Paramount Group Stock Forecast, Price & News

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 3 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Paramount Group stock. 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.
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Paramount Group saw a increase in short interest in the month of June. As of June 30th, there was short interest totaling 6,480,000 shares, an increase of 23.4% from the June 15th total of 5,250,000 shares. Based on an average daily volume of 2,040,000 shares, the days-to-cover ratio is currently 3.2 days. Currently, 3.5% of the company's stock are short sold.
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Paramount Group is scheduled to release its next quarterly earnings announcement on Wednesday, October 27th 2021.
View our earnings forecast for Paramount Group.

Paramount Group, Inc. (NYSE:PGRE) issued its earnings results on Tuesday, July, 27th. The financial services provider reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of $0.20 by $0.27. The financial services provider had revenue of $182.27 million for the quarter, compared to analyst estimates of $178.74 million. Paramount Group had a negative trailing twelve-month return on equity of 0.72% and a negative net margin of 5.72%. The business's revenue for the quarter was up 6.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.23 earnings per share.
View Paramount Group's earnings history.

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, PGRE shares have decreased by 4.1% and is now trading at $9.69.
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Paramount Group announced a quarterly dividend on Tuesday, June 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.07 per share on Thursday, July 15th. This represents a $0.28 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date is Tuesday, June 29th.
View Paramount Group's dividend history.

Paramount Group pays an annual dividend of $0.28 per share and currently has a dividend yield of 2.87%. Paramount Group does not yet have a strong track record of dividend growth. The dividend payout ratio of Paramount Group is 29.17%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Paramount Group will have a dividend payout ratio of 30.43% next year. This indicates that Paramount Group will be able to sustain or increase its dividend.
View Paramount Group's dividend history.

Paramount Group issued an update on its FY21 earnings guidance on Tuesday, July, 27th. The company provided earnings per share guidance of $0.86-0.90 for the period, compared to the Thomson Reuters consensus estimate of $0.85.

6 analysts have issued 12 month target prices for Paramount Group's shares. Their forecasts range from $7.25 to $12.00. On average, they expect Paramount Group's stock price to reach $10.38 in the next twelve months. This suggests a possible upside of 7.1% from the stock's current price.
View analysts' price targets for Paramount Group or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to Paramount Group include Rexford Industrial Realty (REXR), AGNC Investment (AGNC), Vornado Realty Trust (VNO), Apartment Income REIT (AIRC), Kilroy Realty (KRC), Starwood Property Trust (STWD), EastGroup Properties (EGP), First Industrial Realty Trust (FR), Klépierre (KLPEF), American Campus Communities (ACC), Brixmor Property Group (BRX), STAG Industrial (STAG), Healthcare Trust of America (HTA), CoreSite Realty (COR) and Cousins Properties (CUZ).
View all of PGRE's competitors.

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), (HST), Kimco Realty (KIM) and Kinder Morgan (KMI).

(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.

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

Paramount Group's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Presima Inc. (1.14%), Alliancebernstein L.P. (0.14%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Zurcher Kantonalbank Zurich Cantonalbank (0.05%), State of Alaska Department of Revenue (0.04%) and Sumitomo Mitsui DS Asset Management Company Ltd (0.01%). Company insiders that own Paramount Group stock include Albert P Behler, Alexander Otto and Katharina Otto-Bernstein.
View institutional ownership trends for Paramount Group.

PGRE stock was sold by a variety of institutional investors in the last quarter, including Presima Inc., and Sumitomo Mitsui Trust Holdings Inc..
View insider buying and selling activity for Paramount Group or view top insider-selling stocks.

PGRE stock was bought by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Zurcher Kantonalbank Zurich Cantonalbank , State of Alaska Department of Revenue, and Sumitomo Mitsui DS Asset Management Company Ltd. Company insiders that have bought Paramount Group stock in the last two years include Albert P Behler, and Katharina Otto-Bernstein.
View insider buying and selling activity for Paramount Group or or view top insider-buying stocks.

Shares of PGRE 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.
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One share of PGRE stock can currently be purchased for approximately $9.69.

Paramount Group has a market capitalization of $2.12 billion and generates $714.24 million in revenue each year. The financial services provider earns $-24,700,000.00 in net income (profit) each year or $0.96 on an earnings per share basis.

Paramount Group employs 323 workers across the globe.

The official website for Paramount Group is www.paramount-group.com.

Paramount Group is headquartered at 1633 BROADWAY SUITE 1801, NEW YORK NY, 10019.

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]