PGRE

Paramount Group

4.80 USD
+0.04
0.84%
At close Dec 5, 4:00 PM EST
After hours
4.80
+0.00
0.00%
1 day
0.84%
5 days
-3.03%
1 month
-3.23%
3 months
-1.44%
6 months
4.12%
Year to date
-8.22%
1 year
-5.70%
5 years
-65.09%
10 years
-73.93%
 

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

0
Funds holding %
of 6,790 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 15

56% more repeat investments, than reductions

Existing positions increased: 75 | Existing positions reduced: 48

9% more funds holding

Funds holding: 169 [Q2] → 184 (+15) [Q3]

5% more capital invested

Capital invested by funds: $651M [Q2] → $685M (+$33.7M) [Q3]

0.67% less ownership

Funds ownership: 64.66% [Q2] → 63.99% (-0.67%) [Q3]

Research analyst outlook

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

Low target
$4
17%
downside
Avg. target
$4
17%
downside
High target
$4
17%
downside

1 analyst rating

positive
0%
neutral
0%
negative
100%
Wells Fargo
Blaine Heck
62% 1-year accuracy
8 / 13 met price target
17%downside
$4
Underweight
Maintained
11 Sept 2024

Financial journalist opinion

Based on 3 articles about PGRE published over the past 30 days

Neutral
Seeking Alpha
17 hours 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%.
NAV Monitor: U.S. Equity REITs End November At 6.5% Median Discount
Neutral
Business Wire
2 weeks 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.
Paramount Achieves GRESB 5 Star Rating for Sixth Consecutive Year
Negative
Seeking Alpha
4 weeks ago
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the US REIT industry that have raised dividends during the first three quarters of 2024. Shopping center landlord SITE Centers Corp. was the most recent addition to the list of REITs that suspended dividends this year.
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Neutral
Seeking Alpha
1 month ago
Paramount Group, Inc. (PGRE) Q3 2024 Earnings Call Transcript
Paramount Group, Inc. (NYSE:PGRE ) Q3 2024 Earnings Call October 31, 2024 10:00 AM ET Company Participants Tom Hennessy - Vice President, Business Development and Investor Relations Albert Behler - Chairman, Chief Executive Officer and President Wilbur Paes - Chief Operating Officer, Chief Financial Officer and Treasurer Peter Brindley - Executive Vice President and Head, Real Estate Conference Call Participants Blaine Heck - Wells Fargo Stephen Sakwa - Evercore ISI Dylan Burzinski - Green Street Operator Good day, ladies and gentlemen. Thank you for standing by.
Paramount Group, Inc. (PGRE) Q3 2024 Earnings Call Transcript
Neutral
Business Wire
1 month ago
Paramount Announces Third Quarter 2024 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, 2024 today and reported results for the third quarter ended September 30, 2024. Third Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $9.7 million, or $0.04 per diluted share, for the quarter ended September 30, 2024, compared to $8.4 million, or $0.04 per diluted share, for th.
Paramount Announces Third Quarter 2024 Results
Neutral
Business Wire
1 month ago
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
Positive
Zacks Investment Research
2 months ago
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
Positive
Seeking Alpha
2 months ago
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)
Positive
Seeking Alpha
2 months ago
Fed Ahead
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
Positive
Zacks Investment Research
2 months ago
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?
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