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Paramount Group (PGRE)
NYSE:PGRE
PGRE Stock Chart & Stats
Day’s Range― - ―
52-Week Range$4.21 - $5.47
Previous CloseN/A
Volume171.34K
Average Volume (3M)922.78K
Market Cap
$2.36B
Enterprise Value$5.15B
Total Cash (Recent Filing)N/A
Total Debt (Recent Filing)N/A
Price to Earnings (P/E)―
Beta1.25
Next Earnings
Feb 27, 2025EPS Estimate
-0.04Last Dividend Ex-Date
Jun 28, 2024Dividend Yield2.97%
Share Statistics
EPS (TTM)-0.98
Shares Outstanding217,518,590
10 Day Avg. Volume610,550
30 Day Avg. Volume922,778
Standard Deviation0.13
R-Squared0.26
Alpha-0.02
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)1.85
Price to Cash Flow (P/CF)6.50
P/FCF Ratio1.90
Enterprise Value/Market Cap2.19
Enterprise Value/RevenueN/A
Enterprise Value/Gross Profit25.99
Enterprise Value/Ebitda13.05
Forecast
1Y Price Target
$4.63Price Target Upside0.22% Upside
Rating ConsensusHold
Number of Analyst Covering2
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Paramount Group News
PremiumCompany Announcements
Paramount Group Reports Q3 2024 Earnings and Raises Guidance
PremiumPre-Earnings
Is PGRE a Buy, Before Earnings?
PremiumCompany Announcements
Paramount Group’s Board Changes and Shareholder Voting Results
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Bulls Say, Bears Say
Bulls Say
Asset SaleThe sale price of a 45% stake in 900 Third Ave was higher than sell side NAV estimates, indicating a strong market valuation for the asset.
Financial PerformanceThe company's 3Q24 FFO was reported at $0.19 per share, exceeding consensus expectations, showcasing better-than-expected financial results.
Leasing ActivityThe company raised its leasing target to 875k square feet, reflecting an optimistic outlook for future leasing activity.
Bears Say
Leasing VolumeLeasing volume was 179KSF, down from 199KSF in Q2 and below the long-term Q3 average of approximately 270KSF, highlighting a decline in leasing activity.
Occupancy RatesLeased occupancy dropped to 84.7%, a decrease of 160 basis points quarter-over-quarter, falling below market expectations.
Rental IncomeCash SS-NOI growth decreased by 2.9%, driven by lower rent spreads, indicating challenges in maintaining rental income levels.
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Ownership Overview
6.11% Insiders
17.92% Mutual Funds
9.97% Other Institutional Investors
47.47% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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PGRE FAQ
What was Paramount Group’s price range in the past 12 months?
Paramount Group lowest stock price was $4.21 and its highest was $5.47 in the past 12 months.
What is Paramount Group’s market cap?
Paramount Group’s market cap is $2.36B.
When is Paramount Group’s upcoming earnings report date?
Paramount Group’s upcoming earnings report date is Feb 27, 2025 which is in 5 days.
How were Paramount Group’s earnings last quarter?
Paramount Group released its earnings results on Oct 30, 2024. The company reported -$0.04 earnings per share for the quarter, beating the consensus estimate of -$0.05 by $0.01.
Is Paramount Group overvalued?
According to Wall Street analysts Paramount Group’s price is currently Undervalued.
Does Paramount Group pay dividends?
Paramount Group pays a Quarterly dividend of $0.07 which represents an annual dividend yield of 2.97%. See more information on Paramount Group dividends here
What is Paramount Group’s EPS estimate?
Paramount Group’s EPS estimate is -0.04.
How many shares outstanding does Paramount Group have?
Paramount Group has 217,518,590 shares outstanding.
What happened to Paramount Group’s price movement after its last earnings report?
Paramount Group reported an EPS of -$0.04 in its last earnings report, beating expectations of -$0.05. Following the earnings report the stock price went down -3.96%.
Which hedge fund is a major shareholder of Paramount Group?
Currently, no hedge funds are holding shares in PGRE
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Paramount Group Stock Smart Score
Underperform
1
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4
5
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7
8
9
10
Analyst Consensus
Hold
Average Price Target:
$4.63 (0.22% Upside)
$4.63 (0.22% Upside)
Blogger Sentiment
Bullish
PGRE Sentiment 66%
Sector Average 68%
Sector Average 68%
News Sentiment
Neutral
Bullish news 50%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-0.15%
12-Months-Change
Fundamentals
Return on Equity
-6.46%
Trailing 12-Months
Asset Growth
-4.80%
Trailing 12-Months
Company Description
Paramount Group
Paramount Group, Inc. is a real estate investment and management company. It owns, operates, manages, acquires and redevelops office properties in central business district submarkets of New York, District of Columbia and San Francisco. The company was founded by Werner Otto in 1978 and is headquartered in New York, NY.
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PGRE Company Deck
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PGRE Earnings Call
Q3 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call presented several positive aspects such as surpassing core FFO expectations, strong leasing activity, and a healthy cash position. However, these were balanced by challenges like declining occupancy rates, difficulties in the San Francisco leasing market, and negative financial metrics on some leased spaces. The suspension of the quarterly dividend also highlights a cautious financial approach.Read More>---
PGRE Stock 12 Month Forecast
Average Price Target
$4.63
▲(0.22% Upside)
Technical Analysis
Boston Properties
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Douglas Emmett
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SL Green Realty
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Vornado Realty
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Empire State Realty
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Best Analysts Covering PGRE
1 Year
1 Year Success Rate
11/19 ratings generated profit
1 Year Average Return
+10.03%
assigned a sell rating 3 months ago
Copying Blaine Heck's trades and holding each position for 1 Year would result in 57.89% of your transactions generating a profit, with an average return of +10.03% per trade.
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