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NYSE:PGRE

Paramount Group - PGRE Stock Forecast, Price & News

$7.65
-0.22 (-2.80%)
(As of 08/17/2022 05:07 PM ET)
Add
Compare
Today's Range
$7.65
$7.79
50-Day Range
$6.96
$8.55
52-Week Range
$6.76
$11.53
Volume
691,580 shs
Average Volume
1.92 million shs
Market Capitalization
$1.72 billion
P/E Ratio
382.69
Dividend Yield
3.94%
Price Target
$8.75

Paramount Group MarketRank™ Forecast

Analyst Rating
Hold
2.25 Rating Score
Upside/​Downside
14.4% Upside
$8.75 Price Target
Short Interest
Healthy
3.18% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.26mentions of Paramount Group in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.16%
From $0.95 to $0.98 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Finance Sector

582nd out of 932 stocks

Real Estate Investment Trusts Industry

111th out of 197 stocks

PGRE stock logo

About Paramount Group (NYSE:PGRE) Stock

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 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.

Analyst Ratings Changes

Several brokerages have recently commented on PGRE. Morgan Stanley lowered their price objective on Paramount Group from $14.00 to $10.00 and set an "overweight" rating for the company in a research note on Tuesday, July 19th. Wells Fargo & Company reduced their target price on Paramount Group from $10.00 to $6.00 and set an "underweight" rating for the company in a report on Friday, July 1st. TheStreet lowered Paramount Group from a "c" rating to a "d+" rating in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft reduced their target price on Paramount Group from $12.00 to $10.00 in a report on Wednesday, July 20th. Finally, Mizuho reduced their target price on Paramount Group from $11.00 to $9.00 and set a "buy" rating for the company in a report on Wednesday, July 6th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.75.

Paramount Group Price Performance

Shares of NYSE:PGRE opened at $7.87 on Wednesday. The stock has a fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $9.00. Paramount Group has a 1-year low of $6.76 and a 1-year high of $11.53. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 393.70 and a beta of 1.18. The company has a current ratio of 5.07, a quick ratio of 5.07 and a debt-to-equity ratio of 0.86.

Paramount Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.078 per share. This represents a $0.31 annualized dividend and a yield of 3.96%. This is a positive change from Paramount Group's previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, June 29th. Paramount Group's dividend payout ratio is 1,550.78%.

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PGRE Stock News Headlines

Paramount Announces Second Quarter 2022 Results
Paramount Group Inc - Stock News
Paramount declares $0.0775 dividend
Paramount Group Tops Q1 EPS by 1c
Paramount Announces First Quarter 2022 Results
See More Headlines
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PGRE Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 7/15 Dividend
6/29/2022
Dividend Payable
7/15/2022
Today
8/17/2022
Next Earnings (Estimated)
10/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Previous Symbol
NASDAQ:PGRE
Fax
N/A
Employees
318
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.75
High Stock Price Forecast
$10.00
Low Stock Price Forecast
$6.00
Forecasted Upside/Downside
+14.4%
Consensus Rating
Hold
Rating Score (0-4)
2.25
Research Coverage
4 Analysts

Profitability

Net Income
$-20,350,000.00
Pretax Margin
3.20%

Debt

Sales & Book Value

Annual Sales
$726.79 million
Cash Flow
$0.98 per share
Book Value
$19.75 per share

Miscellaneous

Free Float
201,918,000
Market Cap
$1.72 billion
Optionable
Optionable
Beta
1.18

Key Executives

  • Mr. Albert P. Behler (Age 70)
    Chairman, CEO & Pres
    Comp: $3.5M
  • Mr. Wilbur Paes CPA (Age 45)
    COO, CFO & Treasurer
    Comp: $2.06M
  • Mr. Gage Johnson (Age 60)
    Sr. VP, Gen. Counsel & Sec.
    Comp: $836.87k
  • Mr. Peter R.C. Brindley (Age 45)
    Exec. VP & Head of Real Estate
    Comp: $1.74M
  • Ms. Ermelinda Berberi (Age 41)
    Sr. VP & Chief Accounting Officer
  • Sumit Sharma
    VP of Investor Relations & Bus. Devel.
  • Mr. Vito Messina (Age 59)
    Sr. VP of Asset Management
  • Mr. David S. Eaton
    Sr. VP of Leasing













PGRE Stock - Frequently Asked Questions

Should I buy or sell Paramount Group stock right now?

