NYSE:PGRE - Paramount Group Stock Price, News, & Analysis

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$14.70 +0.09 (+0.62 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$14.61
Today's Range$14.61 - $14.75
52-Week Range$12.18 - $16.05
Volume603,469 shs
Average Volume1.13 million shs
Market Capitalization$3.43 billion
P/E Ratio15.31
Dividend Yield2.74%
Beta0.88
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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:PGRE
CUSIPN/A
Phone212-237-3100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$758.96 million
Cash Flow$1.1145 per share
Book Value$20.98 per share

Profitability

Net Income$9.14 million

Miscellaneous

Employees321
Market Cap$3.43 billion
Next Earnings Date5/1/2019 (Estimated)
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. Shareholders of record on Monday, December 31st will be given a dividend of $0.10 per share on Tuesday, January 15th. This represents a $0.40 annualized dividend and a yield of 2.72%. 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) released its quarterly earnings results on Wednesday, February, 13th. The financial services provider reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.23 by $0.21. The financial services provider earned $190.68 million during the quarter, compared to analysts' expectations 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 prior year, the firm posted $0.22 EPS. View Paramount Group's Earnings History.

When is Paramount Group's next earnings date?

Paramount Group is scheduled to release their next quarterly earnings announcement on Wednesday, May 1st 2019. View Earnings Estimates for Paramount Group.

What guidance has Paramount Group issued on next quarter's earnings?

Paramount Group updated its FY19 earnings guidance on Wednesday, February, 13th. The company provided EPS 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 analysts have issued 1-year target prices for Paramount Group's stock. Their predictions range from $14.00 to $21.00. On average, they anticipate Paramount Group's stock price to reach $16.50 in the next year. This suggests a possible upside of 12.2% 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?

Headlines about PGRE stock have trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie rates the sentiment of media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Paramount Group earned a news sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the financial services provider a news buzz of 4.0 out of 10, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Who are some of Paramount Group's key competitors?

What other stocks do shareholders of Paramount Group own?

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 (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 variety of of institutional and retail investors. Top institutional investors 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 major 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 major investors are buying Paramount Group stock?

PGRE stock was bought 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 $14.70.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $3.43 billion and generates $758.96 million in revenue each year. The financial services provider earns $9.14 million in net income (profit) each year or $0.96 on an earnings per share basis. Paramount Group employs 321 workers across the globe.

What is Paramount Group's official website?

The official website for Paramount Group is http://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]


MarketBeat Community Rating for Paramount Group (NYSE PGRE)

Community Ranking:  2.2 out of 5 (star star)
Outperform Votes:  169 (Vote Outperform)
Underperform Votes:  221 (Vote Underperform)
Total Votes:  390
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.
This page was last updated on 2/22/2019 by MarketBeat.com Staff

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