Paramount Group, Inc. (PGRE)

NYSE: PGRE · IEX Real-Time Price · USD
6.45
-0.14 (-2.12%)
Feb 3, 2023, 4:00 PM EST - Market closed
-2.12%
Market Cap 1.52B
Revenue (ttm) 740.57M
Net Income (ttm) 2.70M
Shares Out 235.65M
EPS (ttm) 0.02
PE Ratio 322.50
Forward PE n/a
Dividend $0.31 (4.81%)
Ex-Dividend Date Sep 29, 2022
Volume 1,246,793
Open 6.51
Previous Close 6.59
Day's Range 6.41 - 6.56
52-Week Range 5.48 - 11.54
Beta 1.20
Analysts Sell
Price Target 6.63 (+2.79%)
Earnings Date Feb 15, 2023

About PGRE

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 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. [Read more]

Industry REIT - Office
Sector Real Estate
IPO Date Nov 19, 2014
Employees 318
Stock Exchange NYSE
Ticker Symbol PGRE
Full Company Profile

Financial Performance

In 2021, PGRE's revenue was $726.79 million, an increase of 1.76% compared to the previous year's $714.24 million. Losses were -$20.35 million, -17.61% less than in 2020.

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for PGRE stock is "Sell." The 12-month stock price forecast is $6.63, which is an increase of 2.79% from the latest price.

Price Target
$6.63
(2.79% upside)
Analyst Consensus: Sell
Stock Forecasts

News

Paramount Announces Release Date for Fourth Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its annual report on Form 10-K for the year ended December 31, 2022 wit...

1 week ago - Business Wire

Paramount Announces Tax Treatment of 2022 Common Stock Dividends

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2022 tax treatment of its common stock dividends as described below. Shareholders are...

1 week ago - Business Wire

Paramount Declares Regular Quarterly Dividend

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a regular quarterly cash dividend of $0.0775 per share of common ...

1 month ago - Business Wire

Paramount Achieves GRESB 5 Star Rating for Fourth Consecutive Year

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it achieved a 5 Star rating in the 2022 GRESB Real Estate Assessment.

3 months ago - Business Wire

Paramount Group (PGRE) Q3 FFO Meet Estimates

Paramount Group (PGRE) delivered FFO and revenue surprises of 0% and 1.05%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

Paramount Announces Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 today and reported results...

3 months ago - Business Wire

Strength Seen in Paramount Group (PGRE): Can Its 5.5% Jump Turn into More Strength?

Paramount Group (PGRE) saw its shares surge in the last session with trading volume being higher than average. The latest trend in FFO estimate revisions may not translate into further price increase ...

4 months ago - Zacks Investment Research

Paramount Announces Release Date for Third Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended September 30, 202...

4 months ago - Business Wire

Paramount Signs 142,000 Square Foot Lease at 1301 Avenue of the Americas

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it signed a 15-year, 142,000 square foot lease with O'Melveny & Myers LLP (“OMM”), an ...

5 months ago - Business Wire

Is Paramount Group (PGRE) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest...

5 months ago - Zacks Investment Research

Paramount Group (PGRE) Tops Q2 FFO and Revenue Estimates

Paramount Group (PGRE) delivered FFO and revenue surprises of 4.35% and 4.02%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

6 months ago - Zacks Investment Research

Paramount Announces Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2022 today and reported results for ...

6 months ago - Business Wire

Paramount Expands Board with Appointment of Paula Sutter as an Additional Independent Director

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has appointed Paula Sutter to its Board of Directors (the “Board”) as an independen...

6 months ago - Business Wire

Paramount Announces Release Date for Second Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended June 30, 2022 wit...

7 months ago - Business Wire

After Plunging 14.6% in 4 Weeks, Here's Why the Trend Might Reverse for Paramount Group (PGRE)

Paramount Group (PGRE) has become technically an oversold stock now, which implies exhaustion of the heavy selling pressure on it. This, combined with strong agreement among Wall Street analysts in re...

8 months ago - Zacks Investment Research

Paramount Signs 68,000 Square Foot Lease with SVB Securities at 1301 Avenue of the Americas

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that SVB Securities, a subsidiary of SVB and a leading investment bank specializing in heal...

9 months ago - Business Wire

Paramount Earns 2022 ENERGY STAR® Partner of the Year Award

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) is proud to announce that it has achieved the 2022 ENERGY STAR Partner of the Year Award from the U.S. Envi...

9 months ago - Business Wire

Paramount Group (PGRE) Q1 FFO and Revenues Surpass Estimates

Paramount Group (PGRE) delivered FFO and revenue surprises of 8.70% and 1.25%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

10 months ago - Zacks Investment Research

Paramount Announces First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2022 today and reported results for...

10 months ago - Business Wire

Paramount Announces Release Date for First Quarter 2022 Results

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2022 wi...

10 months ago - Business Wire

Paramount's 111 Sutter Street Achieves LEED Platinum and the Distinction of Highest Scoring LEED Project in San Francisco

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that 111 Sutter Street has achieved LEED (Leadership in Energy and Environmental Design) Pl...

10 months ago - Business Wire

Paramount Board of Directors Unanimously Rejects Unsolicited Proposal from Monarch

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that its Board of Directors has unanimously rejected an unsolicited, non-binding proposal r...

11 months ago - Business Wire

Paramount Increases Regular Quarterly Dividend by 10.7%

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared an increased quarterly cash dividend of $0.0775 per share of common...

11 months ago - Business Wire

Paramount Group stock soars after Monarch Alternative Capital's buyout bid values REIT at $2.2 billion

Shares of Paramount Group Inc. PGRE, +21.15% soared 21.3% toward an 8-month high after the real estate investment trust (REIT) focused on officer properties confirmed it received an "unsolicited" buyo...

1 year ago - Market Watch

Paramount Confirms Receipt of Unsolicited, Non-Binding Proposal from Monarch Alternative Capital

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today confirmed that it has received an unsolicited, non-binding proposal from Monarch Alternative Capital ...

1 year ago - Business Wire