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NYSE:PGREParamount Group Stock Price, Forecast & News

$8.45
+0.31 (+3.81 %)
(As of 05/27/2020 04:00 PM ET)
Add
Compare
Today's Range
$8.15
Now: $8.45
$8.52
50-Day Range
$7.33
MA: $8.57
$10.01
52-Week Range
$6.42
Now: $8.45
$15.11
Volume1.85 million shs
Average Volume2.13 million shs
Market Capitalization$1.87 billion
P/E RatioN/A
Dividend Yield4.91%
Beta1.12
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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Paramount Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.00 out of 5 stars


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$769.18 million
Cash Flow$1.10 per share
Book Value$20.33 per share

Profitability

Net Income$-36,900,000.00

Miscellaneous

Employees321
Market Cap$1.87 billion
Next Earnings Date7/29/2020 (Estimated)
OptionableOptionable

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Paramount Group (NYSE:PGRE) Frequently Asked Questions

How has Paramount Group's stock been impacted by COVID-19 (Coronavirus)?

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PGRE shares have decreased by 16.3% and is now trading at $8.45. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Paramount Group?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Paramount Group.

When is Paramount Group's next earnings date?

Paramount Group is scheduled to release its next quarterly earnings announcement on Wednesday, July 29th 2020. View our earnings forecast for Paramount Group.

How were Paramount Group's earnings last quarter?

Paramount Group Inc (NYSE:PGRE) released its quarterly earnings data on Wednesday, April, 29th. The financial services provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.25 by $0.24. The financial services provider earned $184 million during the quarter, compared to the consensus estimate of $190.53 million. Paramount Group had a negative net margin of 4.54% and a negative return on equity of 0.77%. The business's revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. View Paramount Group's earnings history.

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

Paramount Group declared a quarterly dividend on Friday, March 13th. Investors of record on Tuesday, March 31st will be paid a dividend of $0.10 per share on Wednesday, April 15th. This represents a $0.40 annualized dividend and a dividend yield of 4.73%. The ex-dividend date of this dividend is Monday, March 30th. View Paramount Group's dividend history.

What price target have analysts set for PGRE?

4 brokerages have issued 1-year target prices for Paramount Group's stock. Their forecasts range from $9.00 to $17.00. On average, they expect Paramount Group's share price to reach $13.80 in the next year. This suggests a possible upside of 63.3% from the stock's current price. View analysts' price targets for Paramount Group.

Has Paramount Group been receiving favorable news coverage?

Media stories about PGRE stock have been trending somewhat negative on Wednesday, InfoTrie Sentiment reports. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Paramount Group earned a news sentiment score of -1.7 on InfoTrie's scale. They also gave headlines about the financial services provider a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutParamount Group.

Are investors shorting Paramount Group?

Paramount Group saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 4,950,000 shares, an increase of 31.0% from the April 15th total of 3,780,000 shares. Based on an average daily trading volume, of 2,420,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.6% of the company's stock are sold short. View Paramount Group's Current Options Chain.

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 following people:
  • Mr. Albert P. Behler, Chairman, CEO & Pres (Age 67)
  • Mr. Wilbur Paes CPA, Exec. VP, CFO & Treasurer (Age 42)
  • Mr. Gage Johnson, Sr. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 42)
  • Mr. David Zobel, Exec. VP & Head of Acquisitions (Age 33)

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 retail and institutional investors. Top institutional investors include BlackRock Inc. (5.96%), State Street Corp (3.27%), Morgan Stanley (2.54%), Morgan Stanley (2.54%), Owl Creek Asset Management L.P. (2.27%) and Presima Inc. (1.69%). Company insiders that own Paramount Group stock include Alexander Otto and Katharina Otto-Bernstein. 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 Two Sigma Investments LP, Nuveen Asset Management LLC, Russell Investments Group Ltd., BlackRock Inc., Cipher Capital LP, JPMorgan Chase & Co., Colony Capital Inc., and Parametric Portfolio Associates LLC. View insider buying and selling activity 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 AJO LP, Owl Creek Asset Management L.P., Morgan Stanley, Morgan Stanley, State Street Corp, Legal & General Group Plc, Virginia Retirement Systems ET AL, and MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH. View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Paramount Group's stock price today?

One share of PGRE stock can currently be purchased for approximately $8.45.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $1.87 billion and generates $769.18 million in revenue each year. The financial services provider earns $-36,900,000.00 in net income (profit) each year or $0.98 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 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]

This page was last updated on 5/27/2020 by MarketBeat.com Staff

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