Should I buy or sell Paramount Group stock right now?

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" PGRE shares. View PGRE analyst ratings or view top-rated stocks .

What is Paramount Group's stock price target for 2024?

5 brokerages have issued twelve-month target prices for Paramount Group's stock. Their PGRE share price targets range from $3.50 to $6.00. On average, they anticipate the company's stock price to reach $4.60 in the next year. This suggests a possible upside of 3.1% from the stock's current price. View analysts price targets for PGRE or view top-rated stocks among Wall Street analysts .

How have PGRE shares performed in 2024?

Paramount Group's stock was trading at $5.17 on January 1st, 2024. Since then, PGRE stock has decreased by 13.7% and is now trading at $4.46. View the best growth stocks for 2024 here .

When is Paramount Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our PGRE earnings forecast .

How can I listen to Paramount Group's earnings call?

Paramount Group will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745787".

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) posted its quarterly earnings results on Wednesday, April, 27th. The financial services provider reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.21. Paramount Group had a negative trailing twelve-month return on equity of 6.07% and a negative net margin of 34.97%. During the same quarter in the prior year, the firm posted $0.23 EPS.

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

Paramount Group declared a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.035 per share on Monday, April 15th. This represents a $0.14 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, March 27th. Read our dividend analysis for PGRE .

Is Paramount Group a good dividend stock?

Paramount Group (NYSE:PGRE) pays an annual dividend of $0.14 per share and currently has a dividend yield of 3.07%. Read our dividend analysis for PGRE .

What ETF holds Paramount Group's stock?

Cambria Global Real Estate ETF holds 70,208 shares of PGRE stock, representing 1.45% of its portfolio.

What guidance has Paramount Group issued on next quarter's earnings?

Paramount Group issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of 0.730-0.790 for the period, compared to the consensus estimate of 0.650. The company issued revenue guidance of -.

What is Albert P Behler's approval rating as Paramount Group's CEO?

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

What other stocks do shareholders of Paramount Group own?

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

When did Paramount Group IPO?

Paramount Group (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.

Who are Paramount Group's major shareholders?

Paramount Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ballentine Partners LLC (0.01%). Insiders that own company stock include Albert P Behler, Gage R Johnson and Thomas Armbrust. View institutional ownership trends .

How do I buy shares of Paramount Group?

Shares of PGRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NYSE:PGRE

Paramount Group (PGRE) Stock Price, News & Analysis

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Free PGRE Stock Alerts

$4.46

-0.02 (-0.45%)

(As of 01:33 PM ET)

Compare

Today's Range: $4.45
▼
$4.58
50-Day Range: $4.31
▼
$4.86
52-Week Range: $4.06
▼
$5.92

Volume: 293,504 shs
Average Volume: 1.31 million shs
Market Capitalization: $969.29 million

P/E Ratio: N/A
Dividend Yield: 3.14%
Price Target: $4.60

Get Paramount Group alerts:

Paramount Group MarketRank™ Stock Analysis

Analyst Rating: Reduce
1.80 Rating Score
Upside/Downside: 3.1% Upside
$4.60 Price Target
Short Interest: Bearish
4.77% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -2.87
Upright™ Environmental Score
News Sentiment: 0.60
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -15.07%
From $0.73 to $0.62 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.89 out of 5 stars

Finance Sector

530th out of 832 stocks

Real Estate Investment Trusts Industry

106th out of 178 stocks

0.9

Analyst's Opinion

Consensus Rating
Paramount Group has received a consensus rating of Reduce. The company's average rating score is 1.80, and is based on 1 buy rating, 2 hold ratings, and 2 sell ratings.
Amount of Analyst Coverage
Paramount Group has only been the subject of 2 research reports in the past 90 days.

2.0

Short Interest

Percentage of Shares Shorted
4.77% of the float of Paramount Group has been sold short.
Short Interest Ratio / Days to Cover
Paramount Group has a short interest ratio ("days to cover") of 6.3.
Change versus previous month
Short interest in Paramount Group has recently increased by 5.07%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Yield
Paramount Group pays a meaningful dividend of 3.07%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Paramount Group does not have a long track record of dividend growth.
Dividend Sustainability
Based on earnings estimates, Paramount Group will have a dividend payout ratio of 22.58% next year. This indicates that Paramount Group will be able to sustain or increase its dividend.

2.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Paramount Group has received a 3.57% net impact score from Upright. Paramount seems to create the most significant positive value in categories "Taxes", "Societal infrastructure", and "Jobs". The positive contribution in the "Societal infrastructure" impact category is driven by its "Property management services", "Office leasing services", and "Real estate funds investing in office buildings" products. See details.
Environmental Sustainability
The Environmental Impact score for Paramount Group is -2.87.

