Paramount Group is a real estate investment trust focused on owning, operating, managing, acquiring and redeveloping Class A office properties in select central business district submarkets of New York City and San Francisco. Co. conducts its business through, and substantially all its interests in properties and investments are held by, its subsidiary, Paramount Group Operating Partnership LP (the Operating Partnership). Co. is the sole general partner of, and owns majority interest of the Operating Partnership. Co. has several wholly and partially owned properties in New York and San Francisco, and managed properties in New York and Washington, D.C. More details about Paramount Group at:
http://www.pgre.com.
View PGRE's Dividend History » ETFs holding PGRE »
Should Paramount Group shares be counted among the
Top 10 Cheap REIT Stocks label? To start, we see that the recent trading price for PGRE stock is $4.80 and the dividend yield is 2.91% (as of 5/3/2024). The most recent quarter's (MRQ) earnings result, annualized, was $0.88/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Paramount Group produced $0.83/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $0.84/share. Comparing the current indicated annual dividend rate of $0.14 against that median result, we calculate a dividend payout ratio of 16.7%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 5.7 for the TTM Median method, 5.5 for price to earnings using MRQ annualized, and 5.8 for current price/TTM earnings. Based on PGRE's history, that recent TTM PE is low relative to the historical average, with the recent PE 51.7% lower than the average (TTM method) of 12.0.