Paramount Group, Inc. is a fully-integrated real estate investment trust (REIT) focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City, Washington, District of Columbia (D.C.) and San Francisco. The Company conducts its business through, and substantially all its interests in properties and investments are held by, Paramount Group Operating Partnership LP (the Operating Partnership). The Company's segments include New York, Washington, D.C. and San Francisco. As of December 31, 2016, the Company's portfolio consisted of 13 Class A office properties aggregating approximately 10.8 million square feet that was 93.3% leased and 90.9% occupied. The Company also has an investment management business, where it serves as the general partner and property manager of certain private equity real estate funds for institutional investors and high-net-worth individuals.
Industry, Sector and Symbol:
Capitalization:- Market Cap: $3.81 billion
- Outstanding Shares: 238,768,000
Average Prices:- 50 Day Moving Avg: $15.94
- 200 Day Moving Avg: $16.31
- 52 Week Range: $14.58 - $18.28
P/E:- Trailing P/E Ratio: 37.68
- Foreward P/E Ratio: -1,594.00
- P/E Growth: 5.19
Sales & Book Value:- Annual Revenue: $698.58 million
- Price / Sales: 5.45
- Book Value: $17.57 per share
- Price / Book: 0.91
Dividend:- Annual Dividend: $0.38
- Dividend Yield: 2.4%
Profitability:- EBIDTA: $384.89 million
- Net Margins: 13.88%
- Return on Equity: 1.99%
- Return on Assets: 1.12%
Debt:- Current Ratio: 0.10%
- Quick Ratio: 0.10%
Misc:- Average Volume: 1.20 million shs.
- Beta: 0.8
- Short Ratio: 4.8
Frequently Asked Questions for Paramount Group (NYSE:PGRE)
What is Paramount Group's stock symbol?
Paramount Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGRE."
How were Paramount Group's earnings last quarter?
Paramount Group, Inc. (NYSE:PGRE) released its earnings results on Thursday, May, 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm earned $172.92 million during the quarter, compared to analysts' expectations of $167.75 million. Paramount Group had a return on equity of 1.99% and a net margin of 13.88%. The company's quarterly revenue was up 7.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.20 earnings per share. View Paramount Group's Earnings History.
Where is Paramount Group's stock going? Where will Paramount Group's stock price be in 2017?
4 brokerages have issued twelve-month price targets for Paramount Group's stock. Their forecasts range from $15.00 to $16.00. On average, they expect Paramount Group's stock price to reach $15.50 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 Highwoods Properties (HIW), Hudson Pacific Properties (HPP), Gramercy Property Trust (GPT), Equity Commonwealth (EQC), Corporate Office Properties Trust (OFC), Piedmont Office Realty Trust (PDM), Brandywine Realty Trust (BDN), Mack-Cali Realty Corporation (CLI), Parkway Properties (PKY), TIER REIT (TIER), City Office REIT (CIO) and Franklin Street Properties Corp. (FSP).
Who are Paramount Group's key executives?
Paramount Group's management team includes the folowing people:
- Albert Behler, Chairman of the Board, President, Chief Executive Officer
- Wilbur N. Paes, Chief Financial Officer, Executive Vice President, Treasurer
- Daniel A. Lauer, Executive Vice President, Chief Investment Officer
- Jolanta K. Bott, Executive Vice President, Operations Human Resources
- Theodore J. Koltis, Executive Vice President, Leasing
- Gage R. Johnson, Senior Vice President, General Counsel, Secretary
- Ralph J. Diruggiero, Senior Vice President, Property Management
- Vito Messina, Senior Vice President, Asset Management
- Peter David Linneman Ph.D., Lead Independent Director
- Thomas Armbrust, Director
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 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.
How do I buy Paramount Group stock?
Shares of Paramount Group can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Paramount Group's stock price today?
One share of Paramount Group stock can currently be purchased for approximately $15.94.
