Headquartered in New York City, Paramount Group, Inc. 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 City 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.
IPO Year: 2014
Exchange: NYSE
Website: paramount-group.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/18/2024 | $5.00 | Underperform → In-line | Evercore ISI |
| 11/13/2023 | $5.00 → $4.00 | Neutral → Underperform | BofA Securities |
| 3/1/2023 | $5.50 | Neutral | BofA Securities |
| 11/23/2022 | $8.00 → $6.50 | Overweight → Equal-Weight | Morgan Stanley |
| 11/21/2022 | $8.00 → $6.50 | In-line → Underperform | Evercore ISI |
| 10/19/2022 | Buy → Neutral | BTIG Research | |
| 3/1/2022 | $10.50 → $14.00 | Overweight | Morgan Stanley |
| 1/20/2022 | $11.00 → $10.50 | Neutral → Buy | Mizuho |
| 12/14/2021 | $11.00 → $10.50 | Overweight | Morgan Stanley |
| 9/10/2021 | $9.00 → $8.50 | Underweight | Wells Fargo |
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") announced today that it has appointed Paula Sutter to its Board of Directors (the "Board") as an independent director, effective immediately. With the addition of Ms. Sutter, Paramount's Board now comprises ten members, nine of whom are independent. "Paula is a highly experienced business executive who brings added depth and perspective to our Board of Directors," said Albert Behler, Chairman, Chief Executive Officer and President of Paramount Group. "Her appointment is also in keeping with our commitment to increase the number of women on the Board. Paula will be a valuable addition to the Board and we look forward to workin
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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, region, and nature of ownership from across the GRESB Assessments. "Achieving GRESB's highest accolades, outperforming the GRESB average score by 21%, and improving upon our 2023 score validates the effectiveness of our ESG str
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. Eastern Time (ET), during which management will discuss the third quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The confe
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 decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility." About Paramount Group, Inc. Headquartered in New
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 June 30, 2024 with the U.S. Securities and Exchange Commission and release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 1, 2024 at 10:00 a.m. Eastern Time (ET), during which management will discuss the second quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The conference
Paramount Group, Inc. (NYSE:PGRE) ("Paramount") announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 15, 2024, to stockholders of record as of the close of business on June 28, 2024. About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. 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 City and San Francisco. Paramount is focused on maximiz
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 March 31, 2024 with the U.S. Securities and Exchange Commission and release its first quarter 2024 financial results on Wednesday, May 1, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 2, 2024 at 10:00 a.m. Eastern Time (ET), during which management will discuss the first quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The conference call c
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. Paramount was honored among a select group of organizations for the company's contributions to energy efficiency and the transition to a clean energy economy. ENERGY STAR award winners are recognized for demonstrating sustainability excellence in their respective industries. This year, Paramount achieved ENERGY STAR labels across 100% of its office portfolio, spanning 11.3 million square feet. The company's longstanding commitment to ENERGY STAR has yi
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") announced today that it has signed a 74,000 square foot lease with Citizens at 1301 Avenue of the Americas, a 1.7 million square-foot Class A office building, located between 52nd and 53rd Streets in Midtown Manhattan. With this lease signing, the Company has made further progress leasing vacant space at 1301 Avenue of the Americas. "We are delighted to welcome Citizens Bank to 1301 Avenue of the Americas as the latest addition to Paramount's world class tenant roster," said Peter Brindley, Executive Vice President, Head of Real Estate. "This new lease builds on the momentum of recent leasing activity along Avenue of the A
Paramount Group, Inc. (NYSE:PGRE) ("Paramount") announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from January 1, 2024 to March 31, 2024. The dividend will be payable on April 15, 2024, to stockholders of record as of the close of business on March 28, 2024. About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. 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 City and San Francisco. Paramount is focused on ma
