PGRE
Paramount GroupPGRE
PGRE
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. The company derives nearly all of its majority of revenue from rental income.
Employees: 316
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
1,100% more call options, than puts
Call options by funds: $12K | Put options by funds: $1K
25% more repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 59
22% more first-time investments, than exits
New positions opened: 22 | Existing positions closed: 18
1% more funds holding
Funds holding: 186 [Q3] → 188 (+2) [Q4]
0% more capital invested
Capital invested by funds: $698M [Q3] → $701M (+$3.17M) [Q4]
0.02% more ownership
Funds ownership: 65.23% [Q3] → 65.25% (+0.02%) [Q4]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$5
23%
upside
Avg. target
$5
23%
upside
High target
$5
23%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
Mizuho Vikram Malhotra 33% 1-year accuracy 3 / 9 met price target | 23%upside $5 | Outperform Maintained | 25 Feb 2025 |
Financial journalist opinion
Neutral
Seeking Alpha
1 week ago
Paramount Group, Inc. (PGRE) Q4 2024 Earnings Call Transcript
Paramount Group, Inc. (NYSE:PGRE ) Q4 2024 Earnings Conference Call February 28, 2025 10:00 AM ET Company Participants Tom Hennessy - Vice President of Investor Relations and Business Development Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer and Treasurer Peter Brindley - Executive Vice President, Head of Real Estate Conference Call Participants Steve Sakwa - Evercore ISI Blaine Heck - Wells Fargo Ron Kamdem - Morgan Stanley Tom Catherwood - BTIG Vikram Malhotra - Mizuho Dylan Burzinski - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
Neutral
Business Wire
2 weeks ago
Paramount Announces Fourth Quarter 2024 Results
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, 2024 today and reported results for the fourth quarter ended December 31, 2024. Fourth Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $38.6 million, or $0.18 per diluted share, for the quarter ended December 31, 2024, compared to $205.6 million, or $0.95 per diluted share, for the qu.
Neutral
Seeking Alpha
1 month ago
Paramount Group: Upcoming Debt Maturities And San Francisco Exposure Make This A Hold
Paramount Group is an internally managed REIT focused on New York and San Francisco office properties, with 13.8 million square feet across 18 properties. PGRE's Manhattan properties are 85% leased and comprise 73% of gross asset value, while San Francisco properties are 83.6% leased with rising vacancy rates. The Manhattan office market is expected to flourish due to office-to-residential conversions and return-to-office mandates, contrasting with San Francisco's high vacancy rates.
Neutral
Business Wire
1 month ago
Paramount Announces Release Date for Fourth Quarter 2024 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, 2024 with the U.S. Securities and Exchange Commission and release its fourth quarter 2024 financial results on Thursday, February 27, 2025 after the close of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Friday, February 28, 2025 at 10:00 a.m. Eastern Ti.
Neutral
Business Wire
1 month ago
Paramount Announces Sale of 45% Interest in 900 Third Avenue
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) announced today that it has sold a 45% interest in 900 Third Avenue, a 600,000 square foot Class A office building located on Third Avenue between 54th and 55th Streets in Midtown Manhattan, at a gross asset valuation of $210 million. Paramount will continue to own the remaining 55% interest and manage and lease the property. “We are excited to announce the sale of this non-controlling interest in 900 T.
Neutral
Business Wire
1 month ago
Paramount Announces Tax Treatment of 2024 Common Stock Dividends
NEW YORK--(BUSINESS WIRE)--Paramount Group, Inc. (NYSE: PGRE) (“Paramount” or the “Company”) today announced the 2024 tax treatment of its common stock dividends as described below. Shareholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of Paramount's dividends. Common Shares (CUSIP #69924R108) Record Date Payable Date Total Dividends Per Share Total Dividends Allocable to 2024 2024 Taxable Ordinary Dividends (1) Total Capital.
Negative
Invezz
2 months ago
Regulatory scrutiny surrounds Skydance-Paramount Media's $8.4B merger
The planned $8.4 billion merger between Skydance Media and Paramount Global has sparked debates over its potential to redefine the competitive landscape of US media. While the proposal has faced significant opposition from critics citing regulatory and ethical concerns, the deal also holds implications for Hollywood's future amid mounting global competition and changing audience preferences.
Negative
Seeking Alpha
2 months ago
Earnings Metrics Of Several U.S. Office REITs Drop In Q3
Most US office REITs ended Q3 with weaker operating metrics compared with the previous 3-month period, as demand for offices continued to drop amid higher rent. In terms of recurring EBITDA, 13 office REITs reported quarter-over-quarter declines during the third quarter, while eight recorded gains. US office REIT stocks outperformed the Dow Jones Equity All REIT Index during the third quarter as well as the S&P 500.
Neutral
Seeking Alpha
3 months ago
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Publicly listed US equity real estate investment trusts closed Nov. 29 at a median 6.5% discount to their consensus net asset value per share estimates. The hotel sector continued to trade at the largest median discount to net asset value at 21.6%. Datacenter REITs (only two in the analysis) traded at the largest median premium to NAV, at 27.6%.
Neutral
Business Wire
3 months ago
Paramount Achieves GRESB 5 Star Rating for Sixth 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 2024 GRESB Real Estate Assessment. This is the sixth consecutive year Paramount was awarded GRESB's highest rating. The Company was a top performer among over 2,200 global real estate participants and received “Sector Leader” status within the Office/Americas category. The GRESB Sector Leaders are distinguished as the best performers by sector, reg.
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