Paramount Group Company Profile (NYSE:PGRE)

About Paramount Group (NYSE:PGRE)

Paramount Group logoParamount 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:
  • Sector: Finance
  • Industry: Office REITs
  • Sub-Industry: N/A
  • Symbol: NYSE:PGRE
  • CUSIP: N/A
  • Web: www.paramount-group.com
Capitalization:
  • Market Cap: $3.71 billion
  • Outstanding Shares: 238,768,000
Average Prices:
  • 50 Day Moving Avg: $15.90
  • 200 Day Moving Avg: $16.28
  • 52 Week Range: $14.58 - $18.28
P/E:
  • Trailing P/E Ratio: 36.78
  • Foreward P/E Ratio: 517.33
  • P/E Growth: 0.44
Sales & Book Value:
  • Annual Revenue: $708.66 million
  • Price / Sales: 5.23
  • Book Value: $17.57 per share
  • Price / Book: 0.88
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: 1.21 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) announced its quarterly earnings results on Thursday, May, 5th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.21 by $0.02. The business had revenue of $172.92 million for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $0.20 EPS. View Paramount Group's Earnings History.

Where is Paramount Group's stock going? Where will Paramount Group's stock price be in 2017?

4 equities research analysts have issued 1-year price objectives for Paramount Group's stock. Their predictions range from $15.00 to $16.00. On average, they expect Paramount Group's stock price to reach $15.50 in the next twelve months. View Analyst Ratings for Paramount Group.

Who are some of Paramount Group's key competitors?

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 (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.

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 $15.52.


MarketBeat Community Rating for Paramount Group (NYSE PGRE)
Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  75 (Vote Outperform)
Underperform Votes:  93 (Vote Underperform)
Total Votes:  168
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.

Analyst Ratings

Consensus Ratings for Paramount Group (NYSE:PGRE) (How are Consensus Ratings Calculated?)
Ratings Breakdown: 2 Sell Ratings, 1 Hold Rating, 1 Buy Rating
Consensus Rating:Hold (Score: 1.75)
Consensus Price Target: $15.50 (0.13% downside)

Analysts' Ratings History for Paramount Group (NYSE:PGRE)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
6/22/2017Goldman Sachs Group, Inc. (The)Reiterated RatingSellLowView Rating Details
6/13/2017Morgan StanleyDowngradeEqual Weight -> Underweight$17.50 -> $15.00LowView Rating Details
12/13/2016Wells Fargo & CompanyUpgradeMarket Perform -> OutperformN/AView Rating Details
11/7/2016MizuhoLower Price TargetNeutral$17.00 -> $16.00N/AView Rating Details
3/29/2016Bank of America CorporationDowngradeBuy -> NeutralN/AView Rating Details
3/28/2016Cowen and CompanyInitiated CoverageMarket Perform$17.00N/AView Rating Details
3/2/2016Buckingham ResearchUpgradeNeutral -> BuyN/AView Rating Details
3/2/2016Capital One Financial CorporationUpgradeEqual Weight -> Overweight$20.00 -> $19.00N/AView Rating Details
1/5/2016Deutsche Bank AGBoost Price TargetBuy$20.00 -> $21.00N/AView Rating Details
9/8/2015Evercore ISIReiterated RatingBuy$21.00 -> $20.00N/AView Rating Details
9/8/2015Evercore Partners IncLower Price TargetBuy$21.00 -> $20.00N/AView Rating Details
(Data available from 8/22/2015 forward)

Earnings

Earnings History for Paramount Group (NYSE:PGRE)
Earnings by Quarter for Paramount Group (NYSE:PGRE)
Earnings History by Quarter for Paramount Group (NYSE PGRE)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/5/2016Q116$0.21$0.23$167.75 million$172.92 millionViewN/AView Earnings Details
2/23/2016Q415$0.21$0.21$167.45 million$170.50 millionViewListenView Earnings Details
11/5/2015Q315$0.20$0.20$161.51 million$167.70 millionViewN/AView Earnings Details
8/6/2015Q215($0.06)$0.22$163.39 million$162.92 millionViewN/AView Earnings Details
5/7/2015Q115$0.20$0.18$161.50 million$161.23 millionViewN/AView Earnings Details
3/5/2015Q414($0.11)$0.08$158.10 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Paramount Group (NYSE:PGRE)
Current Year EPS Consensus Estimate: $0.48 EPS
Next Year EPS Consensus Estimate: $0.03 EPS