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PGRE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PGRE, but not buy additional shares or sell existing shares.
View PGRE analyst ratings
or view top-rated stocks.

What is Paramount Group's stock price forecast for 2022?

4 brokers have issued 12-month target prices for Paramount Group's shares. Their PGRE share price forecasts range from $6.00 to $10.00. On average, they expect the company's stock price to reach $8.75 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
View analysts price targets for PGRE
or view top-rated stocks among Wall Street analysts.

How have PGRE shares performed in 2022?

Paramount Group's stock was trading at $8.34 at the beginning of 2022. Since then, PGRE shares have decreased by 5.6% and is now trading at $7.87.
View the best growth stocks for 2022 here
.

When is Paramount Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 26th 2022.
View our PGRE earnings forecast
.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) issued its earnings results on Wednesday, April, 27th. The financial services provider reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by $0.21. Paramount Group had a trailing twelve-month return on equity of 0.05% and a net margin of 0.30%. During the same period in the prior year, the company earned $0.23 EPS.

How often does Paramount Group pay dividends? What is the dividend yield for Paramount Group?

Paramount Group declared a quarterly dividend on Wednesday, June 15th. Shareholders of record on Thursday, June 30th will be paid a dividend of $0.078 per share on Friday, July 15th. This represents a $0.31 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, June 29th. This is a boost from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for PGRE
.

Is Paramount Group a good dividend stock?

Paramount Group (NYSE:PGRE) pays an annual dividend of $0.31 per share and currently has a dividend yield of 3.98%. PGRE has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 1,550.78%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, PGRE will have a dividend payout ratio of 31.63% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGRE.

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

Paramount Group issued an update on its FY 2022 earnings guidance on Tuesday, August, 2nd. The company provided EPS guidance of $0.95-$0.99 for the period. The company issued revenue guidance of -.

What is Albert P Behler's approval rating as Paramount Group's CEO?

5 employees have rated Paramount Group Chief Executive Officer Albert P Behler on Glassdoor.com. Albert P Behler has an approval rating of 55% among the company's employees. This puts Albert P Behler in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Paramount Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Group investors own include Advanced Micro Devices (AMD), Simon Property Group (SPG), American Homes 4 Rent (AMH), Bed Bath & Beyond (BBBY), Cisco Systems (CSCO), Ford Motor (F), Freeport-McMoRan (FCX), Kimco Realty (KIM) and Kinder Morgan (KMI).

When did Paramount Group IPO?

(PGRE) raised $2.3 billion in an IPO on Wednesday, November 19th 2014. The company issued 131,000,000 shares at a price of $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.

What is Paramount Group's stock symbol?

Paramount Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGRE."

Who are Paramount Group's major shareholders?

Paramount Group's stock is owned by a number of institutional and retail investors. Top institutional investors include State Street Corp (4.23%), JPMorgan Chase & Co. (1.31%), Northern Trust Corp (1.10%), Deutsche Bank AG (0.65%), Millennium Management LLC (0.64%) and Presima Inc. (0.55%). Insiders that own company stock include Albert P Behler, Alexander Otto and Katharina Otto-Bernstein.
View institutional ownership trends
.

How do I buy shares of Paramount Group?

Shares of PGRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Paramount Group's stock price today?

One share of PGRE stock can currently be purchased for approximately $7.87.

How much money does Paramount Group make?

Paramount Group (NYSE:PGRE) has a market capitalization of $1.77 billion and generates $726.79 million in revenue each year. The financial services provider earns $-20,350,000.00 in net income (profit) each year or $0.02 on an earnings per share basis.

How many employees does Paramount Group have?

The company employs 318 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 official website for the company is www.paramount-group.com. The financial services provider can be reached via phone at (212) 237-3100 or via email at ir@paramount-group.com.

This page (NYSE:PGRE) was last updated on 8/17/2022 by MarketBeat.com Staff

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