3.1

News and Social Media Coverage

News Sentiment
Paramount Group has a news sentiment score of 0.60. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Paramount Group this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for PGRE on MarketBeat in the last 30 days.
MarketBeat Follows
2 people have added Paramount Group to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

2.5

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Paramount Group insiders have not sold or bought any company stock.
Percentage Held by Insiders
13.50% of the stock of Paramount Group is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
65.64% of the stock of Paramount Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Paramount Group are expected to decrease by -15.07% in the coming year, from $0.73 to $0.62 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Paramount Group is -3.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Paramount Group is -3.72, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Paramount Group has a PEG Ratio of 0.24. PEG Ratios below 1 indicate that a company could be undervalued.
Price to Book Value per Share Ratio
Paramount Group has a P/B Ratio of 0.24. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Paramount Group Stock (NYSE:PGRE)

Paramount Group, Inc. ("Paramount" or the "Company") 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 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.

PGRE Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PGRE Stock News Headlines

April 12, 2024 | msn.com

Reddit Group With 1 Million Paramount Shares Are 'Deeply Disturbed' by Potential Skydance Deal

April 12, 2024 | americanbankingnews.com

Paramount Group, Inc. (NYSE:PGRE) Given Average Recommendation of "Reduce" by Brokerages

April 18, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 11, 2024 | businesswire.com

Paramount Announces Release Date for First Quarter 2024 Results

April 3, 2024 | benzinga.com

Paramount, Skydance Deal Talks Fuel Investor Interest But Charts Indicate Mixed Sentiments

April 1, 2024 | msn.com

Netflix Co-Founder Says The Best Reason To Work On A Startup 'Isn't To Make Money'

April 1, 2024 | msn.com

I'm subscribing to Paramount Plus in April — here's why

March 29, 2024 | msn.com

New on Paramount Plus in April 2024 — all the new shows and movies to watch

April 18, 2024 | DTI (Ad)

This company has increased its dividend every year for 54 years

There are three basic steps to building the Ultimate Dividend Portfolio. Step #1 is to Get The High Yields! So an index fund like the SPY, paying only 1.5% a year, isn’t going to cut it. But a company like Altria Group (MO) will.

March 18, 2024 | businesswire.com

Paramount Signs 74,000 Square Foot Lease at 1301 Avenue of the Americas

March 18, 2024 | investorplace.com

7 REITs to Sell in March Before They Crash & Burn

March 4, 2024 | bizjournals.com

Paramount could return two downtown San Francisco office buildings to lenders as maturity dates loom

March 2, 2024 | markets.businessinsider.com

Buy Rating for Paramount Group: Strategic Growth in NYC’s Recovering Real Estate Market

March 1, 2024 | seekingalpha.com

Paramount Group: Blue Chip Tenants And Rock Bottom Valuation

February 29, 2024 | health.usnews.com

Independent Living Communities Near Paramount, CA

February 19, 2024 | finance.yahoo.com

PGRE Mar 2024 7.500 call

February 18, 2024 | msn.com

5 new to Paramount Plus movies with 90% or higher on Rotten Tomatoes

February 17, 2024 | finance.yahoo.com

PGRE Mar 2024 2.500 put

February 16, 2024 | finance.yahoo.com

Paramount Group, Inc. (NYSE:PGRE) Q4 2023 Earnings Call Transcript

February 16, 2024 | finance.yahoo.com

Q4 2023 Paramount Group Inc Earnings Call

February 15, 2024 | markets.businessinsider.com

Analysts Offer Insights on Real Estate Companies: Ventas (VTR) and Paramount Group (PGRE)

February 15, 2024 | markets.businessinsider.com

Paramount Group: Hold Rating Amid Strategic Shifts and Office Sector Uncertainty

February 15, 2024 | seekingalpha.com

Paramount Group, Inc. 2023 Q4 - Results - Earnings Call Presentation

February 14, 2024 | finance.yahoo.com

Paramount Announces Fourth Quarter 2023 Results

February 14, 2024 | finance.yahoo.com

Paramount Group Inc (PGRE) Faces Net Loss Amid Real Estate Challenges

February 14, 2024 | businesswire.com

Paramount Announces Fourth Quarter 2023 Results

February 14, 2024 | msn.com

Paramount Plus Super Bowl fail proves why sports is a big problem for cord-cutters

See More Headlines

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Company Calendar

Last Earnings: 4/27/2022
Ex-Dividend for 4/15 Dividend: 3/27/2024
Dividend Payable: 4/15/2024
Today: 4/18/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NYSE
Sector: Finance
Industry: Real estate investment trusts
Sub-Industry: N/A
Current Symbol: NYSE:PGRE
Previous Symbol: NASDAQ:PGRE
CUSIP: N/A
CIK: 1605607
Web: www.paramount-group.com
Phone: (212) 237-3100
Fax: N/A
Employees: 329
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $4.60
High Stock Price Target: $6.00
Low Stock Price Target: $3.50
Potential Upside/Downside: +2.7%
Consensus Rating: Reduce
Rating Score (0-4): 1.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 6.14
P/E Growth: 0.24
Net Income: $-259,740,000.00
Net Margins: -34.97%
Pretax Margin: -49.80%
Return on Equity: -6.07%
Return on Assets: -3.13%