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Paramount Group (NYSE:PGRE) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 2 Sell Ratings, 1 Hold Rating, 1 Buy Rating |
| Consensus Rating: | Hold (Score: 1.75) |
| Consensus Price Target: | $15.50 (2.76% downside) |
Analysts' Ratings History for Paramount Group (NYSE:PGRE)
Show:
| Date | Firm | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 6/22/2017 | Goldman Sachs Group, Inc. (The) | Reiterated Rating | Sell | | Low |  |
| 6/13/2017 | Morgan Stanley | Downgrade | Equal Weight -> Underweight | $17.50 -> $15.00 | Low | |
| 12/13/2016 | Wells Fargo & Company | Upgrade | Market Perform -> Outperform | | N/A | |
| 11/7/2016 | Mizuho | Lower Price Target | Neutral | $17.00 -> $16.00 | N/A | |
| 3/29/2016 | Bank of America Corporation | Downgrade | Buy -> Neutral | | N/A | |
| 3/28/2016 | Cowen and Company | Initiated Coverage | Market Perform | $17.00 | N/A | |
| 3/2/2016 | Buckingham Research | Upgrade | Neutral -> Buy | | N/A | |
| 3/2/2016 | Capital One Financial Corporation | Upgrade | Equal Weight -> Overweight | $20.00 -> $19.00 | N/A | |
| 1/5/2016 | Deutsche Bank AG | Boost Price Target | Buy | $20.00 -> $21.00 | N/A | |
| 9/8/2015 | Evercore ISI | Reiterated Rating | Buy | $21.00 -> $20.00 | N/A | |
| 9/8/2015 | Evercore Partners Inc | Lower Price Target | Buy | $21.00 -> $20.00 | N/A | |
(Data available from 8/17/2015 forward)
Earnings History for Paramount Group (NYSE:PGRE)Earnings History by Quarter for Paramount Group (NYSE PGRE)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 5/5/2016 | Q116 | $0.21 | $0.23 | $167.75 million | $172.92 million | View | N/A | |
| 2/23/2016 | Q415 | $0.21 | $0.21 | $167.45 million | $170.50 million | View | Listen | |
| 11/5/2015 | Q315 | $0.20 | $0.20 | $161.51 million | $167.70 million | View | N/A | |
| 8/6/2015 | Q215 | ($0.06) | $0.22 | $163.39 million | $162.92 million | View | N/A | |
| 5/7/2015 | Q115 | $0.20 | $0.18 | $161.50 million | $161.23 million | View | N/A | |
| 3/5/2015 | Q414 | ($0.11) | $0.08 | $158.10 million | | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Paramount Group (NYSE:PGRE)Current Year EPS Consensus Estimate: $0.04 EPS
Next Year EPS Consensus Estimate: $-0.01 EPS
Current Dividend Information for Paramount Group (NYSE:PGRE)| Most Recent Dividend: | 4/15/2016 |
| Annual Dividend: | $0.38 |
| Dividend Yield: | 2.38% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio: | 92.69% (Trailing 12 Months of Earnings)
950.00% (Based on This Year's Estimates)
-3,800.00% (Based on Next Year's Estimates)
|
Dividend History by Quarter for Paramount Group (NYSE PGRE)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/16/2016 | quarterly | $0.10 | 2.37% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/16/2015 | quarterly | $0.10 | 2.12% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/15/2015 | quarterly | $0.10 | 2.31% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/26/2015 | quarterly | $0.10 | 2.01% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/2/2015 | quarterly | $0.10 | 2.06% | 3/10/2015 | 3/12/2015 | 3/30/2015 |
| 3/2/2015 | special | $0.04 | | 3/9/2015 | 3/11/2015 | 3/27/2015 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Paramount Group (NYSE:PGRE)Insider Ownership Percentage: 5.70%
Institutional Ownership Percentage: 64.97%
Insider Trades by Quarter for Paramount Group (NYSE:PGRE)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 3/10/2016 | David P Oconnor | Director | Buy | 32,000 | $15.23 | $487,360.00 | |
| 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)
Headline Trends for Paramount Group (NYSE:PGRE)
Latest Headlines for Paramount Group (NYSE:PGRE)
| Source: |
|
| Date | Headline |
|---|
 | See what the IHS Markit Score report has to say about Paramount Group Inc.
finance.yahoo.com - August 13 at 3:04 AM |
| Paramount Group, Inc. breached its 50 day moving average in a Bearish Manner : PGRE-US : August 9, 2017
finance.yahoo.com - August 10 at 6:50 AM |
| Edited Transcript of PGRE earnings conference call or presentation 4-Aug-17 2:00pm GMT
finance.yahoo.com - August 5 at 6:12 AM |
| Paramount Announces Second Quarter 2017 Results
finance.yahoo.com - August 4 at 7:01 AM |
 | Paramount Group (NYSE:PGRE) vs. Corporate Office Properties Trust (OFC) Head-To-Head Contrast
www.americanbankingnews.com - August 1 at 9:15 AM |
| Brokerages Anticipate Paramount Group, Inc. (PGRE) Will Announce Quarterly Sales of $169.96 Million
www.americanbankingnews.com - July 29 at 7:27 AM |
| Zacks: Brokerages Anticipate Paramount Group, Inc. (NYSE:PGRE) Will Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - July 27 at 6:34 PM |
| SL Green Realty Corporation (SLG) and Paramount Group (PGRE) Head to Head Survey
www.americanbankingnews.com - July 21 at 12:06 PM |
