NYSE:PGRE - Paramount Group Stock Price, Forecast & News

Paramount Group trades on the New York Stock Exchange (NYSE) under the ticker symbol "PGRE."

Paramount Group announced a quarterly dividend on Monday, December 16th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.10 per share on Wednesday, January 15th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Monday, December 30th. View Paramount Group's Dividend History.

Paramount Group Inc (NYSE:PGRE) posted its earnings results on Wednesday, February, 12th. The financial services provider reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.25 by $0.47. The financial services provider earned $190.49 million during the quarter, compared to analysts' expectations of $199 million. Paramount Group had a negative return on equity of 0.72% and a negative net margin of 4.44%. View Paramount Group's Earnings History.

Paramount Group is scheduled to release their next quarterly earnings announcement on Wednesday, May 6th 2020. View Earnings Estimates for Paramount Group.

Paramount Group issued an update on its FY20 earnings guidance on Wednesday, February, 12th. The company provided EPS guidance of $1.00 to $1.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.97.

4 equities research analysts have issued 12-month target prices for Paramount Group's shares. Their forecasts range from $13.00 to $17.00. On average, they expect Paramount Group's share price to reach $15.00 in the next year. This suggests a possible upside of 3.7% from the stock's current price. View Analyst Price Targets for Paramount Group.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Paramount Group in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Paramount Group.

Press coverage about PGRE stock has trended extremely negative this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Paramount Group earned a news impact score of -4.0 on InfoTrie's scale. They also gave media headlines about the financial services provider a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. View News Stories for Paramount Group.

Paramount Group saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 3,420,000 shares, an increase of 10.3% from the January 15th total of 3,100,000 shares. Based on an average trading volume of 1,450,000 shares, the short-interest ratio is currently 2.4 days. Approximately 1.8% of the company's shares are sold short. View Paramount Group's Current Options Chain.

Some companies that are related to Paramount Group include Vornado Realty Trust (VNO), VICI Properties (VICI), Medical Properties Trust (MPW), Host Hotels and Resorts (HST), Camden Property Trust (CPT), Regency Centers (REG), Vereit (VER), AGNC Investment (AGNC), Gaming and Leisure Properties (GLPI), Klepierre (KLPEF), SINO LD LTD/S (SNLAY), National Retail Properties (NNN), Liberty Property Trust (LPT), Iron Mountain (IRM) and Omega Healthcare Investors (OHI).

Based on aggregate information from My MarketBeat watchlists, some companies that other Paramount Group investors own include Apple Hospitality REIT (APLE), Cypress Semiconductor (CY), Physicians Realty Trust (DOC), Host Hotels and Resorts (HST), Kimco Realty (KIM), Medical Properties Trust (MPW), AGNC Investment (AGNC), Diversified Healthcare Trust (DHC), Michaels Companies (MIK) and Sabra Health Care REIT (SBRA).

(PGRE) raised $2.3 billion in an initial public offering on Wednesday, November 19th 2014. The company issued 131,000,000 shares at a price of $16.00-$19.00 per share. BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities and Deutsche Bank Securities acted as the underwriters for the IPO and Citigroup, Credit Suisse, Goldman Sachs, J.P. Morgan, RBC Capital Markets and UBS Investment Bank were co-managers.

Paramount Group's stock is owned by a number of of institutional and retail investors. Top institutional investors include State Street Corp (2.93%), Renaissance Technologies LLC (2.19%), Charles Schwab Investment Management Inc. (1.75%), Presima Inc. (1.67%), Geode Capital Management LLC (1.30%) and Heitman Real Estate Securities LLC (0.85%). Company insiders that own Paramount Group stock include Alexander Otto and Katharina Otto-Bernstein. View Institutional Ownership Trends for Paramount Group.

PGRE stock was sold by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., Man Group plc, State Street Corp, Renaissance Technologies LLC, Goldman Sachs Group Inc., Cubist Systematic Strategies LLC, UBS Asset Management Americas Inc. and Heitman Real Estate Securities LLC. View Insider Buying and Selling for Paramount Group.

PGRE stock was purchased by a variety of institutional investors in the last quarter, including Prudential Financial Inc., Los Angeles Capital Management & Equity Research Inc., Martingale Asset Management L P, Presima Inc., Colony Capital Inc., Guggenheim Capital LLC, Marshall Wace North America L.P. and Vestcor Investment Management Corp. View Insider Buying and Selling for Paramount Group.

Shares of PGRE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of PGRE stock can currently be purchased for approximately $14.47.

Paramount Group has a market capitalization of $3.29 billion and generates $769.18 million in revenue each year. The financial services provider earns $-36,900,000.00 in net income (profit) each year or $0.98 on an earnings per share basis. Paramount Group employs 321 workers across the globe.View Additional Information About Paramount Group.

The official website for Paramount Group is http://www.paramount-group.com/.

Paramount Group's mailing address is 1633 BROADWAY SUITE 1801, NEW YORK NY, 10019. The financial services provider can be reached via phone at 212-237-3100 or via email at [email protected]