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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:PGRE
Previous SymbolNASDAQ:PGRE
CUSIPN/A
Phone212-237-3100
Debt
Debt-to-Equity Ratio0.71
Current Ratio4.57
Quick Ratio4.57
Price-To-Earnings
Trailing P/E Ratio16.00
Forward P/E Ratio15.15
P/E Growth5.23
Sales & Book Value
Annual Sales$718.97 million
Price / Sales4.70
Cash Flow$1.4016 per share
Price / Cash10.16
Book Value$21.20 per share
Price / Book0.67
Profitability
EPS (Most Recent Fiscal Year)$0.89
Net Income$86.38 million
Net Margins-0.40%
Return on Equity-0.06%
Return on Assets-0.03%
Miscellaneous
Employees327
Outstanding Shares237,250,000
Market Cap$3.45 billion
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 Monday, September 17th. Investors of record on Friday, September 28th will be paid a dividend of $0.10 per share on Monday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Thursday, September 27th. View Paramount Group's Dividend History.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NYSE:PGRE) posted its earnings results on Monday, November, 5th. The financial services provider reported $0.24 EPS for the quarter, missing the consensus estimate of $0.25 by $0.01. The financial services provider earned $192.60 million during the quarter, compared to the consensus estimate of $191.24 million. Paramount Group had a negative return on equity of 0.06% and a negative net margin of 0.40%. The business's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period last year, the company earned $0.22 EPS. View Paramount Group's Earnings History.
When is Paramount Group's next earnings date?
What guidance has Paramount Group issued on next quarter's earnings?
Paramount Group issued an update on its FY18 earnings guidance on Monday, November, 5th. The company provided EPS guidance of $0.93-0.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.94.
What price target have analysts set for PGRE?
4 Wall Street analysts have issued 1-year price objectives for Paramount Group's shares. Their forecasts range from $14.00 to $21.00. On average, they expect Paramount Group's share price to reach $16.3750 in the next twelve months. This suggests a possible upside of 15.0% from the stock's current price. View Analyst Price Targets for Paramount Group.
What is the consensus analysts' recommendation for Paramount Group?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 1 sell rating, 2 hold ratings 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?
News coverage about PGRE stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Paramount Group earned a coverage optimism score of -1.5 on InfoTrie's scale. They also gave news stories about the financial services provider a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the stock's share price in the near term.
Who are some of Paramount Group's key competitors?
Some companies that are related to Paramount Group include HCP (HCP), Vornado Realty Trust (VNO), Alexandria Real Estate Equities (ARE), ANNALY CAP MGMT/SH (NLY), Extra Space Storage (EXR), Mid-America Apartment Communities (MAA), Gecina (GECFF), UDR (UDR), Regency Centers (REG), Klepierre (KLPEF), WP Carey (WPC), SINO Ld Ltd/S (SNLAY), Duke Realty (DRE), Federal Realty Investment Trust (FRT) and Iron Mountain (IRM).
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)
- Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 41)
- Mr. Christopher Brandt, VP, Investor Relations
- Mr. Gage Johnson, Sr. VP, Gen. Counsel & Sec. (Age 56)
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 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.00%), PGGM Investments (1.97%), Man Group plc (1.63%), Credit Suisse AG (1.53%), Dimensional Fund Advisors LP (1.34%) and Duff & Phelps Investment Management Co. (1.24%). 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 Zimmer Partners LP, PGGM Investments, JPMorgan Chase & Co., JPMorgan Chase & Co., AXA, First Trust Advisors LP, Capital Fund Management S.A. and FMR LLC. 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 Man Group plc, BlackRock Inc., Renaissance Technologies LLC, Russell Investments Group Ltd., Crestline Management LP, Citadel Advisors LLC, Thrivent Financial for Lutherans and Martingale Asset Management L P. 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 $14.24.
How big of a company is Paramount Group?
Paramount Group has a market capitalization of $3.45 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.
What is Paramount Group's official website?
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)
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.
