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NYSE:PGRE

Paramount Group Stock Forecast, Price & News

$6.91
-0.10 (-1.43 %)
(As of 09/23/2020 10:39 AM ET)
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Compare
Today's Range
$6.89
Now: $6.91
$7.12
50-Day Range
$6.92
MA: $7.36
$7.89
52-Week Range
$6.42
Now: $6.91
$15.00
Volume21,350 shs
Average Volume2.20 million shs
Market Capitalization$1.53 billion
P/E RatioN/A
Dividend Yield5.65%
Beta0.97
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.
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Paramount Group logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.00 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Previous SymbolNASDAQ:PGRE
CUSIPN/A
Phone212-237-3100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$769.18 million
Cash Flow$0.95 per share
Book Value$20.36 per share

Profitability

Net Income$-36,900,000.00

Miscellaneous

Employees321
Market Cap$1.53 billion
Next Earnings Date11/4/2020 (Estimated)
OptionableOptionable
$6.91
-0.10 (-1.43 %)
(As of 09/23/2020 10:39 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Paramount Group (NYSE:PGRE) Frequently Asked Questions

How has Paramount Group's stock been impacted by Coronavirus?

Paramount Group's stock was trading at $10.10 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PGRE shares have decreased by 30.0% and is now trading at $7.07.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Paramount Group?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 3 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Paramount Group
.

When is Paramount Group's next earnings date?

Paramount Group is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Paramount Group
.

How were Paramount Group's earnings last quarter?

Paramount Group Inc (NYSE:PGRE) posted its earnings results on Wednesday, July, 29th. The financial services provider reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks' 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 return on equity of 1.08% and a negative net margin of 6.18%. The business's revenue for the quarter was down 5.6% on a year-over-year basis. During the same quarter last year, the company earned $0.23 EPS.
View Paramount Group's earnings history
.

How often does Paramount Group pay dividends? What is the dividend yield for Paramount Group?

Paramount Group declared a quarterly dividend on Wednesday, September 16th. Investors of record on Wednesday, September 30th will be given a dividend of $0.10 per share on Thursday, October 15th. This represents a $0.40 annualized dividend and a dividend yield of 5.66%. The ex-dividend date is Tuesday, September 29th.
View Paramount Group's dividend history
.

What price target have analysts set for PGRE?

6 brokers have issued 1-year target prices for Paramount Group's shares. Their forecasts range from $8.00 to $17.00. On average, they anticipate Paramount Group's stock price to reach $11.33 in the next twelve months. This suggests a possible upside of 60.3% from the stock's current price.
View analysts' price targets for Paramount Group
.

Are investors shorting Paramount Group?

Paramount Group saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,710,000 shares, an increase of 37.4% from the August 15th total of 5,610,000 shares. Based on an average daily volume of 2,060,000 shares, the short-interest ratio is presently 3.7 days. Currently, 4.1% of the shares of the stock are sold short.
View Paramount Group's Short Interest
.

Who are some of Paramount Group's key competitors?

What other stocks do shareholders of Paramount Group own?

Who are Paramount Group's key executives?

Paramount Group's management team includes the following people:
  • Mr. Albert P. Behler, Chairman, CEO & Pres (Age 67)
  • Mr. Wilbur Paes CPA, Exec. VP, CFO & Treasurer (Age 42)
  • Mr. Gage Johnson, Sr. VP, Gen. Counsel & Sec. (Age 57)
  • Mr. Peter R.C. Brindley, Exec. VP of Leasing (Age 42)
  • Mr. David Zobel, Exec. VP & Head of Acquisitions (Age 33)

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.

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 shareholders include Vanguard Group Inc. (12.03%), Presima Inc. (2.00%), LSV Asset Management (1.54%), Charles Schwab Investment Management Inc. (1.28%), AJO LP (1.20%) and Goldman Sachs Group Inc. (0.70%). Company insiders that own Paramount Group stock include Alexander Otto and Katharina Otto-Bernstein.
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 Vanguard Group Inc., Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., AJO LP, Prudential Financial Inc., Strs Ohio, First Trust Advisors LP, and Bank of America Corp DE.
View insider buying and selling activity 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 LSV Asset Management, AQR Capital Management LLC, Presima Inc., Nordea Investment Management AB, Balyasny Asset Management LLC, Cubist Systematic Strategies LLC, Goldman Sachs Group Inc., and Jane Street Group LLC.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

What is Paramount Group's stock price today?

One share of PGRE stock can currently be purchased for approximately $7.07.

How big of a company is Paramount Group?

Paramount Group has a market capitalization of $1.57 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 321 workers across the globe.

What is Paramount Group's official website?

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

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]

This page was last updated on 9/23/2020 by MarketBeat.com Staff

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