PGRE

Paramount Group
PGRE
Market cap $1.14B

5.25 USD

-0.11

2.05%

At close Oct 21, 4:00 PM EDT

After hours

5.25

+0.00

0.00%

1 day

-2.05%

5 days

4.17%

1 month

3.14%

3 months

0.38%

6 months

13.88%

Year to date

0.38%

1 year

19.32%

5 years

-59.55%

About: Paramount Group Inc is a real estate investment trust engaged in owning, operating, managing, acquiring, and redeveloping high-quality, Class A office properties in select central business district (CBD) submarkets of New York City and San Francisco. The company operates in two geographical segments New York and San Francisco. Paramount Group derives nearly all of its revenue in the form of rental income from leasing its offices to tenants.

Employees: 329

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

39% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 18

4% more funds holding

Funds holding: 162 [Q1] → 169 (+7) [Q2]

2% less repeat investments, than reductions

Existing positions increased: 59 | Existing positions reduced: 60

3% less capital invested

Capital invested by funds: $666M [Q1] → $645M (-$21.5M) [Q2]

1.31% less ownership

Funds ownership: 65.36% [Q1] → 64.05% (-1.31%) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$4

24%

downside

Avg. target

$4

24%

downside

High target

$4

24%

downside

1 analyst rating

0 positive

0%

0 neutral

0%

1 negative

100%

Wells Fargo

Blaine Heck

44% 1-year accuracy

4 / 9 met price target

24%downside

$4

Underweight

Maintained

11 Sept 2024

See Analyst Rankings

Financial journalist opinion

Paramount Announces Release Date for Third Quarter 2024 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, 2024 with the U.S. Securities and Exchange Commission and release its third quarter 2024 financial results on Wednesday, October 30, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, October 31, 2024 at 10:00 a.m. Easte.

Paramount Announces Release Date for Third Quarter 2024 Results

Zacks Investment Research

5 Low Price-to-Book Stocks That Value Investors Can Buy

The P/B ratio helps to identify low-priced stocks with high growth prospects. GM, AXS, KT, ENS and PGRE are some such stocks.

5 Low Price-to-Book Stocks That Value Investors Can Buy

Paramount Group: A Speculative Buy As Era Of Rate Cuts Begins (Rating Upgrade)

Paramount Group suspended its quarterly dividend for cash savings to better address its upcoming maturities. The REIT is trading for just 4x its free cash flow with a total debt of $3.6 billion, set to see its burden lessened by the Fed's rate cuts. Rate cuts will also enhance investor sentiment, with a recovery of the REIT's valuation from its 5-year low possible through the next year.

Paramount Group: A Speculative Buy As Era Of Rate Cuts Begins (Rating Upgrade)

Following their worst week since mid-2023, U.S. equity markets rebounded this week while benchmark interest rates dipped to two-year lows as investors parsed a relatively encouraging slate of inflation data. The critical CPI and PPI reports showed that - excluding the dubious shelter component - consumer and producer price pressures now appear well-contained, following the painful pandemic-era inflation surge. The S&P 500 rallied 4.0%, lifting the major equity benchmark to within 0.5% of fresh record highs. The policy-sensitive 2-Year Treasury Yield dipped to the lowest level in two years.

Fed Ahead

Zacks Investment Research

PGRE or EGP: Which Is the Better Value Stock Right Now?

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks presents investors with the better value opportunity right now?

PGRE or EGP: Which Is the Better Value Stock Right Now?

REIT Paramount Group Suspends Dividend To 'Fortify' Balance Sheet

Paramount Group (PGRE) shares edged higher Friday as the real estate investment trust (REIT) that specializes in commercial properties suspended its regular quarterly dividend of $0.035 that was to be paid Oct. 15.

REIT Paramount Group Suspends Dividend To 'Fortify' Balance Sheet

Paramount Suspends Regular Quarterly Dividend

NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount”) announced today that its board of directors suspended the Company's regular quarterly dividend that would have otherwise been payable on October 15, 2024. During 2024, Paramount paid three regular quarterly dividends aggregating $0.1050 per share of common stock, which approximates 100% of its estimated 2024 taxable income. Albert Behler, Chairman, Chief Executive Officer and President of Paramount commented, “The decis.

Paramount Suspends Regular Quarterly Dividend

Zacks Investment Research

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

Investors interested in REIT and Equity Trust - Other stocks are likely familiar with Paramount Group (PGRE) and EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?

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

Zacks Investment Research

PGRE vs. EGP: Which Stock Should Value Investors Buy Now?

Investors looking for stocks in the REIT and Equity Trust - Other sector might want to consider either Paramount Group (PGRE) or EastGroup Properties (EGP). But which of these two stocks offers value investors a better bang for their buck right now?

PGRE vs. EGP: Which Stock Should Value Investors Buy Now?

Paramount Group, Inc. (PGRE) Q2 2024 Earnings Call Transcript

Paramount Group, Inc. (NYSE:PGRE ) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Thomas Hennessy - Vice President of Business Development and Investor Relations Albert Behler - Chairman, President and Chief Executive Officer Peter Brindley - Executive Vice President and Head of Real Estate Wilbur Paes - Chief Operating Officer and Chief Financial Officer Conference Call Participants Steve Sakwa - Evercore ISI Vikram Malhotra - Mizuho Camille Bonnel - Bank of America Merrill Lynch Blaine Heck - Wells Fargo Securities, LLC Ronald Kamdem - Morgan Stanley Dylan Burzinski - Green Street Advisors LLC Operator Good day, ladies and gentlemen. Thank you for standing by.

Paramount Group, Inc. (PGRE) Q2 2024 Earnings Call Transcript

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