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S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
S&P 500   3,852.36
DOW   32,920.46
QQQ   311.72
Retirement Plans in 2023: Choosing the Right Account
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Mullen Automotive Stock Gains Momentum On Positive News
Apple’s Earnings, Expectations and Surprises
Cash Holders STILL Aren't Taking Steps to Prepare (Ad)
Cathie Woods' Ark Innovation ETF Set To Rebound in 2023?
The Bottom Is In For Meta Platforms, Volatility Is Not Over
Know Your Profit Potential BEFORE You Trade! (Ad)pixel
Exxon Mobil Could Gush To New Highs Very Soon 
Closing prices for crude oil, gold and other commodities
NYSE:PGRE

Paramount Group - PGRE Stock Forecast, Price & News

$6.59
+0.15 (+2.33%)
(As of 02/2/2023 12:00 AM ET)
Add
Compare
Today's Range
$6.53
$6.74
50-Day Range
$5.57
$6.59
52-Week Range
$5.48
$11.53
Volume
3.28 million shs
Average Volume
1.10 million shs
Market Capitalization
$1.45 billion
P/E Ratio
329.66
Dividend Yield
4.81%
Price Target
$6.60

Paramount Group MarketRank™ Forecast

Analyst Rating
Hold
1.83 Rating Score
Upside/​Downside
0.2% Upside
$6.60 Price Target
Short Interest
Healthy
3.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.57
Upright™ Environmental Score
News Sentiment
1.02mentions of Paramount Group in the last 14 days
Based on 4 Articles This Week
Insider Trading
Acquiring Shares
$344,200 Bought Last Quarter
Proj. Earnings Growth
-6.12%
From $0.98 to $0.92 Per Share

Overall MarketRank

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

2.11 out of 5 stars

Finance Sector

538th out of 879 stocks

Real Estate Investment Trusts Industry

114th out of 190 stocks

PGRE stock logo

About Paramount Group (NYSE:PGRE) Stock

Paramount Group, Inc. is a real estate investment and management company. It owns, operates, manages, acquires and redevelops office properties in central business district submarkets of New York, District of Columbia and San Francisco. The company operates through the following geographical segments: New York, San Francisco and Washington. Paramount Group was founded by Werner Otto in 1978 and is headquartered in New York, NY.

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PGRE Stock News Headlines

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Paramount misses revenue estimates on ad weakness
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PGRE Company Calendar

Last Earnings
4/27/2022
Ex-Dividend for 1/13 Dividend
12/29/2022
Dividend Payable
1/13/2023
Today
2/02/2023
Next Earnings (Confirmed)
2/15/2023
Fiscal Year End
12/31/2023

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
$6.60
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$5.00
Forecasted Upside/Downside
+0.2%
Consensus Rating
Hold
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$-20,350,000.00
Pretax Margin
2.67%

Debt

Sales & Book Value

Annual Sales
$726.79 million
Cash Flow
$1.02 per share
Book Value
$20.34 per share

Miscellaneous

Free Float
196,962,000
Market Cap
$1.45 billion
Optionable
Optionable
Beta
1.18

Key Executives

  • Albert P. Behler
    Chairman, President & Chief Executive Officer
  • Wilbur N. Paes
    Treasurer, Chief Operating & Financial Officer
  • Todd Januzzi
    Chief Information & Technology Officer
  • Peter R.C. Brindley
    Executive Vice President & Head-Real Estate
  • Gage R. Johnson
    Secretary, Senior VP & General Counsel













PGRE Stock - Frequently Asked Questions

Should I buy or sell Paramount Group stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 2 sell ratings, 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 2023?

6 Wall Street research analysts have issued 1 year target prices for Paramount Group's stock. Their PGRE share price forecasts range from $5.00 to $8.00. On average, they anticipate the company's stock price to reach $6.60 in the next year. This suggests that the stock has a possible downside of 1.5%.
View analysts price targets for PGRE
or view top-rated stocks among Wall Street analysts.

How have PGRE shares performed in 2023?

Paramount Group's stock was trading at $5.94 at the beginning of 2023. Since then, PGRE stock has increased by 12.8% and is now trading at $6.70.
View the best growth stocks for 2023 here
.

When is Paramount Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 15th 2023.
View our PGRE earnings forecast
.

How can I listen to Paramount Group's earnings call?

Paramount Group will be holding an earnings conference call on Thursday, February 16th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13735166".

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 net margin of 0.37% and a trailing twelve-month return on equity of 0.06%. 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 Thursday, December 15th. Stockholders of record on Friday, December 30th will be given a dividend of $0.078 per share on Friday, January 13th. This represents a $0.31 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Thursday, December 29th.
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 4.81%. 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 33.70% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for PGRE.

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 initial public offering 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 many different institutional and retail investors. Top institutional investors include Presima Securities ULC (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.09%), Strs Ohio (0.08%), Allspring Global Investments Holdings LLC (0.08%), Zurcher Kantonalbank Zurich Cantonalbank (0.03%) and Cornerstone Investment Partners LLC (0.01%). Insiders that own company stock include Albert P Behler and Thomas Armbrust.
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 $6.70.

How much money does Paramount Group make?

Paramount Group (NYSE:PGRE) has a market capitalization of $1.47 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 2/3/2023 by MarketBeat.com Staff