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Paramount Group, Inc. (PGRE)

Stock Price: $9.86 USD 0.59 (6.36%)
Updated Mar 1, 2021 4:00 PM EST - Market closed
After-hours: $9.94 +0.08 (0.81%) Mar 1, 7:17 PM
Market Cap 2.17B
Revenue (ttm) 714.24M
Net Income (ttm) -24.70M
Shares Out 222.44M
EPS (ttm) -0.11
PE Ratio n/a
Forward PE n/a
Dividend $0.37
Dividend Yield 3.75%
Trading Day March 1
Last Price $9.86
Previous Close $9.27
Change ($) 0.59
Change (%) 6.36%
Day's Open 9.51
Day's Range 9.51 - 9.97
Day's Volume 4,091,934
52-Week Range 5.50 - 12.17

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Zacks Investment Research - 2 weeks ago

Paramount Group (PGRE) delivered FFO and revenue surprises of 4.35% and 4.08%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 2 weeks ago

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) filed its Annual Report on Form 10-K for the year ended December 31, 2020 today and reported result...

Business Wire - 3 weeks ago

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today the promotion of two executives within the Company's senior management team. Wilbur...

Business Wire - 1 month ago

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, 20...

Business Wire - 1 month ago

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2020 tax treatment of its common stock dividends as described below. Shareholde...

Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has completed the previously announced sale of 1899 Pennsylvania Avenue, a ...

Seeking Alpha - 2 months ago

PGRE is a Class A office property REIT that is down ~40% since March 2020. It is currently trading at a ~50% discount to NAV; in other words, it's a dollar bill selling for $0.50-$0.60, backed...

Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors has declared a decreased quarterly cash dividend of $0.07 per share of c...

Seeking Alpha - 2 months ago

COVID has decimated New York City's economy. High COVID infection rates and low office utilization rates fuel concerns about the impact of work from home on the NYC office market. NYC REIT has...

Other stocks mentioned: ESRT, NYC, SLG, VNO
Business Wire - 2 months ago

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced that it has achieved a 5-Star Rating for the second consecutive year under the 2020...

Business Wire - 3 months ago

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 proposal receiv...

Seeking Alpha - 4 months ago

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q3 2020 Results - Earnings Call Transcript

Zacks Investment Research - 4 months ago

Paramount Group (PGRE) delivered FFO and revenue surprises of -4.35% and 1.06%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 4 months ago

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, 2020 today and reported...

Business Wire - 4 months ago

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...

Business Wire - 5 months ago

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 $0.10 per share of com...

Zacks Investment Research - 6 months ago

Let's see if Paramount Group, Inc. (PGRE) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.

PRNewsWire - 6 months ago

SAN FRANCISCO, Aug. 13, 2020 /PRNewswire/ -- Paramount Group, Inc.

Seeking Alpha - 7 months ago

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q2 2020 Results - Earnings Call Transcript

Zacks Investment Research - 7 months ago

Paramount Group (PGRE) delivered FFO and revenue surprises of 0.00% and -4.69%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

Business Wire - 7 months ago

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, 2020 today and reported resu...

Business Wire - 7 months ago

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, ...

Zacks Investment Research - 8 months ago

PGRE vs. CUBE: Which Stock Is the Better Value Option?

Other stocks mentioned: CUBE
Seeking Alpha - 9 months ago

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q1 2020 Results - Earnings Call Transcript

Seeking Alpha - 1 year ago

Paramount Group, Inc. (PGRE) CEO Albert Behler on Q4 2019 Results - Earnings Call Transcript

Seeking Alpha - 1 year ago

Paramount Group's (PGRE) CEO Albert Behler on Q3 2019 Results - Earnings Call Transcript

Zacks Investment Research - 1 year ago

Paramount Group (PGRE) delivered FFO and revenue surprises of 4.17% and 1.27%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

Zacks Investment Research - 1 year ago

Paramount Group has been struggling lately, but the selling pressure may be coming to an end soon.

Seeking Alpha - 1 year ago

Paramount Group, Inc. (PGRE) CEO James Brannen on Q1 2019 Results - Earnings Call Transcript

About PGRE

Headquartered in New York City, Paramount Group 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.

Industry
REIT-Office
IPO Date
Nov 19, 2014
CEO
Albert Behler
Employees
323
Stock Exchange
NYSE
Ticker Symbol
PGRE
Full Company Profile

Financial Performance

In 2020, PGRE's revenue was $714.24 million, a decrease of -3.97% compared to the previous year's $743.75 million. Losses were -$24.70 million, -33.05% less than in 2019.

Financial Statements

Analyst Forecasts

According to 7 analysts, the average rating for PGRE stock is "Hold." The 12-month stock price forecast is 10.38, which is an increase of 5.27% from the latest price.

Price Target
$10.38
(5.27% upside)
Analyst Consensus: Hold