| Paramount Group, Inc. breached its 50 day moving average in a Bullish Manner : PGRE-US : July 20, 2017
finance.yahoo.com - July 21 at 6:09 AM |
| Paramount Announces Release Date for Second Quarter 2017 Results
finance.yahoo.com - July 14 at 7:26 AM |
| Brokerages Expect Paramount Group, Inc. (NYSE:PGRE) Will Post Quarterly Sales of $169.96 Million
www.americanbankingnews.com - July 5 at 11:48 AM |
| Paramount Group, Inc. breached its 50 day moving average in a Bearish Manner : PGRE-US : July 3, 2017
finance.yahoo.com - July 4 at 6:28 AM |
| Brokerages Anticipate Paramount Group, Inc. (PGRE) Will Post Earnings of $0.21 Per Share
www.americanbankingnews.com - July 3 at 2:27 PM |
| Paramount Group's (PGRE) Sell Rating Reiterated at Goldman Sachs Group, Inc. (The)
www.americanbankingnews.com - June 22 at 1:38 PM |
| Paramount Group, Inc. (PGRE) Cut to "Underweight" at Morgan Stanley
www.americanbankingnews.com - June 18 at 3:02 PM |
| [$$] Two NYC Office REITs That Won't Get Schmeared
finance.yahoo.com - June 14 at 11:34 PM |
| Paramount Completes $300 Million Refinancing of 712 Fifth Avenue
finance.yahoo.com - June 13 at 7:19 PM |
| Paramount Group Inc (PGRE) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - June 10 at 6:10 PM |
| $169.96 Million in Sales Expected for Paramount Group Inc (PGRE) This Quarter
www.americanbankingnews.com - June 9 at 1:50 PM |
| Paramount Group Inc (PGRE) Expected to Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - June 7 at 12:20 PM |
| Paramount to Present at NAREIT’s REITWeek 2017
finance.yahoo.com - June 2 at 9:43 PM |
 | Paramount Group reports 1Q results
marketbeat.com - May 4 at 7:38 PM |
| Paramount Announces First Quarter 2017 Results
finance.yahoo.com - May 4 at 7:23 PM |
| Paramount Completes Sale of Waterview
finance.yahoo.com - May 3 at 7:48 PM |
| Paramount Group Inc (PGRE) Short Interest Down 30.2% in April
www.americanbankingnews.com - May 2 at 7:12 AM |
| Paramount Group Inc (PGRE) Short Interest Up 60.0% in March
www.americanbankingnews.com - April 18 at 7:21 AM |
| Paramount Announces Release Date for First Quarter 2017 Results
finance.yahoo.com - April 13 at 7:01 PM |
| Edited Transcript of PGRE earnings conference call or presentation 23-Feb-17 3:00pm GMT
finance.yahoo.com - March 13 at 6:55 PM |
| Paramount to Participate in Citi’s 2017 Global Property CEO Conference
finance.yahoo.com - March 3 at 7:16 PM |
 | Paramount Announces Fourth Quarter 2016 Results
us.rd.yahoo.com - February 22 at 7:20 PM |
| Paramount Announces That Its Entire Portfolio Achieves Gold or Platinum LEED Certification
finance.yahoo.com - February 13 at 9:18 AM |
 | Top N.Y.C. commercial real estate deals: GIC and the New School top chart
www.bizjournals.com - February 6 at 7:19 PM |
| Paramount Announces Release Date for Fourth Quarter 2016 Results
finance.yahoo.com - February 2 at 8:11 PM |
| Paramount to Sell Waterview for $460 Million
us.rd.yahoo.com - February 1 at 9:23 PM |
| 8:06 am Paramount Group enters into an agreement to sell Waterview for $460 mln
us.rd.yahoo.com - February 1 at 9:23 PM |
 | Paramount Group (PGRE), GIC Form Joint Venture and Acquire 60 Wall Street
www.streetinsider.com - January 24 at 8:00 PM |
| GIC and Paramount Form Joint Venture and Acquire 60 Wall Street
finance.yahoo.com - January 24 at 7:59 PM |
| Paramount Completes $975 Million Refinancing of One Market Plaza
finance.yahoo.com - January 20 at 1:02 AM |
| Paramount Announces Tax Treatment of 2016 Common Stock Dividends
finance.yahoo.com - January 18 at 7:48 PM |
| Paramount Completes Acquisition of One Front Street
finance.yahoo.com - December 5 at 7:09 PM |
| Q3 2016 Paramount Group Inc Earnings Release - After Market Close
biz.yahoo.com - November 2 at 10:22 AM |
 | Paramount Completes $850 Million Financing of 1301 Avenue of the Americas
www.businesswire.com - October 11 at 7:02 PM |
 | Ex-Dividend Reminder: Tier REIT, Paramount Group and Apollo Commercial Real Estate Finance
www.nasdaq.com - September 26 at 6:49 PM |
 | [$$] When Will the Fed Smack Down REITs?
www.barrons.com - September 26 at 6:49 PM |
| Paramount to Participate in the Evercore ISI Annual Real Estate Conference
finance.yahoo.com - September 6 at 6:53 PM |
| PARAMOUNT GROUP, INC. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, Financial
biz.yahoo.com - August 8 at 7:03 PM |
 | Paramount Group reports 2Q results
www.cnbc.com - August 5 at 9:52 AM |
| Q2 2016 Paramount Group Inc Earnings Release - After Market Close
biz.yahoo.com - August 4 at 10:00 AM |
| Analysts Expect 10% Gains Ahead For The Holdings of EQWM
www.nasdaq.com - June 21 at 11:11 AM |
| PARAMOUNT GROUP, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
biz.yahoo.com - May 20 at 4:46 PM |
Paramount Group (PGRE) Chart for Thursday, August, 17, 2017