Dividends

Current Dividend Information for Paramount Group (NYSE:PGRE)
Most Recent Dividend:4/15/2016
Annual Dividend:$0.38
Dividend Yield:2.45%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:92.69% (Trailing 12 Months of Earnings)
79.17% (Based on This Year's Estimates)
1,266.67% (Based on Next Year's Estimates)
Dividend Payments by Quarter for Paramount Group (NYSE:PGRE)

Dividend History by Quarter for Paramount Group (NYSE PGRE)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
3/16/2016quarterly$0.102.37%3/29/20163/31/20164/15/2016
12/16/2015quarterly$0.102.12%12/29/201512/31/20151/15/2016
9/15/2015quarterly$0.102.31%9/28/20159/30/201510/15/2015
5/26/2015quarterly$0.102.01%6/26/20156/30/20157/15/2015
3/2/2015quarterly$0.102.06%3/10/20153/12/20153/30/2015
3/2/2015special$0.043/9/20153/11/20153/27/2015
(Data available from 1/1/2013 forward)

Insider Trades

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)
Institutional Ownership by Quarter for Paramount Group (NYSE:PGRE)
Insider Trades by Quarter for Paramount Group (NYSE:PGRE)
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
3/10/2016David P OconnorDirectorBuy32,000$15.23$487,360.00View SEC Filing  
11/24/2014David P OconnorDirectorBuy14,285$17.50$249,987.50View SEC Filing  
11/24/2014Wilbur N PaesCAOBuy10,000$17.50$175,000.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for Paramount Group (NYSE:PGRE)
Latest Headlines for Paramount Group (NYSE:PGRE)
Source:
DateHeadline
finance.yahoo.com logoSee what the IHS Markit Score report has to say about Paramount Group Inc.
finance.yahoo.com - August 13 at 3:04 AM
finance.yahoo.com logoParamount 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
finance.yahoo.com logoEdited Transcript of PGRE earnings conference call or presentation 4-Aug-17 2:00pm GMT
finance.yahoo.com - August 5 at 6:12 AM
finance.yahoo.com logoParamount Announces Second Quarter 2017 Results
finance.yahoo.com - August 4 at 7:01 AM
americanbankingnews.com logoParamount Group (NYSE:PGRE) vs. Corporate Office Properties Trust (OFC) Head-To-Head Contrast
www.americanbankingnews.com - August 1 at 9:15 AM
americanbankingnews.com logo Brokerages Anticipate Paramount Group, Inc. (PGRE) Will Announce Quarterly Sales of $169.96 Million
www.americanbankingnews.com - July 29 at 7:27 AM
americanbankingnews.com logoZacks: Brokerages Anticipate Paramount Group, Inc. (NYSE:PGRE) Will Announce Earnings of $0.21 Per Share
www.americanbankingnews.com - July 27 at 6:34 PM
americanbankingnews.com logoSL Green Realty Corporation (SLG) and Paramount Group (PGRE) Head to Head Survey
www.americanbankingnews.com - July 21 at 12:06 PM
finance.yahoo.com logoParamount 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
finance.yahoo.com logoParamount Announces Release Date for Second Quarter 2017 Results
finance.yahoo.com - July 14 at 7:26 AM
americanbankingnews.com logo Brokerages Expect Paramount Group, Inc. (NYSE:PGRE) Will Post Quarterly Sales of $169.96 Million
www.americanbankingnews.com - July 5 at 11:48 AM
finance.yahoo.com logoParamount 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
americanbankingnews.com logo Brokerages Anticipate Paramount Group, Inc. (PGRE) Will Post Earnings of $0.21 Per Share
www.americanbankingnews.com - July 3 at 2:27 PM
americanbankingnews.com logoParamount Group's (PGRE) Sell Rating Reiterated at Goldman Sachs Group, Inc. (The)
www.americanbankingnews.com - June 22 at 1:38 PM
americanbankingnews.com logoParamount Group, Inc. (PGRE) Cut to "Underweight" at Morgan Stanley
www.americanbankingnews.com - June 18 at 3:02 PM
finance.yahoo.com logo[$$] Two NYC Office REITs That Won't Get Schmeared
finance.yahoo.com - June 14 at 11:34 PM
finance.yahoo.com logoParamount Completes $300 Million Refinancing of 712 Fifth Avenue
finance.yahoo.com - June 13 at 7:19 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Upgraded to "Hold" by BidaskClub
www.americanbankingnews.com - June 10 at 6:10 PM
americanbankingnews.com logo$169.96 Million in Sales Expected for Paramount Group Inc (PGRE) This Quarter
