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About Paramount Group (NYSE:PGRE)
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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:PGRE
CUSIPN/A
Phone212-237-3100
Debt
Debt-to-Equity RatioN/A
Current Ratio0.08
Quick Ratio0.08
Price-To-Earnings
Trailing P/E Ratio16.44
Forward P/E Ratio15.65
P/E Growth3.6
Sales & Book Value
Annual Sales$718.97 million
Price / Sales4.97
Cash Flow$1.4607 per share
Price / Cash10.18
Book Value$21.01 per share
Price / Book0.71
Profitability
EPS (Most Recent Fiscal Year)$0.89
Net Income$86.38 million
Net Margins12.07%
Return on Equity1.74%
Return on Assets0.99%
Miscellaneous
Employees327
Outstanding Shares240,500,000
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 declared a quarterly dividend on Friday, March 16th. Investors of record on Thursday, March 29th will be paid a dividend of $0.10 per share on Friday, April 13th. This represents a $0.40 annualized dividend and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, March 28th. This is a boost from Paramount Group's previous quarterly dividend of $0.10. View Paramount Group's Dividend History.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NYSE:PGRE) issued its quarterly earnings results on Wednesday, May, 2nd. The financial services provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.00. The financial services provider earned $184.27 million during the quarter, compared to analyst estimates of $180.88 million. Paramount Group had a return on equity of 1.74% and a net margin of 12.07%. Paramount Group's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.22 EPS. View Paramount Group's Earnings History.
When is Paramount Group's next earnings date?
What price target have analysts set for PGRE?
3 equities research analysts have issued 12-month price targets for Paramount Group's shares. Their forecasts range from $14.00 to $16.00. On average, they expect Paramount Group's stock price to reach $15.00 in the next twelve months. View Analyst Ratings for Paramount Group.
Who are some of Paramount Group's key competitors?
Some companies that are related to Paramount Group include Gecina (GECFF), Alexandria Real Estate Equities (ARE), Vornado Realty Trust (VNO), Klépierre (KLPEF), Annaly Capital Management (NLY), Extra Space Storage (EXR), Sino Land (SNLAY), HCP (HCP), Mid-America Apartment Communities (MAA), Duke Realty (DRE), Regency Centers (REG), United Dominion Realty Trust (UDR), Iron Mountain (IRM), Federal Realty Investment Trust (FRT) and SL Green Realty (SLG).
Who are Paramount Group's key executives?
Paramount Group's management team includes the folowing people:
- Mr. Albert P. Behler, Chairman, CEO & Pres (Age 66)
- Mr. Wilbur Paes CPA, Exec. VP, CFO, Treasurer & Principal Accounting Officer (Age 41)
- Ms. Jolanta K. Bott, Exec. VP of Operations & HR (Age 66)
- Mr. Daniel A. Lauer, Chief Investment Officer & Exec. VP (Age 56)
- Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 41)
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 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.
Has Paramount Group been receiving favorable news coverage?
News coverage about PGRE stock has trended somewhat negative this week, Accern Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Paramount Group earned a daily sentiment score of -0.01 on Accern's scale. They also gave headlines about the financial services provider an impact score of 47.16 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
Who are Paramount Group's major shareholders?
Paramount Group's stock is owned by a variety of of retail and institutional investors. Top institutional investors include Long Pond Capital LP (6.36%), BlackRock Inc. (6.29%), Duff & Phelps Investment Management Co. (1.35%), Dimensional Fund Advisors LP (1.27%), Schwab Charles Investment Management Inc. (1.06%) and Nuveen Asset Management LLC (0.98%). 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 Sei Investments Co., Citigroup Inc., Eagle Asset Management Inc., Duff & Phelps Investment Management Co., Russell Investments Group Ltd., Forward Management LLC, Teacher Retirement System of Texas and Cubist Systematic Strategies LLC. View Insider Buying and Selling for Paramount Group.
Which major investors are buying Paramount Group stock?
PGRE stock was acquired by a variety of institutional investors in the last quarter, including Zimmer Partners LP, JPMorgan Chase & Co., Citadel Advisors LLC, Nuveen Asset Management LLC, Long Pond Capital LP, BlackRock Inc., Schwab Charles Investment Management Inc. and Legal & General Group Plc. 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 $14.87.
How big of a company is Paramount Group?
Paramount Group has a market capitalization of $3.51 billion and generates $718.97 million in revenue each year. The financial services provider earns $86.38 million in net income (profit) each year or $0.89 on an earnings per share basis. Paramount Group employs 327 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 financial services provider can be reached via phone at 212-237-3100 or via email at [email protected]
MarketBeat Community Rating for Paramount Group (PGRE)
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.
