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
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone212-237-3100
Debt
Current Ratio4.57
Quick Ratio4.57
Price-To-Earnings
Sales & Book Value
Annual Sales$718.97 million
Price / Sales4.45
Price / Cash Flow9.34
Price / Book0.64
Profitability
Net Income$86.38 million
Net Margins-0.40%
Return on Assets-0.03%
Miscellaneous
Employees327
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 Friday, December 14th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.10 per share on Tuesday, January 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, December 28th. View Paramount Group's Dividend History.
How were Paramount Group's earnings last quarter?
Paramount Group Inc (NYSE:PGRE) announced its earnings results on Monday, November, 5th. The financial services provider reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.25 by $0.01. The financial services provider had revenue of $192.60 million for the quarter, compared to analysts' expectations of $191.24 million. Paramount Group had a negative net margin of 0.40% and a negative return on equity of 0.06%. Paramount Group's quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the business 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 brokerages have issued 1-year target prices for Paramount Group's shares. Their forecasts range from $14.00 to $21.00. On average, they anticipate Paramount Group's stock price to reach $16.3750 in the next year. This suggests a possible upside of 21.4% 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 stories about PGRE stock have been trending somewhat positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Paramount Group earned a media sentiment score of 1.5 on InfoTrie's scale. They also gave news articles about the financial services provider a news buzz of 7.0 out of 10, meaning that recent media coverage is likely to have an impact on the stock's share price in the next several days.
Are investors shorting Paramount Group?
Paramount Group saw a drop in short interest in December. As of December 14th, there was short interest totalling 2,769,442 shares, a drop of 36.4% from the November 30th total of 4,351,401 shares. Based on an average daily trading volume, of 1,574,752 shares, the short-interest ratio is currently 1.8 days. Approximately 1.4% of the company's shares are sold short. View Paramount Group's Current Options Chain.
Who are some of Paramount Group's key competitors?
Some companies that are related to Paramount Group include Vornado Realty Trust (VNO), Extra Space Storage (EXR), SINO LD LTD/S (SNLAY), WP Carey (WPC), Mid-America Apartment Communities (MAA), Regency Centers (REG), UDR (UDR), Gecina (GECFF), Duke Realty (DRE), Iron Mountain (IRM), AGNC Investment (AGNC), Klepierre (KLPEF), Federal Realty Investment Trust (FRT), Sun Communities (SUI) and Equity Lifestyle Properties (ELS).
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 initial public offering on Wednesday, November 19th 2014. The company issued 131,000,000 shares at $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.
Who are Paramount Group's major shareholders?
Which major investors are buying Paramount Group stock?
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 $13.49.
How big of a company is Paramount Group?
Paramount Group has a market capitalization of $3.17 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.
