Paramount Group Stock Forecast, Price & News

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 (WHO). Since then, PGRE shares have decreased by 10.9% and is now trading at $9.00.
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6 Wall Street 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 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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Wall Street analysts have given Paramount Group a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Paramount Group wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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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.

Paramount Group is scheduled to release its next quarterly earnings announcement on Wednesday, February 10th 2021.
View our earnings forecast for Paramount Group.

Paramount Group will be holding an earnings conference call on Wednesday, February 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

Paramount Group, Inc. (NYSE:PGRE) announced its earnings results on Wednesday, July, 29th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.23 by $0.27. The financial services provider earned $171.12 million during the quarter, compared to the consensus estimate of $179.54 million. Paramount Group had a negative net margin of 8.31% and a negative trailing twelve-month return on equity of 1.44%. The business's quarterly revenue was down 5.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS.
View Paramount Group's earnings history.

Paramount Group declared a quarterly dividend on Tuesday, December 15th. Investors of record on Thursday, December 31st will be given a dividend of $0.07 per share on Friday, January 15th. This represents a $0.28 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, December 30th.
View Paramount Group's dividend history.

Paramount Group pays an annual dividend of $0.28 per share and currently has a dividend yield of 3.10%. The dividend payout ratio of Paramount Group is 28.57%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Paramount Group will have a dividend payout ratio of 33.73% next year. This indicates that Paramount Group will be able to sustain or increase its dividend.
View Paramount Group's dividend history.

6 brokerages have issued 1-year target prices for Paramount Group's shares. Their forecasts range from $7.25 to $10.50. On average, they anticipate Paramount Group's share price to reach $8.75 in the next year. This suggests that the stock has a possible downside of 2.8%.
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Paramount Group saw a decline in short interest in the month of December. As of December 31st, there was short interest totaling 3,970,000 shares, a decline of 39.8% from the December 15th total of 6,590,000 shares. Based on an average daily trading volume, of 2,700,000 shares, the days-to-cover ratio is currently 1.5 days. Currently, 2.1% of the company's shares are sold short.
View Paramount Group's Short Interest.

Some companies that are related to Paramount Group include VEREIT (VER), Americold Realty Trust (COLD), Vornado Realty Trust (VNO), Kimco Realty (KIM), National Retail Properties (NNN), CubeSmart (CUBE), Federal Realty Investment Trust (FRT), Kilroy Realty (KRC), Klépierre (KLPEF), Healthcare Trust of America (HTA), Rexford Industrial Realty (REXR), Life Storage (LSI), American Campus Communities (ACC), Starwood Property Trust (STWD) and EastGroup Properties (EGP).
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 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 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.

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

Paramount Group's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.03%) and Redpoint Investment Management Pty 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 MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH.
View insider buying and selling activity for Paramount Group or view top insider-selling stocks.

PGRE stock was purchased by a variety of institutional investors in the last quarter, including Redpoint Investment Management Pty 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.

One share of PGRE stock can currently be purchased for approximately $9.00.

Paramount Group has a market capitalization of $1.98 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 317 workers across the globe.

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

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]aramount-group.com.