Paramount Group, Inc. (PGRE)
| 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]
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 StatementsAnalyst 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.
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...
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...
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 ...
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.
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?
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...
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 ...
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...
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 ...
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...
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?
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 ...
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...
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...
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...
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...
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...
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?
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...
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...
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...
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...
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...
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...
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 ...