Debt

Debt-to-Equity Ratio: 0.95
Current Ratio: 4.61
Quick Ratio: 4.61

Sales & Book Value

Annual Sales: $742.79 million
Price / Sales: 1.31
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $18.47 per share
Price / Book: 0.24

Miscellaneous

Outstanding Shares: 217,330,000
Free Float: 187,990,000
Market Cap: $973.64 million
Optionable: Optionable
Beta: 1.22

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Key Executives

Mr. Albert P. Behler (Age 72)
Chairman, CEO & President
Comp: $3.08M
Mr. Wilbur Paes CPA (Age 47)
COO, CFO & Treasurer
Comp: $1.92M
Mr. Gage Johnson (Age 62)
Senior VP, General Counsel & Secretary
Comp: $862.87k
Mr. Peter R.C. Brindley (Age 47)
Executive VP & Head of Real Estate
Comp: $1.5M
Ms. Ermelinda Berberi (Age 43)
Senior VP & Chief Accounting Officer
Mr. Thomas Francis Hennessy III
Vice President of Business Development & Investor Relations
Mr. Vito Messina (Age 61)
Senior Vice President of Asset Management
Mr. David S. Eaton
Senior Vice President of Leasing

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PGRE Stock Analysis - Frequently Asked Questions

Should I buy or sell Paramount Group stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last twelve months. There are currently 2 sell ratings, 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "reduce" PGRE shares.
View PGRE analyst ratings or view top-rated stocks.
What is Paramount Group's stock price target for 2024?: 5 brokerages have issued twelve-month target prices for Paramount Group's stock. Their PGRE share price targets range from $3.50 to $6.00. On average, they anticipate the company's stock price to reach $4.60 in the next year. This suggests a possible upside of 3.1% from the stock's current price.
View analysts price targets for PGRE or view top-rated stocks among Wall Street analysts.
How have PGRE shares performed in 2024?: Paramount Group's stock was trading at $5.17 on January 1st, 2024. Since then, PGRE stock has decreased by 13.7% and is now trading at $4.46.
View the best growth stocks for 2024 here.
When is Paramount Group's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our PGRE earnings forecast.
How can I listen to Paramount Group's earnings call?: Paramount Group will be holding an earnings conference call on Thursday, May 2nd at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745787".
How were Paramount Group's earnings last quarter?: Paramount Group, Inc. (NYSE:PGRE) posted its quarterly earnings results on Wednesday, April, 27th. The financial services provider reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.23 by $0.21. Paramount Group had a negative trailing twelve-month return on equity of 6.07% and a negative net margin of 34.97%. During the same quarter in the prior year, the firm posted $0.23 EPS.
How often does Paramount Group pay dividends? What is the dividend yield for Paramount Group?: Paramount Group declared a quarterly dividend on Friday, March 15th. Investors of record on Thursday, March 28th will be paid a dividend of $0.035 per share on Monday, April 15th. This represents a $0.14 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, March 27th.
Read our dividend analysis for PGRE.
Is Paramount Group a good dividend stock?: Paramount Group (NYSE:PGRE) pays an annual dividend of $0.14 per share and currently has a dividend yield of 3.07%.
Read our dividend analysis for PGRE.

What ETF holds Paramount Group's stock?: Cambria Global Real Estate ETF holds 70,208 shares of PGRE stock, representing 1.45% of its portfolio.
What guidance has Paramount Group issued on next quarter's earnings?: Paramount Group issued an update on its FY 2024 earnings guidance on Wednesday, February, 14th. The company provided EPS guidance of 0.730-0.790 for the period, compared to the consensus estimate of 0.650. The company issued revenue guidance of -.
What is Albert P Behler's approval rating as Paramount Group's CEO?: 5 employees have rated Paramount Group Chief Executive Officer Albert P Behler on Glassdoor.com. Albert P Behler has an approval rating of 55% among the company's employees. This puts Albert P Behler in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of Paramount Group own?: 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), Kimco Realty (KIM) and Kinder Morgan (KMI).
When did Paramount Group IPO?: Paramount Group (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.
Who are Paramount Group's major shareholders?: Paramount Group's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Ballentine Partners LLC (0.01%). Insiders that own company stock include Albert P Behler, Gage R Johnson and Thomas Armbrust.
View institutional ownership trends.
How do I buy shares of Paramount Group?: Shares of PGRE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PGRE) was last updated on 4/18/2024 by MarketBeat.com Staff

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