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") filed its Annual Report on Form 10-K for the year ended December 31, 2023 today and reported results for the fourth quarter ended December 31, 2023. Fourth Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $205.6 million, or $0.95 per diluted share, for the quarter ended December 31, 2023, compared to $37.9 million, or $0.17 per diluted share, for the quarter ended December 31, 2022. Net loss attributable to common stockholders for the quarter ended December 31, 2023 includes (i) $185.0 million, or $0.85 per diluted share, for our share of non-cash real estate impairment
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, region, and nature of ownership from across the GRESB Assessments. "Achieving GRESB's highest accolades, outperforming the GRESB average score by 21%, and improving upon our 2023 score validates the effectiveness of our ESG str
– Raises Guidance for Full Year 2024 – 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 the quarter ended September 30, 2023. Reported Core Funds from Operations ("Core FFO") attributable to common stockholders of $40.5 million, or $0.19 per diluted share, for the quarter
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. Eastern Time (ET), during which management will discuss the third quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The confe
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 decision by our Board of Directors to suspend our regular quarterly dividend aligns with our commitment to fortify our balance sheet and maintain the utmost financial flexibility." About Paramount Group, Inc. Headquartered in New
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") filed its Quarterly Report on Form 10-Q for the quarter ended June 30, 2024 today and reported results for the second quarter ended June 30, 2024. Second Quarter Highlights: Results of Operations: Reported net loss attributable to common stockholders of $7.8 million, or $0.04 per diluted share, for the quarter ended June 30, 2024, compared to $47.5 million, or $0.22 per diluted share, for the quarter ended June 30, 2023. Net loss attributable to common stockholders for the quarter ended June 30, 2023, includes (i) $23.1 million, or $0.11 per diluted share, for our share of a non-cash real estate impairment loss related
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 June 30, 2024 with the U.S. Securities and Exchange Commission and release its second quarter 2024 financial results on Wednesday, July 31, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, August 1, 2024 at 10:00 a.m. Eastern Time (ET), during which management will discuss the second quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The conference
Paramount Group, Inc. (NYSE:PGRE) ("Paramount") announced today that its board of directors has declared a regular quarterly cash dividend of $0.035 per share of common stock for the period from April 1, 2024 to June 30, 2024. The dividend will be payable on July 15, 2024, to stockholders of record as of the close of business on June 28, 2024. About Paramount Group, Inc. Headquartered in New York City, Paramount Group, Inc. 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 City and San Francisco. Paramount is focused on maximiz
– Raises Guidance for Full Year 2024 – Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") filed its Quarterly Report on Form 10-Q for the quarter ended March 31, 2024 today and reported results for the first quarter ended March 31, 2024. First Quarter Highlights: Results of Operations: Reported net income attributable to common stockholders of $9.9 million, or $0.05 per diluted share, for the quarter ended March 31, 2024, compared to $1.7 million, or $0.01 per diluted share, for the quarter ended March 31, 2023. Net income attributable to common stockholders for the quarter ended March 31, 2024 includes a $14.1 million non-cash gain on extinguishment of a tax liabilit
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 March 31, 2024 with the U.S. Securities and Exchange Commission and release its first quarter 2024 financial results on Wednesday, May 1, 2024 after the end of trading on the New York Stock Exchange. The Company will host a conference call and audio webcast on Thursday, May 2, 2024 at 10:00 a.m. Eastern Time (ET), during which management will discuss the first quarter results and provide commentary on business performance. A question and answer session with analysts and investors will follow the prepared remarks. The conference call c