www.americanbankingnews.com - June 9 at 1:50 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Expected to Announce Earnings of $0.20 Per Share
www.americanbankingnews.com - June 7 at 12:20 PM
finance.yahoo.com logoParamount to Present at NAREIT’s REITWeek 2017
finance.yahoo.com - June 2 at 9:43 PM
marketbeat.com logoParamount Group reports 1Q results
marketbeat.com - May 4 at 7:38 PM
finance.yahoo.com logoParamount Announces First Quarter 2017 Results
finance.yahoo.com - May 4 at 7:23 PM
finance.yahoo.com logoParamount Completes Sale of Waterview
finance.yahoo.com - May 3 at 7:48 PM
americanbankingnews.com logoParamount Group Inc (PGRE) Short Interest Down 30.2% in April
www.americanbankingnews.com - May 2 at 7:12 AM
americanbankingnews.com logoParamount Group Inc (PGRE) Short Interest Up 60.0% in March
www.americanbankingnews.com - April 18 at 7:21 AM
finance.yahoo.com logoParamount Announces Release Date for First Quarter 2017 Results
finance.yahoo.com - April 13 at 7:01 PM
finance.yahoo.com logoEdited Transcript of PGRE earnings conference call or presentation 23-Feb-17 3:00pm GMT
finance.yahoo.com - March 13 at 6:55 PM
finance.yahoo.com logoParamount to Participate in Citi’s 2017 Global Property CEO Conference
finance.yahoo.com - March 3 at 7:16 PM
us.rd.yahoo.com logoParamount Announces Fourth Quarter 2016 Results
us.rd.yahoo.com - February 22 at 7:20 PM
finance.yahoo.com logoParamount Announces That Its Entire Portfolio Achieves Gold or Platinum LEED Certification
finance.yahoo.com - February 13 at 9:18 AM
bizjournals.com logoTop N.Y.C. commercial real estate deals: GIC and the New School top chart
www.bizjournals.com - February 6 at 7:19 PM
finance.yahoo.com logoParamount Announces Release Date for Fourth Quarter 2016 Results
finance.yahoo.com - February 2 at 8:11 PM
us.rd.yahoo.com logoParamount to Sell Waterview for $460 Million
us.rd.yahoo.com - February 1 at 9:23 PM
us.rd.yahoo.com logo8:06 am Paramount Group enters into an agreement to sell Waterview for $460 mln
us.rd.yahoo.com - February 1 at 9:23 PM
streetinsider.com logoParamount Group (PGRE), GIC Form Joint Venture and Acquire 60 Wall Street
www.streetinsider.com - January 24 at 8:00 PM
finance.yahoo.com logoGIC and Paramount Form Joint Venture and Acquire 60 Wall Street
finance.yahoo.com - January 24 at 7:59 PM
finance.yahoo.com logoParamount Completes $975 Million Refinancing of One Market Plaza
finance.yahoo.com - January 20 at 1:02 AM
finance.yahoo.com logoParamount Announces Tax Treatment of 2016 Common Stock Dividends
finance.yahoo.com - January 18 at 7:48 PM
finance.yahoo.com logoParamount Completes Acquisition of One Front Street
finance.yahoo.com - December 5 at 7:09 PM
biz.yahoo.com logoQ3 2016 Paramount Group Inc Earnings Release - After Market Close
biz.yahoo.com - November 2 at 10:22 AM
businesswire.com logoParamount Completes $850 Million Financing of 1301 Avenue of the Americas
www.businesswire.com - October 11 at 7:02 PM
nasdaq.com logoEx-Dividend Reminder: Tier REIT, Paramount Group and Apollo Commercial Real Estate Finance
www.nasdaq.com - September 26 at 6:49 PM
barrons.com logo[$$] When Will the Fed Smack Down REITs?
www.barrons.com - September 26 at 6:49 PM
finance.yahoo.com logoParamount to Participate in the Evercore ISI Annual Real Estate Conference
finance.yahoo.com - September 6 at 6:53 PM
biz.yahoo.com logoPARAMOUNT 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
cnbc.com logoParamount Group reports 2Q results
www.cnbc.com - August 5 at 9:52 AM
biz.yahoo.com logoQ2 2016 Paramount Group Inc Earnings Release - After Market Close
biz.yahoo.com - August 4 at 10:00 AM
nasdaq.com logoAnalysts Expect 10% Gains Ahead For The Holdings of EQWM
www.nasdaq.com - June 21 at 11:11 AM
biz.yahoo.com logoPARAMOUNT 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

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Chart

Paramount Group (PGRE) Chart for Tuesday, August, 22, 2017

This page was last updated on 8/22/2017 by MarketBeat.com Staff