Paramount Group (NYSE:PGRE) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Paramount Group in the last 12 months. Their average twelve-month price target is $15.00, suggesting that the stock has a possible upside of 0.87%. The high price target for PGRE is $16.00 and the low price target for PGRE is $14.00. There are currently 1 sell rating and 2 hold ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Sell | Hold | Hold |
| Consensus Rating Score: | 1.67 | 1.33 | 2.00 | 2.00 |
| Ratings Breakdown: | 1 Sell Rating(s)
2 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s) | 2 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 3 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $15.00 | $15.00 | $16.25 | $16.10 |
| Price Target Upside: | 0.87% upside | 4.53% upside | 14.52% upside | 3.47% upside |
Paramount Group (NYSE:PGRE) Consensus Price Target History
Paramount Group (NYSE:PGRE) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Paramount Group (NYSE:PGRE) Dividend Information
Paramount Group pays an annual dividend of $0.40 per share, with a dividend yield of 2.69%. PGRE's most recent quarterly dividend payment was Friday, April 13. Paramount Group pays out 44.94% of its earnings out as a dividend.
| Most Recent Dividend: | 4/13/2018 |
| Annual Dividend: | $0.40 |
| Dividend Yield: | 2.69% |
| Dividend Growth: | 0.00% (3 Year Average) |
| Payout Ratio(s): | 44.94% (Trailing 12 Months of Earnings)
42.11% (Based on This Year's Estimates)
39.60% (Based on Next Year's Estimates)
27.38% (Based on Cash Flow)
|
| Frequency: | Quarterly Dividend |
Paramount Group (NYSE:PGRE) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/16/2018 | quarterly | $0.10 | 2.73% | 3/28/2018 | 3/29/2018 | 4/13/2018 |
| 12/15/2017 | Quarterly | $0.0950 | 2.37% | 12/28/2017 | 12/29/2017 | 1/12/2018 |
| 9/15/2017 | Quarterly | $0.0950 | | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 9/15/2017 | quarterly | $0.0950 | 2.37% | 9/28/2017 | 9/29/2017 | 10/13/2017 |
| 6/16/2017 | quarterly | $0.0950 | 2.32% | 6/28/2017 | 6/30/2017 | 7/14/2017 |
| 3/16/2017 | quarterly | $0.0950 | 2.29% | 3/29/2017 | 3/31/2017 | 4/14/2017 |
| 12/16/2016 | quarterly | $0.0950 | 2.36% | 12/28/2016 | 12/30/2016 | 1/13/2017 |
| 9/16/2016 | quarterly | $0.0950 | 2.29% | 9/28/2016 | 9/30/2016 | 10/14/2016 |
| 6/16/2016 | quarterly | $0.0950 | 2.39% | 6/28/2016 | 6/30/2016 | 7/15/2016 |
| 3/16/2016 | quarterly | $0.0950 | 2.37% | 3/29/2016 | 3/31/2016 | 4/15/2016 |
| 12/16/2015 | quarterly | $0.0950 | 2.12% | 12/29/2015 | 12/31/2015 | 1/15/2016 |
| 9/15/2015 | quarterly | $0.0950 | 2.31% | 9/28/2015 | 9/30/2015 | 10/15/2015 |
| 5/26/2015 | quarterly | $0.0950 | 2.01% | 6/26/2015 | 6/30/2015 | 7/15/2015 |
| 3/2/2015 | quarterly | $0.0950 | 2.06% | 3/10/2015 | 3/12/2015 | 3/30/2015 |
| 3/2/2015 | special | $0.0390 | | 3/9/2015 | 3/11/2015 | 3/27/2015 |
(Data available from 1/1/2013 forward)
Paramount Group (NYSE PGRE) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 7.90%
Institutional Ownership Percentage: 63.36%
Paramount Group (NYSE PGRE) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/1/2016 | Katharina Otto-Bernstein | Director | Buy | 100,000 | $15.59 | $1,559,000.00 | 12,131,489 |  |
| 11/29/2016 | Katharina Otto-Bernstein | Director | Buy | 100,000 | $15.69 | $1,569,000.00 | 12,020,175 | |
| 11/22/2016 | Katharina Otto-Bernstein | Director | Buy | 100,000 | $15.74 | $1,574,000.00 | 11,931,489 | |
| 3/10/2016 | David P Oconnor | Director | Buy | 32,000 | $15.23 | $487,360.00 | 46,285 | |
| 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)
Paramount Group (NYSE PGRE) News Headlines
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Paramount Group (NYSE:PGRE) SEC Filings
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Paramount Group (NYSE:PGRE) Income Statement, Balance Sheet and Cash Flow Statement
Paramount Group (NYSE PGRE) Stock Chart for Wednesday, May, 23, 2018
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