Paramount Group (PGRE) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $4.66 to $4.74
• 50-Day Range: $4.70 to $5.36
• 52-Week Range: $4.21 to $5.92
• Volume: 605,103 shs
• Average Volume: 997,849 shs
• Market Capitalization: $1.02 billion
• P/E Ratio: N/A
• Dividend Yield: 2.97%
• Price Target: $4.50
• Consensus Rating: Reduce

Paramount Group Stock Analysis - MarketRank™

Paramount Group scored higher than 66% of companies evaluated by MarketBeat, and ranked 439th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.8 / 5
• Analyst Rating: Reduce

Consensus Rating

Paramount Group has received a consensus rating of Reduce. The company's average rating score is 1.67, and is based on no buy ratings, 2 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Paramount Group has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: -17.95%

Earnings Growth

Earnings for Paramount Group are expected to decrease by -17.95% in the coming year, from $0.78 to $0.64 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Paramount Group is -4.81, 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 -4.81, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Paramount Group has a P/B Ratio of 0.25. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.77% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Paramount Group has recently decreased by 23.36%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Paramount Group pays a meaningful dividend of 2.94%, 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 21.88% next year. This indicates that Paramount Group will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 2.1 / 5
• Environmental Score: -2.87

Percentage of Shares Shorted

1.77% 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 3.8, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Paramount Group has recently decreased by 23.36%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.20

News Sentiment

Paramount Group has a news sentiment score of 1.20. 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 is a higher news sentiment than the 0.76 average news sentiment score 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.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

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.

PGRE Stock Analysis - Frequently Asked Questions

How have PGRE shares performed this year?

Paramount Group's stock was trading at $5.17 at the start of the year. Since then, PGRE stock has decreased by 8.9% and is now trading at $4.71.
View the best growth stocks for 2024 here.

How were Paramount Group's earnings last quarter?

Paramount Group, Inc. (NYSE:PGRE) posted its quarterly earnings data on Wednesday, April, 27th. The financial services provider reported $0.02 earnings per share 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 5.26% and a negative net margin of 27.92%.

When did Paramount Group IPO?

Paramount Group (PGRE) raised $2.3 billion in an initial public offering (IPO) 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 acted 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?

Top institutional shareholders of Paramount Group include State Street Corp (3.76%), Geode Capital Management LLC (2.16%), Charles Schwab Investment Management Inc. (1.82%) and HBK Investments L P (1.10%). Insiders that own company stock include Albert P Behler, Thomas Armbrust and Gage R Johnson.
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.

What other stocks do shareholders of Paramount Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Paramount Group investors own include Waste Connections (WCN), American Water Works (AWK), DiamondRock Hospitality (DRH), AUO (AUOTY), The RMR Group (RMR), iShares Micro-Cap ETF (IWC) and Triple Flag Precious Metals (TFPM).

Company Calendar

• Last Earnings: 4/27/2022
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/12/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Trading
• 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: $4.50
• High Stock Price Target: $5.00
• Low Stock Price Target: $4.00
• Potential Upside/Downside: -4.5%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.67
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.98)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 6.04
• P/E Growth: N/A
• Net Income: $-259,740,000.00
• Net Margins: -27.92%
• Pretax Margin: -34.10%
• Return on Equity: -5.26%
• Return on Assets: -2.69%

Debt

• Debt-to-Equity Ratio: 0.91
• Current Ratio: 4.45
• Quick Ratio: 4.45

Sales & Book Value

• Annual Sales: $742.79 million
• Price / Sales: 1.38
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $18.47 per share
• Price / Book: 0.26

Miscellaneous

• Outstanding Shares: 217,520,000
• Free Float: 188,154,000
• Market Cap: $1.02 billion
• Optionable: Optionable
• Beta: 1.25