Paramount Group, Inc. (NYSE:PGRE) ("Paramount" or the "Company") is proud to announce that it has achieved the 2024 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. Paramount was honored among a select group of organizations for the company's contributions to energy efficiency and the transition to a clean energy economy. ENERGY STAR award winners are recognized for demonstrating sustainability excellence in their respective industries. This year, Paramount achieved ENERGY STAR labels across 100% of its office portfolio, spanning 11.3 million square feet. The company's longstanding commitment to ENERGY STAR has yi
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
4 - Paramount Group, Inc. (0001605607) (Issuer)
Evercore ISI upgraded Paramount Group from Underperform to In-line and set a new price target of $5.00
BofA Securities downgraded Paramount Group from Neutral to Underperform and set a new price target of $4.00 from $5.00 previously
BofA Securities resumed coverage of Paramount Group with a rating of Neutral and set a new price target of $5.50
Morgan Stanley downgraded Paramount Group from Overweight to Equal-Weight and set a new price target of $6.50 from $8.00 previously
Evercore ISI downgraded Paramount Group from In-line to Underperform and set a new price target of $6.50 from $8.00 previously
BTIG Research downgraded Paramount Group from Buy to Neutral
Morgan Stanley reiterated coverage of Paramount Group with a rating of Overweight and set a new price target of $14.00 from $10.50 previously
Mizuho upgraded Paramount Group from Neutral to Buy and set a new price target of $10.50 from $11.00 previously
Morgan Stanley reiterated coverage of Paramount Group with a rating of Overweight and set a new price target of $10.50 from $11.00 previously
Wells Fargo reiterated coverage of Paramount Group with a rating of Underweight and set a new price target of $8.50 from $9.00 previously
8-K - Paramount Group, Inc. (0001605607) (Filer)
10-Q - Paramount Group, Inc. (0001605607) (Filer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
10-Q - Paramount Group, Inc. (0001605607) (Filer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
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DEFA14A - Paramount Group, Inc. (0001605607) (Filer)
8-K - Paramount Group, Inc. (0001605607) (Filer)
10-Q - Paramount Group, Inc. (0001605607) (Filer)
DEFA14A - Paramount Group, Inc. (0001605607) (Filer)
Paramount Group (NYSE:PGRE) reported quarterly earnings of $0.22 per share which beat the analyst consensus estimate of $0.20 by 10 percent. This is a 15.38 percent decrease over earnings of $0.26 per share from the same period last year. The company reported quarterly sales of $188.877 million which beat the analyst consensus estimate of $183.329 million by 3.03 percent. This is a 0.21 percent increase over sales of $188.474 million the same period last year.
Morgan Stanley analyst Ronald Kamdem maintains Paramount Group (NYSE:PGRE) with a Equal-Weight and lowers the price target from $4.7 to $4.5.
Evercore ISI Group analyst Steve Sakwa upgrades Paramount Group (NYSE:PGRE) from Underperform to In-Line and announces $5 price target.
- SEC Filing
Paramount Group (NYSE:PGRE) reported quarterly earnings of $0.21 per share. This is a 16 percent decrease over earnings of $0.25 per share from the same period last year. The company reported quarterly sales of $192.47 million which beat the analyst consensus estimate of $176.98 million by 8.75 percent. This is a 4.59 percent increase over sales of $184.03 million the same period last year.
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The office real estate market has entered a challenging year, grappling with significant challenges represented by disruptive industry trends and upcoming financial maturities. As highlighted by recent data from Trepp, an astounding $2.77 trillion of commercial real estate debt, accounting for half of all outstanding commercial real estate debt, is set to mature between 2023 and 2027. Of this, nearly $500 billion is due in 2024 alone. This looming maturity cliff, coupled with declining property values and high-for-longer interest rates, presents a daunting challenge for both lenders and borrowers in refinancing this volume of debt. Commercial Mortgage Maturities by Lender Type
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page Citigroup raised HP Inc. (NYSE:HPQ) price target from $31 to $33. Citigroup analyst Asiya Merchant upgraded the stock from Neutral to Buy. HP shares rose 2.2% to close at $27.62 on Friday. See how other analysts view this stock. UBS increased the price target for Noah Holdings Limited (NYSE:NOAH) from $16.3 to $18. UBS analyst Helen Li upgraded the stock from Neutral to Buy. Noah Holdings shares gained 1.6% to $11.57 in pre-market trading. See how other analysts view this stock. Piper Sandler slas
B of A Securities analyst Camille Bonnel downgrades Paramount Group (NYSE:PGRE) from Neutral to Underperform and lowers the price target from $5 to $4.