestyle Properties (ELS).
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 & Principal Accounting Officer (Age 42)
- Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 42)
- Mr. Christopher Brandt, VP, Investor Relations
- Mr. Gage Johnson, Sr. VP, Gen. Counsel & Sec. (Age 57)
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 $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 number of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (6.68%), Presima Inc. (1.80%), Dimensional Fund Advisors LP (1.41%), Duff & Phelps Investment Management Co. (1.14%), Geode Capital Management LLC (1.08%) and Northern Trust Corp (0.90%). 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 BlackRock Inc., Duff & Phelps Investment Management Co., Bank of America Corp DE, Two Sigma Investments LP, Nuveen Asset Management LLC, Thrivent Financial for Lutherans, New York State Common Retirement Fund and Amundi Pioneer Asset Management Inc.. View Insider Buying and Selling for Paramount Group.
Which institutional investors are buying Paramount Group stock?
PGRE stock was acquired by a variety of institutional investors in the last quarter, including D. E. Shaw & Co. Inc., Hill Winds Capital LP, Squarepoint Ops LLC, Barclays PLC, Dimensional Fund Advisors LP, Citigroup Inc., Crestline Management LP and Geode Capital Management LLC. 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 $14.62.
How big of a company is Paramount Group?
Paramount Group has a market capitalization of $3.47 billion and generates $758.96 million in revenue each year. The financial services provider earns $86.38 million in net income (profit) each year or $0.96 on an earnings per share basis. Paramount Group employs 327 workers across the globe.
What is Paramount Group's official website?
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)
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.
